Mahindra to buy 23% stake in car GPS device startup CarSense
Mahindra and Mahindra has agreed to buy 22.9% stake in smart car solutions startup CarSense for â¹6 crore. The Mumbai-based startup was founded by IIT Bombay alumni Urmil Shah, Pushkar Limaye, Rohan Vadgaonkar, and Prathamesh Joshi in 2015. CarSense retails a smart device which tracks car's real-time location, sends accident alerts, and also helps monitor car's health via an app.