About BluSmart
BluSmart is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2019 by Anmol Singh Jaggi and Rishabh Sood. Electric ride-hailing and cab services are provided via mobile app. BluSmart has raised $168.52 million across 16 funding rounds from investors including InCred, Lightsource BP and Angel List. BluSmart was last valued at $255.26 million in May 2024. Its focus areas include Energy Tech, Electric Vehicles, Vehicle as a Service and Cars. Its competitors include Snap-E Cabs, Evera Cabs and Eprakriti; 3 of its 3 listed competitors have raised funding.
Company details
BluSmart was established in 2019 and is headquartered in Mumbai, India, within the electric mobility sector. Ride-hailing and chauffeur-driven cab services are delivered through a mobile application available on Android and iOS platforms. Bookings are facilitated by users entering pickup points, destinations, payment details, and preferred dates. EV charging solutions are also supplied to support operations.
- Headquarters Mumbai, India
- Founders Anmol Singh Jaggi, Rishabh Sood
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website blu-smart.com
- Social LinkedIn X Facebook
- Total Equity Funding$168.52M (USD)
in 16 rounds
- Latest Funding Round$25M (USD), Series A
Dec 2024
- InvestorsInCred
& 253 more
Associated legal entities of BluSmart
BluSmart is associated with 4 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Blu-Smart Mobility Limited CIN U74999GJ2018PLC104895 | Under Cirp | 24 Oct 2018 | Ahmedabad, Gujarat | ₹129 Cr | 82 | 4 | View details |
| Blu-Smart Fleet Private Limited CIN U63090GJ2019PTC106075 | Under Cirp | 14 Jan 2019 | Ahmedabad, Gujarat | ₹288 Cr | 325 | 4 | View details |
| Blu-Smart Charge Private Limited CIN U63090GJ2019PTC106065 | Active | 14 Jan 2019 | Ahmedabad, Gujarat | ₹68.4 Cr | 67 | 4 | View details |
| Blu-Smart Mobility Tech Private Limited CIN U63030GJ2019PTC105970 | Under Cirp | 09 Jan 2019 | Ahmedabad, Gujarat | ₹6.1 Cr | 158 | 4 | View details |
Apps and channels of BluSmart
BluSmart publishes 1 mobile app with over 1M+ downloads.
Funding Insights of BluSmart
BluSmart has successfully raised a total of $168.52M across 16 strategic funding rounds. The most recent funding activity was a Series A round of $25 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $168.52M
- Total Rounds 16
- Last Round Series A — $25M
- First Round $3M
(May 2019)
- Investors Count 254
Latest 10 of 16 funding rounds of BluSmart with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2024 | $25M | Series A | – | Agragwalior Pathways, Pure Capital | |
| Jun 2024 | Series A | – | – | – | |
| May 2024 | $24M | Series A | $255.26M | responsAbility | |
| Jan 2024 | $5M | Series A | – | responsAbility | – |
| Jan 2024 | $20M | Debt – Conventional | – | – | |
| Dec 2023 | $931,713 | Series A | – | – | |
| May 2023 | $5M | Debt – Venture | – | – | |
| Apr 2023 | $75M | Debt – Conventional | – | – | |
| Apr 2023 | $24.8M | Series A | – | BP Ventures | |
| Feb 2023 | $37M | Series A | $110.78M | Lightsource BP |
| Date | Valuation | Stage |
|---|---|---|
| May 2024 | $255.26M | •••••••• |
| Feb 2023 | $110.78M | •••••••• |
| Aug 2021 | $••••• | •••••••• |
Full valuation and stage history of BluSmart
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $255.26M (May 2024). 254 investors in total: 127 institutional and 127 angel.
