BluSmart Mobility is grappling with a cash crunch, which caused the electric cab-hailing startup to default on INR 30 Cr of debt in early February
While BluSmart cleared its debt over the weekend, the Delhi NCR-based company now has to persuade the debenture holders not to declare a cross-default against it
This comes amid reports that BluSmart was in the middle of raising $50 Mn (about INR 434 Cr) in its Series B funding round
Electric cab-hailing startup BluSmart Mobility is reportedly grappling with a cash crunch,…