ED Detains BluSmart Co-Founder Over Gensol Links
Puneet Jaggi, co-founder of EV cab startup BluSmart and the Gensol Group, was detained by the Enforcement Directorate (ED) at the Delhi Hotel in connection with a case involving alleged violations of the Foreign Exchange Management Act (FEMA). According to the sources, Jaggi has been staying in a hotel for the past week. The ED’s…
ABHYUDAYA MITTAL
Gensol Engineering Faces Scrutiny After SEBI’s Order
The Ministry of Corporate Affairs (MCA) has announced that it will take necessary actions against Gensol Engineering following the recent order by the Securities and Exchange Board of India (SEBI). Last week, the Securities and Exchange Board of India (SEBI) banned the company’s promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, from the stock market…
Shipra Prajapati
Eversource Capital in Talks to Takeover BluSmart for ₹850 Cr
Blusmart, an Indian ride sharing company is in advanced talks to get acquired by Eversource Capital for ₹850 crore with a non-binding offer by investment firm and expected to take up a final decision within next two weeks. BluSmart is one of the largest Indian ride sharing companies with a vast network that had …
Abdullah Ansari
How BluSmart Beat Competition for Cab-Hailing Business?Â
If we talk about the mobility segment in 2024, BluSmart Mobility stands out with its mission to Decarbonise mobility and extend the era of electric vehicles in India. It was set up in 2019 Gurgaon under the founding team of Anmol Singh Jaggi, Punit K Goyal, and Puneet Singh Jaggi. As India’s cab sector desperately…
