BluSmart Investors Planning $30 Mn Infusion To Revive The Startup: Report

BluSmart’s existing investors, including BP Ventures and ResponsAbility Investments, are reportedly planning to invest $30 Mn (INR 253.64 Cr) in an effort to revive the electric cab-haling startup.

The funding will be in the form of unsecured debt and would help the company to patch its operational liabilities, including pending dues and employee salaries, TechCrunch reported, citing sources familiar with the matter.

However, the investment proposal relies on cofounder Anmol Singh Jaggi’s…