In July 2024 EV cab service BluSmart raised Rs 200 crore in funding from new investors like ex-India cricket team captain MS Dhoni and Responsability Investments, a private banking firm from Switzerland. That round took total funding since December 2023 to around Rs 710 crore. It also marked the completion of the Gurugram-based company’s pre-Series…
Gensol Engineering, a leading participant in India’s clean-tech revolution, is now under regulatory scrutiny for financial irregularities and malpractices. The Securities and Exchange Board of India (SEBI) has barred its promoters – Anmol Singh Jaggi and Puneet Singh Jaggi – from the securities market. The action follows allegations that the duo diverted funds meant for…
New Delhi: BluSmart, the fast-rising cab company with an all-electric fleet, has started suspending its operations, leaving thousands of users in cities like Delhi, Bengaluru and Mumbai, in a flap. The service abruptly stopped operating following a Securities and Exchange Board of India (SEBI) order against its promoters in a loan fraud case. BluSmart may…
