About Meru
Meru is a company based in Mumbai (India) founded in 2007 by Rahul Arun Kapani was acquired by Mahindra in August 2019. It operates as a Mobility-as-a-Service and On-Demand Services. Meru has raised $135.07 million across 8 funding rounds from investors including Mahindra, Timesgroup and India Value Fund Advisors. The company has 930 employees as of April 08, 2024. Meru offers products and services including Alyte, Alyte for Enterprises, Electric Fleet, Outstation Rentals, and Airport Services. Meru operates in a competitive market with competitors including Uber, Savaari, Gozocabs, Namma Yatri and TaxiForSure, among others.
- Headquarter Mumbai, India
- Employees 930 as on 08 Apr, 2024
- Founders Rahul Arun Kapani
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Mahindra Logistics Limited
- Date of Incorporation 04 Dec, 2006
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$7.17 M (USD)27.2as on Mar 31, 2022
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Net Profit
-$2.36 M (USD)35.9as on Mar 31, 2022
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EBITDA
-$1.62 M (USD)37.8as on Mar 31, 2022
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Total Equity Funding
$135.07 M (USD)
in 8 rounds
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Latest Funding Round
$117.89 K (USD), Series C
Nov 19, 2019
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Investors
Mahindra
& 6 more
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Employee Count
930
as on Apr 08, 2024
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Acquired by
Mahindra
(Aug 31, 2019)
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Products & Services of Meru
Meru offers a comprehensive portfolio of products and services, including Alyte, Alyte for Enterprises, Electric Fleet, Outstation Rentals, and Airport Services.
Mobility solutions are provided for individuals and enterprises.
Corporate transport solutions are offered for employee commuting.
Electric vehicles are deployed for eco-friendly transportation services.
Rental services are provided for outstation travel needs.
Airport transfer services are ensured with safe vehicles.
People of Meru
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Funding Insights of Meru
Meru has successfully raised a total of $135.07M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $117.89 thousand completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Meru
Meru has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mahindra, Timesgroup and India Value Fund Advisors.
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Investments in early-stage startups are made by Brand Capital.
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Private equity is invested by True North in mid-market companies.
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PE firm investing in India
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Investor details for Meru
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Investments & Acquisitions by Meru
Investment portfolio details for Meru
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Financial Statements - Meru
Detailed financials for Meru
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Meru Comparisons
Peer comparison for Meru
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Competitors of Meru
Meru operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Uber, Savaari, Gozocabs, Namma Yatri and TaxiForSure, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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An online platform providing ride-hailing and food delivery services
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App-based intercity ride-hailing aggregator
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Inter-city taxi bookings are enabled via a mobile app platform.
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Three-wheeler rides are booked via an app-based platform.
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Car rental aggregator
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Detailed competitors of Meru
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Latest news on Meru
Complete news archive for Meru
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Frequently Asked Questions about Meru
Meru was founded in 2007.
Meru is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Zhooben Dosabhoy Bhiwandiwala is the current CEO of Meru.
Meru is a funded company, having raised a total of $135.07M across 8 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Meru is 930.
Annual revenue of Meru is $7.17M as on Mar 31, 2022.
Comprehensive mobility solutions are offered by Meru, a brand under Mahindra Logistics Limited, focusing on safe and reliable transportation for individuals and enterprises across major Indian cities. Services include employee commutes, airport transfers, outstation rentals, and corporate transport management. The company operates in sectors like automobile, e-commerce, and consumer industries, integrating technology for real-time tracking and operational efficiency. Sustainable initiatives are emphasized through the deployment of electric vehicles to reduce environmental impact. End-to-end solutions are provided, covering booking, billing, and fleet management with a focus on safety and compliance.
Meru's top competitors include Uber, Savaari and TaxiForSure.
Meru offers Alyte, Alyte for Enterprises, Electric Fleet, Outstation Rentals, and Airport Services.
Meru has 7 investors. Key investors include Mahindra, Timesgroup, India Value Fund Advisors, Brand Capital, and True North.
The valuation of Meru is $12.14M as of Nov 2019.