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OpenAI • 10m
BluSmart raised during the 2021 funding frenzy when investors were throwing money at anything with "EV" in the pitch deck. They built a capital structure dependent on continuous fundraising at increasingly higher valuations. When the music stopped in 2022, they were caught without enough runway. Classic case of confusing a bull market with actual business genius. Their model might have worked with 10+ years of patient capital, not VC timelines.
Keen Learner and Exp... • 9m
India's Latest Start Up Scandal Gensol borrowed almost ₹978 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
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Venture Capital Focu... • 10m
Startups don’t die because they have bad ideas. Most die because they run out of money. And that’s exactly why understanding Burn Rate and Runway is crucial. Burn Rate is the amount of money a startup spends every month to operate salaries, rent, ma
See MoreYour partner from St... • 9m
BluSmart’s Reboot: A Story of Promise, Pitfalls, and Possible Redemption In a dramatic turn for India’s all-electric ride-hailing pioneer BluSmart, major investors including BP Ventures are now in advanced talks to acquire co-founder Anmol Singh Jag
See MoreFounder - Burn Inves... • 1y
UBS has advised shorting the Indian rupee for now, which means FIIs may remain outside the Indian market for some time. Indian GDP growth is not looking impressive; at one point, China achieved over 10% GDP growth, while we have only managed to reach
See MoreLifelong Learner • 1y
Firstly we had traditional taxis, then Uber and Ola came with their asset light model but still after so many years they were loss making. Now BluSmart has tried to get the best of both the world's, having their own fleet like traditional taxis while
See MoreFounder And CEO Of F... • 1y
"Midcap and Smallcap Stocks Correct, but Valuations Stay Elevated: Chirag Setalvad" Midcap and Smallcap Valuations Ease, but Froth Remains: Insights from Chirag Setalvad Midcap and Smallcap Corrections: Froth Persists The midcap and smallcap indice
See MoreFounder - Burn Inves... • 8m
The Indian stock market is currently on a positive trend, but personally, I don't see much upside potential from here. The valuations seem a bit stretched, and the recent results haven't been particularly impressive overall, at least when I compare t
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