Mahindra likely to buy stakes in Meru Cabs

As per news reports, Mahindra & Mahindra is likely to acquire a majority stake in ride-hailing firm Meru Cabs for […]


As per news reports, Mahindra & Mahindra is likely to acquire a majority stake in ride-hailing firm Meru Cabs for up to ₹201 crore. The company said that it is keen to grow its presence in shared mobility space and by acquisition of stake in Meru, it will also enter the corporate shared mobility space, which is an area of strategic interest to it. It is reported that this deal will allow to expand its presence in the shared mobility market and will eventually give cab-hailing company Meru more firepower to compete with Ola and Uber. Mahindra and Mahindra will pick up 55% in Meru Travel Solutions for ₹103 crore and retain the option of buying the remaining shares for up to ₹98 crore. In fact, last year, the Anand Mahindra led company had invested in self-drive service Zoomcar also.


India China Trade Relationship

Can Atmanirbhar India Inc ward off dependencies on China?

The New Mantra-Future of SMEs post COVID-19

The new mantra: future of SMEs post Covid-19

SBI ecommerce platform

SBI likely to invest $150 Mn in B2B e-commerce platform for MSMEs

Impact of coronavirus on real estate

JLL’s latest Global Real Estate Transparency Index reveals significant improvement in India

The impact of COVID-19 pandemic on jewellery sector

Will festive season bring back the glimmer of gems and jewellery retail in India?

msme coronavirus credit funding world bank

Indian govt & World Bank sign $750 million agreement to support MSMEs affected by Covid-19


Future of work: 6 digital technology trends set to transform the workplace

How to Induct Modern Marketing in your Business

How to induct modern marketing in your business?

warehouse business

Warehousing, industrial space demand to be hit this year due to COVID-19: Experts

MSME udyam portal

Udyam registration portal for MSMEs launched

Indian Hospitality Industry - Possibilities, Threats and Revival in COVID-19 Era

Majority of hotel operators expect up to two-year revenue recovery period: JLL


Auto component industry should aim for 5 pc of global trade in 5 yrs; govt support crucial: ACMA