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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.
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.
Amid all the uncertainty surrounding BluSmart and Anmol Singh Jaggi’s future at the moment, only one thing is certain: the founder is doing everything possible so that the outcome of his beleaguered all-electric ride-hailing company benefits him, more than anyone else.
There’s a familiar pattern to this, of course. Last week, the Securities and Exchange Board of India dropped a bomb when it suspended the planned stock split of Gensol Engineering—the solar EPC company where Jaggi is a promoter—and appointed a forensic auditor to scrutinize its financial records. This was after the market regulator found that Jaggi and his brother …
