💨 Abstract
BluSmart Mobility, a ride-sharing startup in Delhi-NCR, launched in 2019 with a fleet of all-electric cabs. However, the company is facing trouble after the Securities and Exchange Board of India (SEBI) barred the co-founders from holding directorship positions and accessing the market due to allegations of misusing funds for personal use, including luxury apartment purchases.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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