Mahindra Logistics acquires Meru Cabs from Mahindra & Mahindra

Mahindra Logistics on Tuesday announced the acquisition of ride-sharing startup Meru Cabs from its parent company Mahindra & Mahindra. The company also acquired 100% equity share capital of Meru's subsidiaries - Meru Mobility Tech Private Limited, V-Link Fleet Solutions Private Limited and V-Link Automotive Services Private Limited. Founded in 2006, Meru was fully acquired by Mahindra in May.