Over the past year, multiple new-age ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/fintech-platforms” target=”_blank”>fintech platforms facilitated the sale of nearly Rs 100 crore worth of ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/blusmart-mobility” target=”_blank”>BluSmart Mobility bonds to retail investors and high net-worth individuals (HNIs), who are now facing repayment uncertainty as the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/electric-cab-hailing” target=”_blank”>electric cab-hailing platform’s operations have come to a standstill.
The bondholders’ concerns stem from cash-strapped BluSmart’s failure to raise $50 million in a fresh round and an data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/how-jaggis-misled-investors-lenders-while-being-cleantech-poster-boys-for-blusmart/articleshow/120391024.cms” data-type=”tilCustomLink” target=”_blank”>ongoing probe by markets regulator Sebi into Gensol Engineering—promoted by BluSmart’s cofounder Anmol Singh Jaggi, said…
