Aspora gets $50M from Sequioa to build remittance and banking solutions for Indian diaspora

India has been one of the top recipients of remittances in the world for more than a decade. Inward remittances jumped from $55.6 billion in 2010-11 to $118.7 billion in…

Continue ReadingAspora gets $50M from Sequioa to build remittance and banking solutions for Indian diaspora

Uber-rival BluSmart investors propose resolution with $30M backing for its revival

A group of investors are considering a plan to inject another $30 million into BluSmart in a bid to revive the Indian cab-hailing startup that abruptly halted operations last month,…

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India’s Uber-rival BluSmart appears to suspend service in wake of EV loan probe

BluSmart, India’s all-electric cab-hailing startup that was once seen as an emerging rival to Uber, appears to have suspended service in some cities just as the country’s market regulator launched…

Continue ReadingIndia’s Uber-rival BluSmart appears to suspend service in wake of EV loan probe

India’s BluSmart swept up in Gensol investigation alleging misuse of EV loans

India’s market regulator launched a probe Tuesday into Gensol Engineering after finding alleged misuse of electric vehicle loans. BluSmart, a ride-hailing startup connected to Gensol that was once seen as…

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