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From Green Promise To Crisis: BluSmart Faces SEBI Heat; Deepika Padukone, Dhoni, Ashneer Grover Among High-Profile Backers

Business Today · 1m

BluSmart, an electric cab service, is under SEBI scrutiny for alleged financial misconduct. Co-founder Anmol Singh Jaggi is accused of misusing funds intended for electric vehicles to buy a luxury apartment, leading to operational halts in major cities. Despite investments from celebrities like Deepika Padukone and MS Dhoni, along with a $3 million angel round and a $24 million pre-series B round, the financial impropriety led SEBI to investigate further.