How the BluSmart fiasco puts BP Ventures in a bind

April 21, 2025

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Synopsis

BluSmart’s minority stakeholders desperately hope the largest investor in the company, BP Ventures, will take the lead in the distress sale process. The collapse of BP Ventures’ first and largest investment in India is a major setback and could influence its future strategy in the country. The corporate VC, which has deployed USD1.2 billion across 75 companies globally, has half a dozen investments in India.

BluSmart’s collapse under the weight of corporate-governance lapses at Gensol Engineering has cast a shadow over BP Ventures’…

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