BluSmart’s Fire Sale Next, Startup Funding Tanks & More

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BluSmart Stares At A Fire Sale

Climate-focussed PE firm Eversource Capital is in advanced talks to acquire the troubled EV ride-hailing startup BluSmart for INR 800-1,000 Cr ($90-120 Mn) — a 60% discount from its last known valuation of $300 Mn.

What’s On The Cards? Along with acquiring BluSmart, Eversource Capital plans to clear all its liabilities, including pending employee salaries — of course, if the deal goes through. 

The private equity firm plans to merge BluSmart with its existing EV portfolio company, Lithium Urban…



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BluSmart’s Fire Sale Next, Startup Funding Tanks & More


BluSmart Stares At A Fire Sale

Climate-focussed PE firm Eversource Capital is in advanced talks to acquire the troubled EV ride-hailing startup BluSmart for INR 800-1,000 Cr ($90-120 Mn) — a 60% discount from its last known valuation of $300 Mn.

What’s On The Cards? Along with acquiring BluSmart, Eversource Capital plans to clear all its liabilities, including pending employee salaries — of course, if the deal goes through. 

The private equity firm plans to merge BluSmart with its existing EV portfolio company, Lithium Urban…



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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