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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-hailing startup for around INR 800 Cr to INR 1,000 Cr ($90 Mn to $120 Mn), the sources added. This would be a decline of about 60% from BluSmart's last known valuation of $300 Mn. Following the acquisition, the PE firm plans to merge BluSmart with its portfolio startup Lithium Urban Technologies. It will infuse around $100 Mn in
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Playbook Partners To Infuse $20 Mn Each In 12-15 Startups Over 2 Years Choudhury told news agency PTI that the firm will focus on companies with over INR 100 Cr turnover across sectors such as SaaS, ecommerce, healthtech, among others He also said
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Indore-based Shuru, a hyperlocal community app launched by Roposo cofounder Mayank Bhangadia, has raised INR 29 Cr (around $3.37 Mn) in a funding round led by South Korean gaming major KRAFTON’s India arm, with participation from Omidyar Network Indi
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Electric cab-hailing startup BluSmart Mobility is reportedly grappling with a cash crunch, which caused the Delhi NCR-based company to default on INR 30 Cr of debt in early February. 🔰 BluSmart, which is in the middle of raising about INR 434 Cr in
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Ice cream brand Hocco has raised $10 Mn (INR 85.56 Cr) as a part of its $20 Mn (INR 171.28 Cr) Series B funding round. The round was co-led by Chona family office and Sauce.vc The company plans to use the fresh capital primarily to expand its produc
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B2B ecommerce company IndiaMART InterMESH Limited has completed the buyout of SaaS startup Livekeeping Technologies through a secondary deal worth INR 26.78 Cr ($3.1 Mn). It must be noted that IndiaMART initially acquired a majority 51.09% stake in
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