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‘Tough, sad for those involved’: Boat cofounder Aman Gupta reflects on BluSmart’s troubles

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Boat cofounder Aman Gupta weighed in on the ongoing BluSmart crisis, calling the situation “tough” and “sad” for everyone involved in a LinkedIn post, from investors and founders to employees and customers.

Gupta said incidents like these shake trust in the startup ecosystem and highlighted the importance of strong ethics and compliance. He urged entrepreneurs not just to chase growth, but to focus on building responsible and well-governed companies.

“For all founders, here’s the biggest takeaway: Compliance and ethics aren’t boxes to tick….

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