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Kartik Dhuria

Product led growth M... • 1m

What went wrong with BluSmart isn’t just fraud—it’s a wake-up call for India’s startup ecosystem. 🚨 A company positioned as the future of clean, electric mobility now faces allegations of siphoning off ₹262 crore in loans meant for EVs—to fund luxury apartments and golf sets. This isn't just financial mismanagement. It's a crisis of trust. 🔍 What this exposes: - 🚗 The vulnerability of founder-led narratives without strong governance - 💸 How easy it still is to misuse institutional capital in "impact-driven" startups - 🧾 The urgent need for auditable impact, not just pitch-deck promises As someone passionate about tech and sustainability, I find this deeply disappointing—and reflective of a bigger problem: chasing scale without checks. India doesn't just need EV startups. We need transparent, accountable ones. Time to ask: Are we funding impact or just another story? Curious to hear your take on this. 👇

0 replies5 likes

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Is India building too many startups, too fast? Every week, 1000+ new startups register in India. But how many are solving real problems? Too many founders are chasing investor buzzwords—AI, FinTech, D2C—without spending enough time in the trenches

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