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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Marred by multiple challenges, BluSmart, once a star of the Gensol universe, has become a black hole.
Yesterday, The Morning Context wrote about how the situation at Gensol Engineering has gone from bad to worse and why its investors and board need to wake up and save the business. Read the story here to understand the many blunders Gensol has made that have finally caught up with the company. There’s one issue that sticks out: the case of BluSmart, a company that Gensol’s shareholders have been funding while they don’t own any of it. Worse, this business is in a shambles.
Founder Anmol Jaggi has used Gensol, a publicly listed company, to prop up his personal electric …
