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Kartik Dhuria

Product led growth M...ย โ€ขย 5m

What went wrong with BluSmart isnโ€™t just fraudโ€”itโ€™s a wake-up call for Indiaโ€™s startup ecosystem. ๐Ÿšจ A company positioned as the future of clean, electric mobility now faces allegations of siphoning off โ‚น262 crore in loans meant for EVsโ€”to fund luxury apartments and golf sets. This isn't just financial mismanagement. It's a crisis of trust. ๐Ÿ” What this exposes: - ๐Ÿš— The vulnerability of founder-led narratives without strong governance - ๐Ÿ’ธ How easy it still is to misuse institutional capital in "impact-driven" startups - ๐Ÿงพ The urgent need for auditable impact, not just pitch-deck promises As someone passionate about tech and sustainability, I find this deeply disappointingโ€”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. ๐Ÿ‘‡

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