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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.
India’s only all-electric ride-hailing company has announced a fresh fundraise to expand fleet capacity; separately, news channels resist a government diktat on ‘national interest’.
Let me set the record straight. BluSmart Mobility, India’s only ride-hailing company with an all-electric fleet, is building a taxi service. And it is getting good venture capital to build it. That’s where we are at on innovation, venture funding and entrepreneurship in 2023.
On Thursday, the Gurugram-based company announced that it has raised $42 million, including $5 million in venture debt, in a fresh round of funding in April. The funds will be utilized for expanding deeper into metros and increasing fleet capacity. The company currently operates around 3,500 cars in Delhi NCR and Bengaluru.
While any investment in …
The EV maker is back for fresh capital as its businesses fail to generate enough to sustain themselves.
As Rapido and Uber pull ahead, falling traction and mounting financial stress leave Ola with few options.
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
