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BLUSMART FOUNDERS
- CBI registers case against BluSmart's founders Anmol Singh Jaggi and Puneet Singh JaggiThe CBI has filed a case against BluSmart founders. This action follows allegations of causing a significant financial loss to IREDA. Funds...
BluSmart's ride into the sunset: Timeline of events at the cab-hailing EV firmBluSmart was founded in January 2019 in Gurugram by Anmol Singh, Punit K Goyal and Punet Singh Jaggi. Just a few months later, in July 2019...- BluSmart hires Grant Thornton to conduct audit; company’s losses more than doubled to Rs 470 crore in FY24BluSmart has appointed Grant Thornton to conduct the audit amid concerns over a significant cash discrepancy as the EV ride-hailing firm fa...
- BluSmart appoints Grant Thornton for a forensic audit, sources sayBluSmart, an Indian electric cab service, has appointed Grant Thornton for a forensic audit following a regulatory investigation. The probe...
- Crisis-hit BluSmart’s 500 staffers await clarity on their salary duesOn April 16, BluSmart suspended its ride-hailing operation. A day later, in an email to its customers, the company said it would initiate a...
- Eversource makes Rs 1,200 crore offer for BluSmart, but deal clouded by Gensol probeEversource’s offer may not result in a deal due to probes at BluSmart’s sister concern Gensol; Eversource may directly negotiate with lende...
- BluSmart crisis: Green mobility’s red flag is giving HNIs bond bluesThe bondholders’ concerns stem from cash-strapped BluSmart’s failure to raise $50 million in a fresh round and an ongoing probe by markets ...
- BluSmart bond holders may invoke immediate repayment provisionsBluSmart Mobility, which raised approximately Rs 100 crore through non-convertible debentures (NCDs) from high-net-worth individuals and re...
- Who are the Jaggi brothers—and how did Gensol, BluSmart get here?India’s markets regulator Sebi has accused BluSmart founders Anmol and Puneet Singh Jaggi of diverting funds from their listed firm Gensol ...
- Aman Gupta on BluSmart crisis: A 'much-needed reality check' for the startup ecosystemFollowing BluSmart's crisis, Aman Gupta addressed the startup ecosystem, highlighting the importance of ethics and compliance. He acknowled...
- End trip for BluSmart? Behind the EV ride-hailing company’s deepening crisisGensol’s debt crisis forces it to sell 3,000 EVs, impacting BluSmart, which faces declining rides and competition from Rapido. Leadership e...
- EV ride-hailing company BluSmart raises $24 million in fundingThe funding round saw participation from BluSmart’s own investors, Zurich-based climate finance firm ResponsAbility Investments, cricketer ...
- Ride-hailing startup BluSmart to raise Rs 200 crore in new fundingBluSmart has raised nearly $24 million or Rs 200 crore in its latest funding round. In January this year, BluSmart had raised $25 million, ...
- Switzerland-based responsAbility to invest USD 25 mln in BluSmartThe investment will support BluSmart in expanding its EV charging infrastructure across India. BluSmart, which operates Southeast Asia's la...
- BluSmart raises $25 million in mix of debt and equity from ResponsAbilityIndian EV ride-hailing platform BluSmart has raised $25 million from ResponsAbility to expand its EV charging infrastructure. The investmen...
- BluSmart Mobility unveils new pricing policy for rush, relaxed hoursThis is BluSmart's first move away from having no differential fares, which it has marketed as a unique selling proposition against larger ...
- EV ride-hailing startup BluSmart raises $24 millionThe funding was in the form of a rights issue, and has not seen participation from new investors. The round also saw BluSmart’s founders in...
- BluSmart crosses annual revenue run rate of Rs 400 croreOperating in Delhi-NCR and Bengaluru, BluSmart has achieved a milestone of 5,000 electric vehicles (EVs). It has also set up over 3,900 EV ...
- Founder buys investor Mayfield’s stake in EV startup BluSmart for Rs 32 croreThe six founders now own over 30% stake in the electric mobility firm.
- All-electric ride hailing platform , BluSmart raises $7 million in pre-series A fundingThe startup plans to add more electric cars and charging stations on its all electric ride-sharing platform in 2021. Recently, the company ...
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