Blu-Smart - About the company
Blu-Smart is a deadpooled company based in Gurugram (India), founded in 2019 by Puneet Singh Jaggi, Anmol Singh Jaggi and Anirudh Arun. It operates as a Platform offering electric vehicle fleet undergoing corporate insolvency resolution process. Blu-Smart has raised $180M in funding from investors like responsAbility, Lightsource BP and BP Ventures, with last known valuation of ₹*****. The company has 388 active competitors, including 23 funded and 6 that have exited. Its top competitors include companies like Uber, Ola and Meru.
Company Details
Platform offering electric vehicle fleet undergoing corporate insolvency resolution process. An insolvency professional has been appointed to manage the entity. The board of directors' powers are suspended, and management is vested in the resolution professional. Correspondence regarding the corporate insolvency resolution process should be directed to the designated email address.
- Website
- www.blu-smart.com/
- Social
- Email ID
- *****@npvinsolvency.in
- Registered Address
- 15th Floor, A Block, Westgate Business Bay, S G Road, Jivraj Park, Ahmedabad, Ahmadabad City, Gujarat, India, 380051
Key Metrics
Founded Year
2019
Location
Gurugram, India
Stage
Deadpooled
Total Funding
$180M in 16 rounds
Latest Funding Round
Last Known Valuation
₹***** as on Feb 14, 2025
Investors
Ranked
2nd among 388 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2024
Employee Count
613 as on Feb 28, 2025
Investment & Acquisitions
Similar Companies
Legal entities associated with Blu-Smart
Blu-Smart is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
BLU-SMART FLEET PRIVATE LIMITED CIN: U63090GJ2019PTC106075 , India, Under CIRP | Jan 14, 2019 | ₹100 - ₹500 Cr (As on Mar 31, 2024) | 250 (As on Feb 01, 2025) | |
BLU-SMART CHARGE PRIVATE LIMITED CIN: U63090GJ2019PTC106065 , India, Active | Jan 14, 2019 | ₹50 - ₹100 Cr (As on Mar 31, 2024) | 52 (As on Feb 28, 2025) | |
BLU-SMART MOBILITY LIMITED CIN: U74999GJ2018PLC104895 , India, Under CIRP | Oct 24, 2018 | ₹100 - ₹500 Cr (As on Mar 31, 2024) | 77 (As on Feb 01, 2025) | |
BLU-SMART MOBILITY TECH PRIVATE LIMITED CIN: U63030GJ2019PTC105970 , India, Under CIRP | Jan 09, 2019 | 0 - ₹10 Cr (As on Mar 31, 2024) | 157 (As on Feb 01, 2025) |
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Blu-Smart's funding and investors
Blu-Smart has raised a total funding of $180M over 16 rounds. Its first funding round was on May 24, 2019. Its latest funding round was a Series A round on Dec 23, 2024 for ₹*****. 45 investors participated in its latest round. Blu-Smart has 154 institutional investors and 128 angel investors.
Here is the list of recent funding rounds of Blu-Smart:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 23, 2024 | 9472871 | Series A | 2760382 | 1590224 | 6390807 | 8416507 |
Jun 12, 2024 | 3613277 | Series A | 6880777 | 1792748 | 1180546 | 1092963 |
May 31, 2024 | 9917546 | Series A | 3595443 | 9968627 |
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Blu-Smart's founders and board of directors
Founder? Claim ProfileHere are the details of Blu-Smart's key team members:
- Puneet Singh Jaggi: Former Co-Founder of Blu-Smart and founder of 2 other companies, Prescinto and IBM. They are also an angel investor in 2 startups.Contact Info: 1 email address
- Anmol Singh Jaggi: Co-Founder of Blu-Smart and founder of 1 other company. They are also an angel investor in 3 startups.Contact Info: 1 phone number
- Anirudh Arun: Former Co-Founder of Blu-Smart and founder of 1 other company. Contact Info: 1 email address
Blu-Smart's Board of Directors
Blu-Smart's board has 1 active member. Anmol Singh Jaggi is part of team.Here is the list of Blu-Smart's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 10m | |
ndxuna{ | Investor | - | Past | 6y 4m |
qrk{gsj | Investor | hstzdti | Past | 3y 7m |
jivdhhz | Independent board member | - | Past | 9y 2m |
View details of Blu-Smart's Founder profiles and Board Members
Blu-Smart's employee count trend
Blu-Smart has 613 employees as of Feb 25. Here is Blu-Smart's employee count trend over the years:
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Blu-Smart's Competitors and alternates
Top competitors of Blu-Smart include Uber, Ola and Meru. Here is the list of Top 10 competitors of Blu-Smart, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Uber 2009, San Francisco (United States), Public | Network providing on-demand transportation, delivery, and business management solutions | $13.2B | 89/100 | |
2nd | Platform offering electric vehicle fleet undergoing corporate insolvency resolution process | $180M | 79/100 | ||
3rd | Operator of a network providing on-demand transportation and mobility solutions | $3.84B | 72/100 | ||
4th | App-based platform offering ride-hailing services | $135M | 72/100 | ||
5th | Snap-E Cabs 2022, Kolkata (India), Seed | Operator of electric vehicle transportation services providing ride bookings via application | $5.03M | 67/100 | |
6th | TaxiForSure 2011, Bengaluru (India), Acquired | Car rental aggregator | $45.2M | 63/100 | |
7th | Lithium Urban Technologies 2015, Bengaluru (India), Acquired | Platform offering operator of electric mobility services, fleet management, and charging infrastructure | $26.8M | 60/100 | |
8th | Operator of a technology platform providing all-electric vehicle cab booking services | $6.27M | 58/100 | ||
9th | Provider of vehicle transfer and tech enabled solutions | - | - | 54/100 | |
10th | App-based platform offering ride-hailing services | - | 53/100 |
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Blu-Smart's Investments and acquisitions
Blu-Smart has a total of 1 investment in BatX Energies. Blu-Smart has not made any acquisitions as of now.Reports related to Blu-Smart
Here is the latest report on Blu-Smart's sector:
News related to Blu-Smart
Filter this listMedia has covered Blu-Smart for a total of 7 events in the last 1 year, 5 of them have been about company updates.
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From BluSmart to Dunzo: 10 startup failures that exposed the cracks in India’s growth-at-all-costs modelStoryboard18•Jun 15, 2026•Blu-Smart
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Eversource eyes BluSmart assets amidst insolvency proceedingsMint•Mar 05, 2026•Blu-Smart, EverSource Capital, Eversource
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729 startups shut in 2025 as regulation, governance reshape India’s tech landscapeStoryboard18•Dec 29, 2025•Blu-Smart, Gensol solar, Dunzo, Hike and 1 other
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Fewer closures but big names stumble -BluSmart, Dunzo & others exitIndiatimes•Dec 27, 2025•Blu-Smart, Dunzo
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Ex-BluSmart executive leads Refex bid to salvage bankrupt EV ride hailerMint•Dec 19, 2025•Refex Mobility, Blu-Smart
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Evera Cabs Proposes Lease of 1,000 EVs From BluSmart Amid Insolvency ProceedingsInc42•Sep 22, 2025•Evera Cabs, Blu-Smart
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BluSmart, Gensol Face Off Over 4,000 EVs Amid InsolvencyElectronicsforyou•Sep 19, 2025•Blu-Smart, Gensol solar
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Inflection Point leads $2.5m round for Indian EV firm SnapE CabsTech in Asia•Sep 11, 2025•Snap-E Cabs, ah! Ventures, Inflection Point Ventures, Rapido and 4 others
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