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Crisis-Hit BluSmart’s App Breaks Down

  • BluSmart, an EV ride-hailing startup, has faced app issues after suspending cab booking services in April.
  • The app is crashing on both Android and iOS with a 'something went wrong!' message.
  • BluSmart didn't officially terminate its 800 employees after suspending operations, leaving them in limbo for salaries.
  • The app shutdown may be linked to the departure of the software team due to lack of work and pending salaries.
  • More than 10,000 drivers lost their jobs due to the abrupt suspension of operations by BluSmart.
  • Customers with money in BluSmart wallets are facing issues, with promised refunds delayed until July 18.
  • SEBI's interim order implicated the Jaggi brothers, founders of Gensol Engineering, in misleading practices.
  • The National Company Law Tribunal issued insolvency notices to BluSmart Mobility and Gensol Engineering.
  • Creditors like Spectrum Trimpex, Catalyst Trusteeship, and Equentia Financial Services have claims against BluSmart.
  • Despite reports of potential acquisition and investment plans, BluSmart's future remains uncertain.

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