The all-electric ride-hailing startup has informed the employees that the pending salaries will be cleared by the end of April.
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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.
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.
Marred by multiple challenges, BluSmart, once a star of the Gensol universe, has become a black hole.