Investors in BluSmart
BluSmart has secured backing from 254 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include InCred, Lightsource BP and Angel List.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors including logistics and green tech are invested in. | kochiho.in | Bengaluru, India | ||
Angel network investing in early-stage companies | 2010 | hyderabadangels.in | Hyderabad, India | |
Private equity investment firm | 2003 | responsability.com | Zurich, Switzerland | |
Family office firm | msdhonifamilyoffice.tcc.mode | |||
Venture capital firm focused on early-stage startups | globalfounderscapital.com | Berlin, Germany | ||
Private equity investments in Asia's climate initiatives are facilitated. | asiaclimatepartners.com | Hong Kong, China | ||
Private equity firm focused on healthcare, business services, and education sectors | vss.com | New York, United States | ||
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Private debt and equity funds are managed for technology sectors. | trifectacapital.in | Gurugram, India | ||
Venture debt is provided to growth-stage companies for business scaling. | strideventures.global | Delhi, India |
Investor details for BluSmart
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of BluSmart
The boards of the 4 registered companies of BluSmart currently have 7 directors; the longest-serving is Puneet Singh Jaggi, appointed in 2019. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Puneet Singh Jaggi DIN 02479868 | Director | 14 Jan 2019 | 7 yrs 9 mo | Blu-Smart Charge Private Limited, Blu-Smart Fleet Private Limited, Blu-Smart Mobility Tech Private Limited |
| Anmol Singh Jaggi DIN 01293305 | Director | 14 Jan 2019 | 7 yrs 9 mo | Blu-Smart Charge Private Limited, Blu-Smart Fleet Private Limited, Blu-Smart Mobility Limited, Blu-Smart Mobility Tech Private Limited |
| Inderpreet Singh Wadhwa DIN 02048659 | Director | 10 Nov 2020 | 5 yrs 11 mo | Blu-Smart Mobility Limited |
| Sophia Isabella Marie Nadur DIN 09333099 | Nominee Director | 30 Sep 2021 | 5 yrs | Blu-Smart Mobility Limited |
| Dharmichand Sunil Kumar DIN 01238306 | Nominee Director | 31 Mar 2023 | 3 yrs 6 mo | Blu-Smart Mobility Limited |
| Utsav Chirag Sheth DIN 08444598 | Additional Director | 08 Sep 2025 | 1 yr 1 mo | Blu-Smart Charge Private Limited, Blu-Smart Fleet Private Limited, Blu-Smart Mobility Tech Private Limited |
| Bhavesh Gunvantrai Kothari DIN 08639559 | Additional Director | 08 Sep 2025 | 1 yr 1 mo | Blu-Smart Charge Private Limited, Blu-Smart Fleet Private Limited, Blu-Smart Mobility Tech Private Limited |
People of BluSmart
3 people are tracked at BluSmart (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Rishabh Sood | Co-Founder | Leadership |
Abhinav Tiwari | Chief Information Officer | Leadership |
Complete people profiles for BluSmart
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of BluSmart
Figures of Blu-Smart Charge Private Limited, the primary company behind BluSmart, for FY 2024. Revenue was ₹68.38 Cr (+121% year on year). Net loss was -₹27.48 Cr (-40% margin). EBITDA was ₹13.13 Cr (19% margin). Revenue has grown at a compounded annual rate of +177% over three years and +274% over five years.
- ₹68.38 CrRevenue · FY 2024 · +121% YoY
- -₹27.48 CrNet loss · -40% margin
- ₹13.13 CrEBITDA · 19% margin
- ₹1 LakhPaid-up capital
- 67Employees (provident fund records)
- +177%Revenue CAGR, 3 years
- +274%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Blu-Smart Charge Private Limited are on its company page.
Detailed financial statements for BluSmart
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
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Timeline of BluSmart
4 dated milestones of BluSmart across 5 years, from founding to its latest funding, stage changes and deals.
- Founded BluSmart is founded.
- Funding First funding round of $3.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $25.0M.
Competitors of BluSmart
BluSmart has 3 listed competitors in our database, 3 of them funded. They include Snap-E Cabs, Evera Cabs and Eprakriti.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| snapecabs.com | 2021 | Kolkata, India | $5M | 3,246 | Electric cab services are provided via an app-based booking platform. | |
| everacabs.com | 2019 | Delhi, India | $14M | 27 | Provider of an all-electric cab service | |
| eprakriti.com | 2019 | Delhi, India | $3.11M | 25 | Electric car rentals and charging stations are provided by Eprakriti. |
Detailed competitors of BluSmart
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of BluSmart
Websites that share an audience with BluSmart (blu-smart.com).
Websites whose visitors overlap most with BluSmart. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| peoplematters.in | 100% | 153.1K | #285,549 | View details | |
nextunicorn.ventures | nextunicorn.ventures | 92% | #4,671,421 | – | |
| hyderabadangels.in | 83% | 4.7K | #3,445,545 | View details | |
| indianstartupnews.com | 83% | 353.8K | #136,006 | View details | |
| driveu.in | 83% | 95.4K | #413,202 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 29 similar websites and full traffic analytics for BluSmart
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 29 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as BluSmart (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 | |
All-electric commercial vehicles and fleet management tools are offered. | 2018 | Delhi, Delhi, India | USD 261.04 M | USD 6.31 M | 447 |
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Related news about Blusmart
Complete news archive for BluSmart
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Frequently Asked Questions about BluSmart
BluSmart was founded in 2019.
BluSmart is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
BluSmart is a funded company, having raised a total of $168.52M across 16 funding rounds to date. The company's 1st funding round was a Series A of $37M, raised on May 2019.
BluSmart was established in 2019 and is headquartered in Mumbai, India, within the electric mobility sector. Ride-hailing and chauffeur-driven cab services are delivered through a mobile application available on Android and iOS platforms. Bookings are facilitated by users entering pickup points, destinations, payment details, and preferred dates. EV charging solutions are also supplied to support operations.
BluSmart's top competitors include Snap-E Cabs, Evera Cabs and Eprakriti.
BluSmart has 254 investors. Key investors include InCred, Lightsource BP, Angel List, bp, and Kotak Mahindra Bank.
The valuation of BluSmart is $255.26M as of May 2024.
BluSmart is associated with 4 legal entities: Blu-Smart Charge Private Limited, Blu-Smart Fleet Private Limited, Blu-Smart Mobility Limited and others.
The legal entities of BluSmart currently have 7 directors, including Puneet Singh Jaggi, Anmol Singh Jaggi, Utsav Chirag Sheth and others.
Yes. BluSmart publishes BluSmart:Premium Cabs in Dubai, with over 1 million downloads.