blusmart
10 ARTICLES
Exclusive: Anmol Singh Jaggi’s cast of dubious characters
Ghost directors, family members on the payroll and shadow operators—inside the tangled web of power and money at BluSmart and Gensol.
13 May 2025
Exclusive: How Anmol Singh Jaggi kept bp Ventures in the dark
A letter from one of BluSmart’s largest investors reveals how the ride-hailing startup’s promoters withheld critical information from the shareholders and the board while providing consistently inaccurate financial forecasts.
21 Apr 2025
BluSmart’s messy endgame helps no one but Anmol Singh Jaggi
With his back to the wall, the founder is exploring options that could benefit him much more than others. Even at the expense of the customers, investors, vendors and employees.
20 Apr 2025
Exclusive: The silent shutdown of Gensol’s shadow empire
From Wayo Logistics to All Things Luxury, several startups have collapsed abruptly because of the financial crisis facing Gensol, leaving hundreds of employees stranded without salaries.
10 Apr 2025
BluSmart’s desperation could be Uber or anyone else’s gain
In the face of a severe liquidity crunch and CXO exits, the electric ride-hailing company is exploring the option of trading its brand equity for survival.
27 Mar 2025
BluSmart’s CEO, top executives exit amid a financial crisis
The electric ride-hailing company, propped up by the listed Gensol Engineering, has been left reeling after the crisis at its benefactor. A fire sale of assets could be its only ticket to survival.
24 Mar 2025
Anmol Jaggi’s private dalliance with BluSmart is bringing down Gensol
Marred by multiple challenges, BluSmart, once a star of the Gensol universe, has become a black hole.
12 Mar 2025
BluSmart’s latest fundraise plan is an investment nightmare
Anmol Singh Jaggi’s all-electric taxi startup has resorted to crowdfunding but the math doesn’t work. Separately, Triton EV is back with another MoU without much action; and Byju Raveendran’s PR smokescreen.
07 Dec 2023
BluSmart founder Anmol Jaggi’s plan to make EVs is pure flight of fancy
A big bang announcement to manufacture electric cars and multiple rollout deadlines later, his publicly listed Gensol Engineering has little to show for except a tadpole-like three-wheeler that is yet to prove itself.
28 Nov 2023
BluSmart has big plans and little direction
The four-year-old all-electric taxi startup wants to become an on-demand ride-hailing service and take on the Uber-Ola duopoly. The only problem is that it doesn’t have the fleet size, big investors or a clear business model.
13 Nov 2023