Professional Documents
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Nahi
Airport ka Return
Bhada Lagega,
Wapas aane ke
time passenger
nahi milta!
Vision of Meru Cabs
“Our vision is to give urban
commuters in India a
world-class travelling
experience, by using a
Mr. Neeraj Gupta
technology that has Managing Director
evolved in developed
countries over the past
twenty years,”
Facts of Meru
• April, 2007 – Launched in Mumbai with India Value fund advertising
with 30 cabs.
• June, 2007 – Started pick up and drop from Mumbai Chatrapati airport
terminals.
• October, 2007 – Increased cabs from 30 to 200.
• November,2007 – Launched driver training programs.
• March,2008 – Launched in Delhi with 250 cabs.
• April, 2008 - Launched in Bangalore with 500 cabs.
• May, 2008 - Launched in Hyderabad with 400cabs.
• September,2008– Launched, Meru for women: Safe, secure &
convenient transport option
• December, 2009 - Launched credit/debit card payment options for
Bangalore.
• February,2010 – Launched credit/debit card payment options for Delhi.
• September,2010 - Credit/debit card payment options for Hyderabad.
Business Model
• Agent from company go to the areas where drivers
hang out, such as airport, parking lot, call centers,
malls and then explain business to them.
• After and formal application successful drivers pay
a refundable deposit and an application fees and
undergo two weeks of training.
• The driver is then given a vehicle for which he has
to pay a daily fees. Any profit after the fees and
fuel expenses go to the driver.
Business Model contd..
• The operator owns the vehicles in the fleet and
vehicles are bought in batches of 100-200 from
various manufacturers.
• Drivers are assured a certain numbers of fares
everyday. However, driver have to pay a fee if they
take leave on a day of duty.
• Driver performance is monitored through
customer feedback and Global Positioning
System (GPS) module fitted in the car.
Investors