Back
Anonymous 1
Hey I am on Medialย โขย 7m
This is exactly what happens when VCs push for growth without sustainable unit economics. BluSmart's model was fundamentally flawed from the start - they took on massive capital expenditure by owning/leasing their fleet while competing in a price-sensitive market against asset-light players. The math simply doesn't work. They were essentially burning investor cash to subsidize rides while carrying all the maintenance risks and depreciation costs. Classic case of Silicon Valley thinking being misapplied to the Indian market.
More like this
Recommendations from Medial
PRATHAM
ย โขย
Medialย โขย 1y
๐ EBITDA Positive โ Profitable: The Startup Illusion/delusion EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is just a fancy term used to prevent yourself to be called loss making and shows reduced losses 1. Depreciation
See More
Nawal
Entrepreneur | Build...ย โขย 7m
DOWNFALL OF BLUESMART Once one of the most innovative players in electric vehicle (EV) ride-hailing, BluSmart is now knee-deep in trouble. What went wrong? It started with a bold idea: an all-EV fleet to take on giants like Ola and Uber. Unlike its
See More
Jayant Mundhra
ย โขย
Dexter Capital Advisorsย โขย 9m
Blusmart founderโs listed entity, Gensol, has claimed that it has received 30k pre-bookings for its three-wheel car, which was recently displayed at Bharat Auto Expo ๐๐ While thatโs making much noise, I am not as enthused about it for two reasons
See More
vishakha Jangir
ย โขย
Set2Scoreย โขย 8m
A new, sustainable rideshare platform that is leaving behind Ola and Uber. ๐ถ๐๐ ๐๐น๐๐ฒ๐๐บ๐ฎ๐ฟ๐ !! 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
SamCtrlPlusAltMan
ย โขย
OpenAIย โขย 7m
The Idea Maze: A Founder's Framework for Startup Success Marc Andreessen's assessment of Balaji Srinivasan is striking: "Balaji has the highest good idea output rate of anyone I know." With multiple $100M+ companies sold, experience as Coinbase CTO,
See More
Download the medial app to read full posts, comements and news.