
Looks like BluSmart is unable to raise $$s
BluSmart’s fundraising has stumbled well below its $250 million target.
With investors backing off at the last moment and fresh funding looking difficult, it now seems an impossible task.

So long... what a good service... and then absolute lack of corporate governance fucked them up.
Actually, the service was really good! I had lot of hopes😒
Sad, I loved their service and used them a lot
This will be the story of most indian startups because most also suffer from corporate governance thanks in large parts to the brainless vulture of Venture Capitalists in India who don't bring much to the table other loan shark like mentality and money
Absolutely right.
Looks like another clickbait news. I have been in touch with relevant sources and understand that they are facing liquidity issue to service debts and in talks to raise funds under discounted valuation.
Damn! they had just expanded to Mumbai few months back
Used these cabs frequently in Delhi NCr. Very reliable. Sad to see that brand is losing and getting absorbed into uber
Sad to read this
BluSmart’s fundraising has stumbled well below its $250 million target.
With investors backing off at the last moment and fresh funding looking difficult, it now seems an impossible task.
Honestly, I have never used a BluSmart. But my friends who have used it just don't stop going gaga over it.
Do you guys think BluSmart will make it big and disrupt premium rides segment or will Uber eventually win here as well(as it did...
There are essentially four parties in the startup economy:
Now let's look at Game Theory motivations:
This is exactly how it is. Indian consumers lack the purchasing power to pay higher margins on goods and will often r...