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Blusmart in TROULE: Big news is coming out about electric ride Heling Startup Blusmart. This company is now on the verge of closure and is under the scanner of SEBI.
BluSmart In Trouble : Electric ride Heling Startup Blusmart shares have seen a huge decline. The biggest reason for this is to manipulate money on co-founder. As a result, the company is now on the verge of closure and is under the scanner of SEBI. It has closed its cab service, Delhi-NCR, Mumbai and the company is facing economic crisis. Let us tell you that this comparison is known for its green business model, due to which many big veterans have invested.
Which veterans have invested
It is worth noting that in BLUSMART, former Indian team captain Mahendra Singh Dhoni, Bollywood actress Deepika Padukone, Sanjeev Bajaj of Bajaj Capital and former co-founder of Indian Fintech Company India and former judge Ashneer Grover of Shark Tank India have also invested.
Why is the company drowning?
Let us tell you here that the company’s founder Anmol Singh Jaggi and his brother Punit Singh Jaggi are being accused of rigging money. The two brothers who are promoters of the Gensol Engineering Company, they wrongly used loan money taken in the name of Jansol Company and spent more than 262 crore money on luxury things like flat, golf kit, travel with those money. The accounting of this was not found in his investigation. In such a situation, SEBI stopped its promoters from the management of any company and banned the entry in the market.
How much Dhoni invests?
The Blusmart Company has earned $ 24 million in the pre-series B round in 2024. This includes investment from Dhoni’s Family Office, Renew Power CEO Sumant Sinha and Swiss Asset Manager Responsibility Investments. 200 crore rupees were raised in this era, in which Swiss Impact Investor Responsibility and Renew Chairman Sumant Sinha has also been a partner. This investment shows that high-profile investors have been confident in the forward path of Blussmart.
