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 … Read more
BluSmart, India’s first all-electric cab service, has suspended operations in Delhi, Bengaluru and Mumbai after a SEBI order against one of its co-founders in an affiliated loan fraud case. The sudden shutdown left users felt stranded. An X user wrote, “As a frequent BluSmart user, the news of the service shutting down hits hard. Another … Read more
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 … Read more
New Delhi: Gensol Engineering promoters and brothers Anmol and Puneet Singh Jaggi resigned from their directorial roles, the Economic Times reported. This followed a Securities and Exchange Board of India (SEBI) order against the company in a loan fraud case and the halting of services of another electric-cab-hailing company co-founded by Anmol Singh Jaggi. The … Read more