Back

Chirag

Founderย โ€ขย 25d

BluSmart Shake-Up: Bold Move or Red Flag? Imagine booking your daily ride, trusting BluSmartโ€™s commitment to sustainable mobilityโ€”then suddenly, the CEO, CBO, CTO, and VP of Experience all resign. At the same time, BluSmart transfers 3,000 EVs to Refex Green Mobility under a โ‚น315 crore loan deal. The company says itโ€™s streamlining operations to achieve profitability in 6-8 quarters. But does this signal a smart pivot or deeper financial troubles? โ€ข As a customer, should you be worried about service quality? โ€ข As an investor, is this strategic or a warning sign? Leadership changes can be a turning point or a red flag. Which one is this? Letโ€™s discuss. #BluSmart #EV #LeadershipChanges #Startups #SustainableMobility

0 replies3 likes

More like this

Recommendations from Medial

Jayant Mundhra

ย โ€ขย 

Dexter Capital Advisorsย โ€ขย 21d

I wish media had reported why Blusmart/Gensolโ€™s recent deal with Refex was called off 3 days ago ๐Ÿ™๐Ÿ™ Almost a lakh Gensol public shareholders and the many bondholders of Blusmart deserve answers. While the company has not shared the reason for canc

See More
0 replies11 likes
1

Divyansh

Full Stack Developerย โ€ขย 11m

End sems are a big red flag. They always break my web dev consistency! But I am still managing to build projects in it while in exam season.

0 replies3 likes
Image Description

Armaan Nath

Startups | Productย โ€ขย 11m

BluSmart - Revolutionizing Sustainable Mobility in Indiaโšก BluSmart is an Indian startup that aims to revolutionize the urban mobility sector by providing eco-friendly transportation solutions. Founded in 2019 by Anmol Jaggi, Punit K Goyal, and Punee

See More
1 replies16 likes
Image Description

Chirag

ย โ€ขย 

&OTHERSย โ€ขย 3d

Medikabazaar. BluSmart. Whoโ€™s next? Two major Indian startupsโ€”one in healthtech, one in EV mobilityโ€”are now at the center of financial misconduct. Medikabazaar is facing a โ‚น279 Cr indemnity claim after forensic audits revealed inflated revenues and

See More
1 replies4 likes
Image Description

Nawal

Hope , I can Help yo...ย โ€ขย 1m

Electric cab-hailing startup BluSmart Mobility is reportedly grappling with a cash crunch, which caused the Delhi NCR-based company to default on INR 30 Cr of debt in early February. ๐Ÿ”ฐ BluSmart, which is in the middle of raising about INR 434 Cr in

See More
2 replies16 likes
2

Poosarla Sai Karthik

Tech guy with a busi...ย โ€ขย 4d

So hereโ€™s what went wrong with Gensol & BluSmart. The founders, Anmol and Puneet Singh Jaggi, raised a fat โ‚น978 crore in loans from IREDA and PFC. The money was supposed to be used to build an EV fleet for BluSmart. But guess what? Only 4,704 EVs wer

See More
0 replies11 likes
1

Sanskar

Keen Learner & Explo...ย โ€ขย 4d

India's Latest Start Up Scandal Gensol borrowed almost โ‚น978 crore to rent electric vehicles (EVs) to BluSmart. And the interesting fact here is that Gensol has no direct equity or ownership interest in BluSmart as a distinct legal entity. Gensol do

See More
0 replies8 likes
1
Image Description
Image Description

vishakha Jangir

ย โ€ขย 

Set2Scoreย โ€ขย 1m

A new, sustainable rideshare platform that is leaving behind Ola and Uber. ๐—ถ๐˜๐˜€ ๐—•๐—น๐˜‚๐—ฒ๐˜€๐—บ๐—ฎ๐—ฟ๐˜ !! Today, while traveling with BluSmart during my marathon, I had a conversation with the driver, and he literally helped me with my content by sha

See More
3 replies22 likes
4
Image Description
Image Description

Vishu Bheda

ย โ€ขย 

Medialย โ€ขย 3m

Peter Thiel on a common red flag he sees in startup pitches Peter Thiel highlights a common mistake founders make: listing multiple ways their startup can make money without a clear focus. He explains that when someone presents five potential reven

See More
8 replies19 likes
4
Image Description
Image Description

Tuhin Subhra Biswas

Social Media Growth ...ย โ€ขย 11m

The best way to get hired by your desired company or startup is to create a compelling ad or reel that highlights their features or demonstrates how you've been influenced by their products or services. A creator/founder named @VyomBhatia made a re

See More
8 replies6 likes
1

Download the medial app to read full posts, comements and news.