Zoomcar and Drivezy are in early merger talks

Bengaluru-based self-drive car rental company Zoomcar may look at a share-swap deal with Drivezy-a car and bike rental startup, which will allow the company to payout existing shareholders through equity, rather than paying the sum entirely in cash. Talks are still exploratory and depend upon the lender’s approval.

Approval of the merger will accept only when there is enough money to cover debt and its repayment. Top investors of both the company most probably to hold stakes in the merged entity. (Source)