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.
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.
