Audit shadows BluSmart’s books; Zomato rejigs top deckHappy Thursday! BluSmart faces a forensic audit as losses mount. This and more in today’s ETtech Morning Dispatch.
24 Apr, 2025, 07.47 AM IST
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...
24 Apr, 2025, 12.02 AM IST
BluSmart faces audit; Ather's investor gainsBluSmart’s board has appointed Grant Thornton to audit the cash-strapped company’s financials. This and more in today’s ETtech Top 5.
23 Apr, 2025, 07.54 PM IST
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...
23 Apr, 2025, 06.00 AM IST
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...
22 Apr, 2025, 07.12 PM IST
Anmol Jaggi pitched strategic changes at BluSmart ahead of Sebi crackdown on GensolHours before the Sebi interim order unmasking irregularities at Gensol Engineering, BluSmart cofounder Anmol Singh Jaggi wrote to sharehold...
21 Apr, 2025, 02.15 PM IST
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...
21 Apr, 2025, 06.00 AM IST
Sanjeev Bikhchandani on BluSmart: ‘Drivers are worst hit’BluSmart Cabs, an electric mobility startup, shut down abruptly, raising concerns over corporate governance and the impact on gig economy w...
19 Apr, 2025, 09.45 PM IST
Gensol promoters quit board; BluSmart begins shutting operationsThe resignations come after capital markets regulator Sebi has issued an interim order against Gensol Engineering and its promoters — Anmol...
19 Apr, 2025, 11.54 AM IST
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 ...
19 Apr, 2025, 08.00 AM IST
How the Jaggi brothers misled investors and lenders while being cleantech poster boysBluSmart, once celebrated as India's first all-electric ride-hailing service, faces a crisis as promoters Anmol and Puneet Singh Jaggi are ...
18 Apr, 2025, 06.50 PM IST
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...
18 Apr, 2025, 10.42 AM IST
'Tough, sad for those involved': Boat cofounder Aman Gupta reflects on BluSmart’s troublesAman Gupta said incidents like these shake trust in the startup ecosystem and highlighted the importance of strong ethics and compliance. H...
17 Apr, 2025, 11.49 PM IST
BluSmart halts Delhi airport operations amid Sebi heat on promotersEV ride-hailing startup has pulled out of the Delhi international airport amid regulatory scrutiny and potential stake sale to Uber. A pass...
16 Apr, 2025, 10.12 PM IST
BluSmart begins pullback of ride-hailing operationsBluSmart has started suspending its cab services in certain areas of Delhi-NCR, Bengaluru, and Mumbai as it begins transitioning its fleet ...
16 Apr, 2025, 03.42 PM IST
Exclusive: BluSmart may end cab-hailing trip, hit reverse gearElectric ride-hailing startup BluSmart plans to exit its core business and become a fleet partner for Uber, starting with 700-800 cars. Str...
15 Apr, 2025, 09.42 AM IST
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...
29 Mar, 2025, 10.11 PM IST