Published on: 2025-04-25 06:27:28
BluSmart, India’s all-electric cab-hailing startup that was once seen as an emerging rival to Uber, appears to have suspended service in some cities just as the country’s market regulator launched a probe into Gensol Engineering, the publicly listed company that shares two of its co-founders. The cab service, which had been operating in Delhi-NCR, Bengaluru, and Mumbai, no longer shows available slots to many riders in these cities. Delhi Airport also issued an advisory that BluSmart’s service
Keywords: blusmart gensol india jaggi service
Find related items on AmazonPublished on: 2025-04-27 06:24:01
India’s market regulator launched a probe Tuesday into Gensol Engineering after finding alleged misuse of electric vehicle loans. BluSmart, a ride-hailing startup connected to Gensol that was once seen as an emerging Uber rival in the South Asian market, has also been swept up into the investigation. The Securities and Exchange Board of India (SEBI) barred Gensol Engineering’s founders, Anmol Singh Jaggi and Puneet Singh Jaggi, from holding key positions in the public-listed company and partici
Keywords: blusmart company gensol jaggi regulator
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