Meru Cabs is an Indian taxi-hailing company. Founded by Neeraj Gupta in 2006, the company is headquartered in Mumbai. Since 2019, the company has been owned by

Mahindra Group Mahindra Group is an Indian multinational conglomerate, headquartered in Mumbai. The group has operations in over 100 countries, with a presence in aerospace, agribusiness, aftermarket automotive components, construction equipment, defenc ...

. Meru provides mobility services to individuals as well as business houses across India. Currently, Meru provides app-based transportation services like city rides, city rentals, airport transfers, and outstation travel, etc to individuals as well as corporate houses in 24 cities across India.

History

Neeraj Gupta founded the V-Link Group in 2000. Started as a staff transportation business, V-Link Fleet Solutions expanded its business and provided services to clients in the BPO sector. In a duration of 4 years, V-Link expanded to a fleet of 1300 vehicles. In August 2006, Maharashtra government invited tenders for running a fleet of 10,000 taxis in Mumbai in an attempt to replace the already existing black-yellow cabs (Kaali-peeli taxis). It was during this time that V-Link collaborated with venture capital firm True North, formerly known as India Value Fund (IVF), to form Meru. With initial funding of INR 500 million, Meru was launched in Mumbai offering AC cabs to India for the first time, with electronic meters and GPS/GPRS system cabs via the call booking system. In a short time, Meru scaled up its services to the top 4 cities of India with a fleet of 5000 cabs by 2010. By 2015, with a fleet of 9000 cabs, Meru provided its services in most of the Metros, Tier-2 & Tier-3 cities of India including –

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, primarily its western or right bank, Delhi shares borders w ...

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Bangalore Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

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Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

Vadodara Vadodara (), also known as Baroda, is the second largest city in the Indian state of Gujarat. It serves as the administrative headquarters of the Vadodara district and is situated on the banks of the Vishwamitri River, from the state capital ...

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Pune Pune (; ; also known as Poona, (List of renamed Indian cities and states#Maharashtra, the official name from 1818 until 1978) is one of the most important industrial and educational hubs of India, with an estimated population of 7.4 million ...

, and

Kolkata Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, comme ...

. Meanwhile, Meru tied-up with the 5 major airports of

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

and became their official airport cab service provider. By 2018, Meru broadened its service offerings from city and airport rides to city rentals and outstation. Meru also tied-up with Mahindra Electric to offer transportation in

. In 2019,

Mahindra & Mahindra Mahindra & Mahindra Limited (M&M) is an Indian multinational automotive manufacturing corporation headquartered in Mumbai. It was established in 1945 as Mahindra & Mohammed and later renamed as Mahindra & Mahindra. Part of the Mahindra Group, ...

acquired a 55% stake in Meru Cabs. With this merger, Meru expanded its product offerings and added electric vehicles in its fleet. In May 2021, Mahindra & Mahindra raised its stake to 100%. In December 2021, Mahindra Logistics acquired 100% stake in Meru Cabs from Mahindra & Mahindra. Meru ran a pilot project with 200 electric cars in Mumbai and Delhi. By 2020, Meru grew to become the second-largest ride-hailing service to include electric vehicles (EV) in its fleet.

References

{{Reflist Taxis of India Ridesharing companies of India Online companies of India Companies based in Mumbai Transport companies established in 2007 Indian companies established in 2007 2007 establishments in Maharashtra