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Nawal

Entrepreneur | Build...ย โ€ขย 20d

Wait What ?? Thats Smart Move ๐Ÿ”ฅ 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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