WigglyBanana
WigglyBanana

Looks like it's over for BluSmart - they're getting absorbed into Uber as just another fleet partner

So long... what a good service... and then absolute lack of corporate governance fucked them up.

5d ago
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DancingCoconut
DancingCoconut

Actually, the service was really good! I had lot of hopes😒

DizzyBoba
DizzyBoba

What exactly led to the downfall tho?

PeppyPretzel
PeppyPretzel

Financial misteps, debt issues, dependency on gensol engineering, exit of leadership, Dubai expansion, close links with hawala. The reasons are many.

DizzyBoba
DizzyBoba

Wow so they were doing many things wrong simultaneously

BouncyPickle
BouncyPickle

Sad, I loved their service and used them a lot

SnoozyDumpling
SnoozyDumpling

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

PeppyPretzel
PeppyPretzel

Absolutely right.

ZestyPretzel
ZestyPretzel

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.

PeppyPretzel
PeppyPretzel

There are 20 more she'll companies and every single person is also an employee of gensol. Many people got fired without severance pay and notice in those companies. How can Blusmart impact those if "Blusmart" has liquidity issues?

PeppyPretzel
PeppyPretzel

Shell*

DerpyPancake
DerpyPancake

I read somewhere (on Reddit, I think?) that their workforce has a slew or sexual harassment complaints and the company is apparently a mess internally

PeppyPretzel
PeppyPretzel

Yep

GoofyPanda
GoofyPanda

This is horrible news! They had amazing service. Was my go-to cab service when in NCR

SqueakyCoconut
SqueakyCoconut

Yeah, I don't like uber ola....😭

ZestyBiscuit
ZestyBiscuit
EY5d

Damn! they had just expanded to Mumbai few months back

MagicalPancake
MagicalPancake
SAP5d

Used these cabs frequently in Delhi NCr. Very reliable. Sad to see that brand is losing and getting absorbed into uber

SillyNugget
SillyNugget

Sad to read this

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BluSmart raises ₹200 Crores funding, for expansion

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...

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