BluSmart’s ride into the sunset: Timeline of events at the cab-hailing EV firm

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Cash-strapped electric cab-hailing startup BluSmart is riding through a rough patch. ET reported on Monday that the startup is planning to exit its core ride-hailing business and operate as a fleet partner of Uber.

Here’s a timeline of key events of the company.

January 2019: BluSmart Mobility was founded by Anmol Singh, Punit K Goyal and Punet Singh Jaggi in Gurugram.

July 2019: The startup raised $3 million in angel funding, in a round led by Jito Angel Network, Hero MotoCorp, Micromax, the office of Deepika Padukone and a few other investors.

July…



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BluSmart’s ride into the sunset: Timeline of events at the cab-hailing EV firm


Cash-strapped electric cab-hailing startup BluSmart is riding through a rough patch. ET reported on Monday that the startup is planning to exit its core ride-hailing business and operate as a fleet partner of Uber.

Here’s a timeline of key events of the company.

January 2019: BluSmart Mobility was founded by Anmol Singh, Punit K Goyal and Punet Singh Jaggi in Gurugram.

July 2019: The startup raised $3 million in angel funding, in a round led by Jito Angel Network, Hero MotoCorp, Micromax, the office of Deepika Padukone and a few other investors.

July…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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