Mahindra & Mahindra may merge Meru with Mahindra Logistics to lead in operational synergies and capabilities following its full purchase of the radio taxi fleet operator. The synergies with the logistics arm could possibly be multi-faceted since Mahindra Logistics is within the enterprise of provide chain and enterprise mobility, which incorporates numerous business verticals comparable to client items, e-commerce, and prescribed drugs.

The company has been on a path to recovery after being impacted by the Covid-19 pandemic and has been maintaining fast-track progress. M&M may additionally put Meru’s fundraising plans on the backburner. The taxi fleet operator had started funding talks with agency Orix Auto Infrastructure Services. The discussions had advanced between the ex-promoter of Meru for a possible stake sale to boost about Rs 350 to Rs 400 crores.

A supply that was a part of the fundraising deal stated M&M doesn’t need to burn any extra capital and has no urge for food for additional threat. It’s a bit early to touch upon the short-term revival of the demand cycle of each business to the client and business to business segments because the company step by step emerges out of lockdown-like restrictions and is long-term enterprise progress choices, a company spokesperson said.