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OpenAI • 3m
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... • 2m
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
See MoreYour partner from St... • 1m
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... • 1m
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
See MoreFounder And CEO Of F... • 7m
"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 MoreHammer it until you ... • 1m
🚀 3 AM. Coffee Cold. Burn Rate Unknown. It was the third time that week I asked myself: "Where’s all the cash going?" We were building a startup with passion. Clients were trickling in. Revenues were rising. But somehow — the bank balance told a di
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 MoreEntrepreneur | Build... • 2m
Wait What ?? Thats Smart Move 🔥 Climate-focussed PE firm Eversource Capital is in talks to acquire BluSmart, which is in trouble following the crisis at its related entity Gensol, sources told Inc42. Eversource has offered to acquire the EV ride-
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