The company has tied up with Delhi police under ICE.
Delhi Chief Minister Arvind Kejriwal says surge pricing is daylight robbery and no responsible govt can allow that.
100,000 cabs and 45,000 autorickshaws would be plying on the Delhi-NCR routes to handle the rush.
The fresh funds would be used for expansion of Meru's network.
Meru Cabs is in talks with Chinese e-commerce giant Alibaba.
Radio taxi service provider Meru Cabs is planning to put in place the next level of driver verification, one liked to biometric identification tool Aadhaar.
The competition between app-based taxi services has led to a drop in prices and more choices for customers.
The safety net for passengers is focused solely on the terms and conditions for the radio taxi scheme issued by the transport department.
Meru Cabs and OlaCabs among radio cabs and bus ticket booking provider Redbus have been using big data analytics.
The conversion from ownership to taxi hiring services is gaining ground.
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