SmartShift and Porter Announce their Intent to Merge

• Mahindra to invest a further amount of Rs 65 crore in the two entities
• Merged entity to optimise greater operational efficiency
• To result in a Pan India reach in the growing shared mobility space

Mumbai, February 23rd, 2018: SmartShift by Mahindra, part of the USD 19 billion Mahindra Group today announced an intent to merge with Porter by Resfeber Labs, India’s leading tech-enabled logistic solutions provider in the goods transportation space.