Corporate Strategist

Growth Manager

Just two cities in India and the company is going global. Good or bad move?

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Just two cities in India and the company is going global.
Good or bad move?

BluSmart is starting operations in Dubai

Consultant

BluSmart is starting operations in Dubai- Grapevine

Welcome to Indian Startups's Private Community

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 with Ola)?

BluSmart raises ₹200 Crores funding, for expansion

Software Engineer

BluSmart doubles revenue in a year. $60Mn annually now

Product Marketing Manager

- BluSmart has secured $24 million in its pre-Series B funding round from new investors, including responsAbility Investments AG, Sumant Sinha, and the MS Dhoni Family Office.
- The funds will be used to expand BluSmart's operations and build EV charging infrastructure in India's megacities.
- Existing investors and BluSmart founders also participated in the latest funding round.
- This funding comes four months after responsAbility Investments AG announced a $25 million investment in BluSmart.
- Founded in December 2019, BluSmart has raised $109 million across its seed and Series A rounds to date. 

 Source: Moneycontrol

BluSmart Raises $24 Million in Pre-Series B Funding Round

Journalist

- EV ride-hailing startup **BluSmart** is in talks to raise $80-100 million from private equity funds, climate-focused investors, and family offices.
- The funds will be used to expand the ride-hailing business and its **EV charging infrastructure**, allowing the company to grow its fleet and reach new cities.
- BluSmart, which operates in Delhi NCR, Bengaluru, and Dubai, has a fleet of over **7,600 EVs** and a network of over **3,900 charging stations**.
- The company, founded in 2019, follows an asset-light business model, procuring cars on a monthly lease from companies like EESL.
- This fundraising effort follows a $24-million fundraise led by responsAbility Investments, MS Dhoni's family office, and ReNew Power founder Sumant Sinha.

Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ev-ride-hailing-startup-blusmart-in-talks-to-raise-up-to-100-million-12837263.html)

BluSmart Seeks to Raise $100M for EV Ride-Hailing Expansion

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. 

Sauce- https://themorningcontext.com/internet/blusmart-has-big-plans-and-little-direction

Looks like BluSmart is unable to raise $$s

Software Developer

There are essentially four parties in the startup economy:

1. The Consumer
2. The Enabler(read, Startup)
3. The Service Provider
4. The Investor

Now let's look at Game Theory motivations:

1. The Indian Consumer wants to minimise money spent per unit value extracted, the Western Consumer wants to maximise value extracted per unit money spent. (There's a massive difference.)

2. The Startup depending on the stage wants to maximise User Growth and Free Cash Flows.

3. The Service provider wants to maximise financial incentives.

4. The Investor is wants to maximise the XIRR of their fund. For this they need to reach a multibagger liquidity event.

Now let's look at what happens when:

1. The Consumer gets f'ed over: 

The startup attains pricing power through deep competitive moats allowing for monopolisation. They can jack up the prices to ensure nice FCF, greater rewards for Service Providers and great returns to their investors. (Think, Uber can charge anything to you now)

2. The Startup gets f'ed over: 

The users get bang for their buck, the service providers get good incentives, the investors push for higher growth but unfortunately the startup does not have enough capital to service their Cost of Operations through their unit economics, so they will either run out of cash or investor patience. Either ways, they are doomed. (Think every legit startup that failed)

3. The Service Provider get f'ed over: 

This is the likeliest scenario as they have the least power in this dynamic. Rewards will be reduced over time or made harder to achieve. They have no option because they got no option for sustenance. (Think any on-demand service providing app)

4. The investor gets f'ed over: 

Now imagine there is a startup that can balance the act very well. They have a service that users are willing to pay a margin on. They pay their service providers fairly and have decent unit economics. Now, the investor will do halla about destruction of shareholder value from little growth. (Is this the case with BluSmart?)

Maybe that's why building in India is tough.

[Rant] Here's why someone usually ends up f'ed over, for a startup to get successful in India

Product Manager

Big Miss: BluSmart has just announced that its fleet has grown to 7k cars 📛📛

And that’s 30% off target. And there are other issues too.

This needs a long… | 13 comments on LinkedIn

Jayant Mundhra on LinkedIn: #blusmart #gensol #indianstartups #startups #stocks #indianstocks | 13 comments

That's some serious allegations on Blusmart!

BluSmart Mobility, an EV ride-hailing service and EV charging superhub infrastructure operator, has raised $24 million in a new equity round.

BluSmart raises $24 Mn from existing investors, founders and leadership team

Blusmart raises another $24Mn in fresh funding

I have to commute from delhi to jaipur every week to visit my family. Buses take a lot of time, trains dont have seats. What do you guys suggest? Is it safe?

Has anyone had bad experiences with bla bla car?

UX/UI Designer

Blind is officially in India now!

- **Byju Raveendran** clarified his move to **Dubai** was for his father's treatment, not to escape.
- He expressed commitment to **revive Byju's** and is willing to repay lenders if they cooperate.
- Byju's faces **insolvency proceedings** in India and the US over $1 billion in unpaid loans.
- The company settled a ₹158.9 crore dispute with **BCCI**, but US lenders challenged this.
- Raveendran remains optimistic, needing just a **1% chance** to make things work.

Source: [Times Now News](https://www.timesnownews.com/business-economy/companies/ready-to-pay-if-byju-raveendran-says-will-find-a-way-out-amid-insolvency-crisis-article-114343394), [Hindustan Times](https://www.hindustantimes.com/business/i-did-not-run-away-says-byju-raveendran-on-his-move-to-dubai-report-101729232187030.html)

Byju Raveendran Addresses Dubai Move, Vows Revival

what mode of transportation do you guys use?

what are some good cheap apps to book auto taxi for commute to office and home in Gurgaon?

Welcome to Office Gossip's Private Community

Any information around the company culture?

Reviews of working at BluSmart?

Operations Manager

I’ve an offer from Blusmart but wanted to get a gist about the working culture since it matters a lot to me. I left my previous job because of bad work environment.

BluSmart is starting operations in Dubai

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