When was Meru founded?

Meru was founded in 2007 and raised its 1st funding round within a year of its incorporation.

Where is Meru located?

Meru is headquartered in Mumbai, India. It is registered at GATEWAY BUILDING , APOLLO BUNDER, MUMBAI, Maharashtra, India, 400001.

Which legal entities is Meru associated with?

Meru is associated with Mahindra And Mahindra Limited and 3 others.

How many employees does Meru have?

As of Sep 30, 2026, the latest employee count at Meru is 609.

Is Meru a funded company?

Meru is a funded company, having raised a total of $135M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 01, 2007.

How much is Meru worth?

The last known valuation of Meru was $***** as of Nov 19, 2019.

When was the latest funding round of Meru?

Meru's latest funding was a $***** Series C round on Nov 19, 2019, with participation from 1 investor.

What is the annual revenue of Meru?

Annual revenue of Meru is more than ₹1,000 Cr as on Mar 31, 2026

Where does Meru rank among its competitors?

Meru ranks 5th amongst 543 active competitors, of which 33 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Snap-E Cabs, which secured $2.5M in Sep, 2025.

Who are the top competitors of Meru?

Meru's top competitors include Uber, Blu-Smart and Ola. Among them, Snap-E Cabs secured the most recent funding round in September, 2025.

Meru - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Meru an acquired company?

Meru got acquired by Mahindra on Aug 31, 2019.

Meru is an acquired company based in Mumbai (India), founded in 2007 by Neeraj Gupta and Rahul Arun Kapani. It operates as an App-based platform offering ride-hailing services. Meru has raised $135M in funding from True North and Brand Capital, with last known valuation of $*****. The company has 543 active competitors, including 33 funded and 7 that have exited. Its top competitors include companies like Uber, Blu-Smart and Ola.

Company Details

Meru is an app-based platform offering ride-hailing services. Their platform enables users to book rides by providing location, passenger details & more. It offers services like local rides, outstation rides, hourly cab rental & more. Meru biz provides transportation services for corporates. It offers features like real-time tracking, in-app payments, fare estimator & more. Their mobile app is available for both Android & iOS devices.

Website: meru.in
Registered Address: GATEWAY BUILDING , APOLLO BUNDER, MUMBAI, Maharashtra, India, 400001

Key Metrics

Founded Year

2007

Location

Mumbai, India

Stage

Acquired

Total Funding

$135M in 8 rounds

Latest Funding Round

Series C, Nov 19, 2019, $*****

Last Known Valuation

$***** as on Nov 19, 2019

Investors

True North & 13 more

Ranked

5^th among 543 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2026

Employee Count

609 as on Sep 30, 2026

Similar Companies

Uber & 4749 more

Exit Details

Acquired by Mahindra (Aug 31, 2019)

View Meru's full profile

Meru is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
Mahindra And Mahindra Limited CIN: L65990MH1945PLC004558 , India, Active	Oct 02, 1945	₹1,000+ Cr (As on Mar 31, 2026)	22779 (As on Apr 01, 2026)
MAHINDRA LOGISTICS LIMITED CIN: L63000MH2007PLC173466 , India, Active	Aug 24, 2007	₹1,000+ Cr (As on Mar 31, 2026)	3740 (As on Mar 31, 2024)
V-LINK AUTOMOTIVE SERVICES PRIVATE LIMITED CIN: U50500MH2010PTC198987 , India, Amalgamated	Jan 18, 2010	0 - ₹10 Cr (As on Mar 31, 2021)	9 (As on Jul 31, 2020)
MLL EXPRESS SERVICES PRIVATE LIMITED CIN: U63040MH2006PTC165956 , India, Active	Dec 04, 2006	₹100 - ₹500 Cr (As on Mar 31, 2024)	23 (As on Aug 31, 2023)

Meru got acquired by Mahindra on Aug 31, 2019 at an acquisition amount of $*****.

Click here to take a look at Meru's acquisition in detail

Meru has raised a total funding of $135M over 8 rounds. Its first funding round was on Feb 01, 2007. Its latest funding round was a Series C round on Nov 19, 2019 for $*****. 1 investor participated in its latest round. Meru has 6 institutional investors and 8 angel investors.

