Back

BluSmart's 250+ Cr SCAM. BluSmart, founded by Anmol & Puneet Jaggi exposed by SEBI. SEBI exposed SCAM in the listed company GENSOL, which was founded by the founders of BluSmart. It's like GENSOL = BluSmart. GENSOL owned the half of BluSmart's flee

Gensol is facing additional challenges as its lenders, Power Finance Corporation (PFC) and the Indian Renewable Energy Development Agency (IREDA), are reportedly preparing to initiate legal proceedings to recover outstanding loans from the EPC compan

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

Blusmart founder’s 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 🙏🙏 While that’s making much noise, I am not as enthused about it for two reasons

Ok, Physics Wallah has filed its DRHP (Draft Red Herring Prospectus) with SEBI (Securities and Exchange Board of India) for ₹4600 crore, which will include some fresh issues and some offers for sale.

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

The BluSmart Saga In yesterday's post I explained about the latest Start up scandal of india and here I present you with further details about the BluSmart scandal And remember that Gensole is supporting BluSmart despite having no economic interest

Hello Medial Family and VCs, Following the fall of BluSmart and as part of our revised strategy, we’ve decided to enter the Delhi-Noida market with a hybrid fleet model — combining both EVs and CNG cabs. If anyone from this field, or any VC interes

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

A new, sustainable rideshare platform that is leaving behind Ola and Uber. 𝗶𝘁𝘀 𝗕𝗹𝘂𝗲𝘀𝗺𝗮𝗿𝘁 !! 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