Industry Newsroom

True North Exits Indian Ridesharing Company Meru via ~USD10.2m Sale to Mahindra

True North and others have exited their combined 44.14% stake in India-based ridesharing company Meru Travel Solutions via a sale to automotive giant Mahindra & Mahindra for INR760.3m (~USD10.2m). Mahindra will also acquire a 12.66% stake from Neeraj Gupta and Farhat Gupta for INR216.3m (~USD2.9m), increasing its stake to 100%. Read more