BluSmart delays March salaries amid cash flow constraints

The all-electric ride-hailing startup has informed the employees that the pending salaries will be cleared by the end of April.

07 April, 20254 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Internet
Story image

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.

Internet
Story image

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.

Internet
Story image

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.