Meru Cabs

Cabs and other commercial vehicles were subjected to an entry fee of Rs 150 for up to seven minutes, and after seven minutes, the fee would have increased to Rs 300

The third party logistics company, MLL is a 58.34 percent subsidiary of M&M.

Cab-hailing service provider Meru Mobility Tech Pvt Ltd on Monday said it has entered into a partnership with loyalty and rewards programme, InterMiles. Through the partnership, a host of Meru services, including airport transfers, car rentals and point-to-point transfers will be available on the InterMiles platform, said the company, which is a part of the Mahindra group. "The tie-up with InterMiles means any programme member can now book flights, hotels and surface transport all in one place and as a part of one overall trip," Meru Mobility Tech Founder and Managing Director Neeraj Gupta said. Stating that safe end-to-end transport solutions have assumed new importance amid the COVID-19 pandemic, he said, "the credibility of our two brands will inspire trust among programme members and reassure them at a stressful time for travel. Moreover, it will expand Meru's footprint and potentially open the company up to a much wider customer base." InterMiles MD & CEO Manish Dureja said, .

Like most of the other ride hailing firms, which went out of business due to the lockdown, Meru also got into the delivery of essential services to survive the lockdown

Safety procedures include ozone sanitisation inside the cab, IPA sanitisation of the cab's exteriors, temperature check of the driver-partner at the designated sanitisation hubs at the airports

Meru to deliver essential goods to Flipkart customers in Ozone sanitized cabs across Delhi NCR, Bengaluru and Hyderabad

Homegrown utility vehicles major Mahindra & Mahindra (M&M) on Thursday said it has completed acquisition of 36.63 per cent stake in Meru Travel Solutions in the first tranche as part of its Rs 201.5-crore deal to acquire 55 per cent shareholding in the radio taxi operator. In September M&M had announced signing of a share subscription and shareholder agreement for subscribing up to 55 per cent of equity share capital of Meru Travel Solutions Pvt Ltd in tranches. "...the company has today acquired 36.63 per cent of the equity share capital of Meru in the first tranche of investment, and also the right to appoint majority of the directors on the board of Meru," M&M said in a regulatory filing. M&M said it "has invested an amount of Rs 44.71 crore (in cash consideration) for the acquisition of 36.63 per cent of the equity share capital of Meru". Consequently, Meru has become a subsidiary of the company with effect from December, 5 2019. Also subsidiary companies of ...

Homegrown utility vehicles major Mahindra & Mahindra is acquiring 55 per cent stake in ride hailing and radio taxi operator Meru Travel Solutions for a cash consideration of up to Rs 201.5 crore, according to a regulatory filing by the company. The company signed a share subscription and shareholder agreement on Saturday for subscribing up to 55 per cent of equity share capital of Meru Travel Solutions Pvt Ltd in tranches, Mahindra & Mahindra said in a BSE filing. Under the agreement, after investment of the first tranche in Meru, M&M will have the right to appoint majority of the directors on the board of Meru and will control its composition, it added. "Upon obtaining such right, Meru will become a subsidiary of the company," M&M said, adding subsidiaries of Meru -- Meru Mobility Tech Pvt Ltd, V-Link Automotive Services Pvt Ltd and V-Link Fleet Solutions Pvt Ltd -- would in turn also become subsidiaries of M&M. As per the filing, the acquisition will be through .

It's a smart move by Meru to win back the customers it had lost to Uber and Ola, says Tech in Asia

New fares come with no surge price, no ride time charge, no base fare and no night time charge

The draft Maharashtra City Taxi Rules are a good model for emulation by other states, says Siddhartha Pahwa, CEO, Meru Cabs

Meru Cabs CEO Siddhartha Pahwa said the state's draft rules for taxi services should be emulated across the country

In a new campaign, Meru Cabs says transparent pricing is its biggest advantage and picks on taxi aggregators for indulging in "misleading" pricing practices

It is cutting back on discounts and infusing technology in its back-end services to crimp costs and turn profitable before others

Meru Cabs said that it has achieved a more than 10% profit margin in five cities

The firm, which returned to profits in December quarter of FY16 after 1.5 years, clocked a revenue of Rs 600 cr in 2015-16

The company clocked a revenue of about Rs 600 crore in 2015-16

During the odd-even experiment in Delhi, Meru said it saw a 35% increase in bookings

Plans to go for IPO in three years