Meru Cabs raises $25 million from BCCL
Radio taxi service Meru Cabs on Thursday raised $25 million in funding from Bennett Coleman & Co. Ltd's investment arm Brand Capital. The company is looking to raise an additional $75 million as part of its $100 million fundraising plan. Earlier in March 2015, Meru Cabs had raised $50 million from India Value Fund Advisors.