We are almost there ...
Exclusive: The silent shutdown of Gensol’s shadow empire
From Wayo Logistics to All Things Luxury, several startups have collapsed abruptly because of the financial crisis facing Gensol, leaving hundreds of employees stranded without salaries.
10 April, 2025•17 min
0
10 April, 2025•17 min
0
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
More in Internet
Internet
Zepto looks unsettled
The instant commerce startup has grown too fast and seems to be undergoing chaos of late. Up against several well-funded, entrenched players, it needs to get its house in order.
You may also like
Internet
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
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
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.