The company has tied up with Delhi police under ICE.
The fresh funds would be used for expansion of Meru's network.
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.
Delhi Chief Minister Arvind Kejriwal says surge pricing is daylight robbery and no responsible govt can allow that.
Meru Cabs is in talks with Chinese e-commerce giant Alibaba.
100,000 cabs and 45,000 autorickshaws would be plying on the Delhi-NCR routes to handle the rush.
Meru Cabs, launched in 2006, has everything going for it: A credible brand, loyal customers and a transparent pricing mechanism and technology. But, the only thing missing is profits. Meru wants to change that now. Says Meru CEO Siddhartha Pawha: FY13 will be focused towards achieving the last target.
Meru Cabs and OlaCabs among radio cabs and bus ticket booking provider Redbus have been using big data analytics.
The safety net for passengers is focused solely on the terms and conditions for the radio taxi scheme issued by the transport department.
The competition between app-based taxi services has led to a drop in prices and more choices for customers.
The conversion from ownership to taxi hiring services is gaining ground.
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