Siddhartha Pahwa, Meru Cabs’ chief executive officer, has quit the company, reports Economic Times. Pahwa may work on ventures of his own after a while, according to the report. His reasons of stepping down are not clear. Pahwa’s duties will be passed on to Meru’s CTO Nilesh Sangoi at the end of this year.
One of the most satisfying and enriching experience. All the best to everyone at Meru. pic.twitter.com/GB1nn6fzyV
— siddhartha pahwa (@sid__rocks) November 29, 2016
Pahwa joined Meru as its CEO in November 2011. Prior to that, he was the president of supply chain at Abbott Healthcare for a year, president of global supply chain at Piramal Healthcare for over 3 years and had similar stints at Piramal, Unilever and PwC for over 7 years.
In June this year, Meru Cabs raised ~$25 million from Times of India Group’s Brand Capital to strengthen its foothold in the Indian market. Brand Capital had also invested in rival cab operator Uber last year. Meru had raised $50 million from existing investor India Value Fund Advisors in May 2015.