Here is the list of recent funding rounds of Meru:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 19, 2019	4369733	Series C	7277288	7400537	8566193	3918780
Jun 22, 2016	8538917	Series C	7139443	5691401	7827966	True North
Mar 17, 2015	4200569	Series C	1040473	2344277	True North	The Times Group & 2 more

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View details of Meru's funding rounds and investors

The founders of Meru are Neeraj Gupta and Rahul Arun Kapani. Hemant Sikka is the CEO of Meru.

Here are the details of Meru's key team members:

Neeraj Gupta: Former Co-Founder of Meru and founder of 1 other company. They are also an angel investor in 2 startups and serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Rahul Arun Kapani: Former Co-Founder of Meru.
Contact Info: 1 email address

Meru's Board of Directors

Meru's board has 8 active members. Neeraj Gupta is part of team and George Thomas, Yogesh Patel, Abhimanyu Bhattacharya, Gangadaran Chellakrishna, Deven Murarilal Maskara, Sreenivas Pamidimukkala and Nikhilesh Natwarlal Panchal are independent board members.

Here is the list of Meru's board of directors:

Name	Type	Representing	Status	Duration
Neeraj Gupta	Team	-	Current	19y 9m
keaghmt	Team	-	Past	6y 1m
pvexjov	Team	-	Past	5y 7m
mlbepmp	Team	-	Past	8y 6m
mjmtcob	Team	-	Past	4y 4m
gesvhxr	Team	-	Past	6y 7m
mdexwib	Team	-	Past	1y 7m
ppfdxtd	Investor	-	Past	9y 5m
George Thomas	Independent board member	-	Current	19y 7m
dptavyf	Independent board member	-	Current	3y 7m
dywouvw	Independent board member	-	Current	2y 1m
gbifvig	Independent board member	-	Current	4y 1m
fqwtcir	Independent board member	-	Current	6y 6m
ivjmjdc	Independent board member	-	Current	6y 5m
cgapfol	Independent board member	-	Past	8y 2m
eedprsi	Independent board member	-	Past	3y 4m
dytqdzv	Independent board member	-	Past	1y 9m
cyyailm	Independent board member	-	Past	8y 8m
uqguaq{	Independent board member	-	Past	5y 1m
pv{telc	Independent board member	-	Past	6y 2m
rrpmhyo	Independent board member	-	Past	9y 6m
tpeagva	Independent board member	-	Past	9y 3m
dwpncsk	Independent board member	-	Past	3y 6m
afyakju	Independent board member	-	Past	4y 8m

View details of Meru's Founder profiles and Board Members

Meru's employee count trend

Meru has 609 employees as of Sep 26. Here is Meru's employee count trend over the years:

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Top competitors of Meru include Uber, Blu-Smart and Ola. Here is the list of Top 10 competitors of Meru, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Uber 2009, San Francisco (United States), Public	Network providing on-demand transportation, delivery, and business management solutions	$13.2B	Toyota, Fidelity Investments & 192 others	89/100
2nd	Blu-Smart 2019, Gurugram (India), Deadpooled	Platform offering electric vehicle fleet undergoing corporate insolvency resolution process	$159M	responsAbility, Lightsource BP & 280 others	79/100
3rd	Ola 2010, Bengaluru (India), Series J	Operator of a network providing on-demand transportation and mobility solutions	$3.84B	Tiger Global Management, Steadview & 150 others	72/100
4th	MovingTech 2020, Bengaluru (India), Unfunded	Digital mobility platform providing a people-first ride-hailing service through an open network	-	-	72/100
5th	Meru 2007, Mumbai (India), Acquired	App-based platform offering ride-hailing services	$135M	True North, The Times Group & 12 others	72/100
6th	Savaari 2006, Bengaluru (India), Acquired	Network of chauffeur driven taxi services for intercity airport transport	$5.93M	Athera, Intel & 1 others	71/100
7th	Snap-E Cabs 2022, Kolkata (India), Seed	Operator of electric vehicle transportation services providing ride bookings via application	$5.03M	Inflection Point Ventures, Yellowrain & 6 others	68/100
8th	TaxiForSure 2011, Bengaluru (India), Acquired	Car rental aggregator	$45.2M	Accel, Helion Venture Partners & 11 others	63/100
9th	Evera Cabs 2019, Delhi (India), Seed	Provider of an application for booking electric vehicle transportation services	$14M	IEG, Direct Capital & 5 others	61/100
10th	Cab-E 2019, Mumbai (India), Series A	Operator of a technology platform providing all-electric vehicle cab booking services	$6.27M	Alluring Commercial, Exmark Distributors ... & 122 others	58/100