Mahindra Logistics acquires Meru Cabs from Mahindra & Mahindra
The third party logistics company, MLL is a 58.34 percent subsidiary of M&M.
Meru Cab Company Pvt
Rail, Bus & Taxi · India · 464 Employees
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About
Headquarters
431 Lower Ground Florida, Gurgaon, Haryana, 122...Phone Number
+91 1244723960Website
www.meru.inRevenue
$71.8 MillionIndustry
Most Recent Scoops
Jul 22 2022
Open Position
Apr 30 2021
Mergers & Acquisitions (M&A)
Highlights
$75M
Total Funding Amount
$25M
Most Recent Funding Amount
2
Number of Funding Rounds
Who is Meru Cab Company Pvt
Meru Cabs, a world class cab service was launched in Mumbai (April 2007) in association with India Value Fund, a premier India centric private equi ty fund. Meru Cab has pioneered the concept of GPS/GPRS enabled cab service in India. Since its launch, Meru has continued to receive an exceptional response from the customers and is consistently distinguishing itself as a provider of superior quality transport. Meru Cabs service is available through its mobile app, website (www.merucabs.com) & dedicated call center at 44224422. Meru launched MeruGenie, a hatchback cab service in December 2013, which is now present across 12 cities in India. In January 2015, Meru launched Meru Eve, a cab service exclusively for and by women, to bring to the lady passengers a safe and reliable way to travel. Last month, Meru Enable was launched in Mumbai in association with Ezy Mov as India's first wheelchair accessible taxi service, a unique service for people with special needs. Meru offers its world-class cab service across 24 cities in India under consumer proposition of Reliability, Safety & Transparency. Recognized by 'The Limca Book of Records' as the largest fleet taxi operator in the country, Meru has completed more than 40 million trips across India. Meru has been voted as India's Most Favourite Cab Service by TripAdvisor Travellers' Choice for 2 consecutive years 2013 & 2014; and has won various other esteemed awards like, Times Travel Award 2011, IT User Award 2008, 2009 & 2010. Recently Meru also received the prestigious Economic Time's Most Promising Brands award for 2015.Read more
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Most Recent Scoops
Jul 22 2022
Open Position
May 3 2021
Mergers & Acquisitions (M&A)
Apr 30 2021
Mergers & Acquisitions (M&A)
Meru Cab Company Pvt News & Media
Mahindra & Mahindra Completes 100% Acquisition Of Meru Cabs
Mahindra & Mahindra has increased its equity shareholding in its subsidiary, the cab aggregator Meru Cabs, from 43.2% to 100%.Mahindra fully acquires Meru Cabs, appoints Pravin Shah as CEO
Mahindra would acquire 44.14 per cent shares from Private Equity investor, True North and others for an amount not exceeding Rs 76.03 crores and 12.66 per cent shares from Neeraj Gupta and Farhat Gupta, for an amount not exceeding Rs 21.63 crores.Mahindra & Mahindra to hike stake in Meru
Read more about Mahindra & Mahindra to hike stake in Meru on Business Standard. From 43.20% to 100%M&M takes control of Meru by buying remaining stake
Mahindra and Mahindra Ltd. (M&M) today announced that it has entered into definitive agreements with shareholders of Meru Travel Solutions Private Limited (Meru) to buy their respective stakes in Meru.
Read more news
Frequently Asked Questions Regarding Meru Cab Company Pvt
Meru Cabs, a world class cab service was launched in Mumbai (April 2007) in association with India Value Fund, a premier India centric private equity fund. Meru Cab has pioneered the concept of GPS/GPRS enabled cab service in India. Since its launch, Meru has continued to receive an exceptional response from the customers and is consistently distin... Read More
