BluSmart begins pullback of ride-hailing operations
BluSmart has started suspending its cab services in certain areas of Delhi-NCR, Bengaluru, and Mumbai as it begins transitioning its fleet to Uber. This disruption comes amid significant financial challenges and follows a Securities and Exchange Board of India (Sebi) order against Gensol Engineering, which is linked to BluSmart’s co-founder, over alleged misuse of loans.
BluSmart has started suspending its cab services in certain areas of Delhi-NCR, Bengaluru, and Mumbai as it begins transitioning its fleet to Uber. This disruption comes amid significant financial challenges and follows a Securities and Exchange Board of India (Sebi) order against Gensol Engineering, which is linked to BluSmart’s co-founder, over alleged misuse of loans.
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