This article needs additional citations for verification .(December 2020) |
Type | Private |
---|---|
Industry | Transport |
Founded | April 2007 |
Founder | Neeraj Gupta |
Headquarters | , India |
Number of locations | 24 cities (2015) |
Area served | India |
Brands | Meru Cabs, MeruBiz, MeruSpot, Meru Reserve [1] |
Services | Vehicle for hire |
Revenue | ₹115.96 crore (US$15 million) (FY20) [2] |
₹−10.64 crore (US$−1.3 million) (FY20) [2] | |
Number of employees | 343 (2020) [2] |
Parent | Mahindra Logistics |
Website | www |
Meru Cabs is an Indian taxi-hailing company. [3] Founded by Neeraj Gupta in 2006, the company is headquartered in Mumbai. Since 2019, the company has been owned by Mahindra Group.
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.
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.[ citation needed ]
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, Delhi, Hyderabad, Bangalore, Jaipur, Ahmedabad, Chennai, Vadodara, Surat, Pune, and Kolkata. Meanwhile, Meru tied-up with the 5 major airports of India 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 Hyderabad.[ citation needed ]
In 2019, Mahindra & Mahindra acquired a 55% stake in Meru Cabs. [4] 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%. [5] In December 2021, Mahindra Logistics acquired 100% stake in Meru Cabs from Mahindra & Mahindra. [6]
Meru ran a pilot project with 200 electric cars in Mumbai and Delhi. [7] By 2020, Meru grew to become the second-largest ride-hailing service to include electric vehicles (EV) in its fleet. [5]
Transport in India consists of transport by land, water and air. Road transport is the primary mode of transport for most Indian citizens, and India's road transport systems are among the most heavily used in the world.
Transport in Mumbai is achieved by both public, and private transport. As of 2015, 52% of commuters use public transport. Mumbai has the largest organized bus transport network among major Indian cities.
An auto rickshaw is a motorized version of the pulled rickshaw or cycle rickshaw. Most have three wheels and do not tilt. They are known by many terms in various countries including auto, auto rickshaw, baby taxi, mototaxi, pigeon, jonnybee, bajaj, chand gari, lapa, tuk-tuk, tum-tum, Keke-napep, Maruwa, 3wheel, pragya, bao-bao, easy bike, CNG and tukxi.
Yellow cab taxicab operators exist all around the world. The original Yellow Cab Company, based in Chicago, Illinois, was one of the largest taxicab companies in the United States.
ComfortDelGro Corporation is a multi-national land transport company listed on the Singapore Exchange, operating about 35,000 vehicles in seven countries. It was formed on 29 March 2003 through a merger of Singapore-based land transport companies Comfort Group and DelGro Corporation.
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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 Mahindra & Mahindra. Part of the Mahindra Group, M&M is one of the largest vehicle manufacturers by production in India. Its unit, Mahindra Tractors, is the largest manufacturer of tractors in the world by volume. It was ranked 17th on a list of top companies in India by Fortune India 500 in 2018. Its major competitors in the Indian market include Maruti Suzuki India and Tata Motors.
Mphasis Limited is an Indian multinational information technology services and consulting company based in Bengaluru. The company provides infrastructure technology and applications outsourcing services, as well as architecture guidance, application development and integration, and application management services. It serves financial services, telecom, logistics, and technology industries. Mphasis was ranked #7 in India IT companies and overall #189 by Fortune India 500 in 2019. In April 2016, Hewlett Packard Enterprise sold the majority of its stake in Mphasis to Blackstone Group LP for around US$1 billion.
Mahindra Last Mile Mobility Limited, formerly known as the Mahindra Electric Mobility Limited (2016-2023) & Reva Electric Car Company (2010-2016), is an Indian company based in Bangalore, involved in designing and manufacturing of compact electric vehicles. The company's first vehicle was the REVAi electric car, available in 26 countries with more than 4,000 of its different versions sold worldwide by mid-March 2011. Reva was acquired by Indian conglomerate Mahindra & Mahindra in May 2010. After the acquisition, the company launched the electric hatchback e2o in 2013. Today, the company sells electric vehicles in different segments – the electric sedan eVerito, the electric commercial vehicle eSupro, and the Treo range of low maintenance, lithium-ion battery-powered three-wheelers. Recently, Mahindra Electric became the first Indian car manufacturer to cross 170 million kilometers traveled on its fleet.
A taxi, also known as a taxicab or simply a cab, is a type of vehicle for hire with a driver, used by a single passenger or small group of passengers, often for a non-shared ride. A taxicab conveys passengers between locations of their choice. This differs from public transport where the pick-up and drop-off locations are decided by the service provider, not by the customers, although demand responsive transport and share taxis provide a hybrid bus/taxi mode.
Cars such as Toyota Etios, Maruti Omni, Mahindra Logan, Maruti Suzuki, Tata Indica and Tata Indigo are fairly popular among taxicab operators. The livery of the taxicabs in India varies from state to state. In Delhi and Maharashtra, most taxicabs have yellow-black livery, while in West Bengal, taxis have yellow livery. Private taxicab operators are not required to have a specific livery. However, they are required by law to be registered as commercial vehicles.
Telangana State Road Transport Corporation is a state-owned corporation that runs bus transport services to and from the Indian state of Telangana. It was formed in 2014 by splitting the Andhra Pradesh State Road Transport Corporation. Many other Indian metro towns in Andhra Pradesh, Karnataka, Maharashtra, Goa, Odisha and Chhattisgarh are also linked with the services of TSRTC. It serves about 6 million passengers every day, having three zones and services operating through 99 depots.
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