About BluSmart
BluSmart is a company based in Mumbai (India) founded in 2019 by Anmol Singh Jaggi and Rishabh Sood.. BluSmart has raised $167.59 million across 14 funding rounds from investors including InCred, Lightsource BP and Angel List. BluSmart operates in a competitive market with competitors including Snap-E Cabs, Evera Cabs, Eprakriti, Cab-eez and Malbork, among others.
- Headquarter Mumbai, India
- Founders Anmol Singh Jaggi, Rishabh Sood
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$167.59 M (USD)
in 14 rounds
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Latest Funding Round
$25 M (USD), Series A
Dec 23, 2024
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Investors
InCred
& 253 more
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Employee Count
Employee Count
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Funding Insights of BluSmart
BluSmart has successfully raised a total of $167.59M across 14 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 Total Funding
- Total Rounds 14
- Last Round Series A — $25.0M
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First Round
First Round
(24 May 2019)
- Investors Count 254
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series A - BluSmart | Valuation | Agragwalior Pathways , Pure Capital | |
| May, 2024 | Amount | Series A - BluSmart | Valuation | responsAbility | |
| Jan, 2024 | Amount | Series A - BluSmart | Valuation | responsAbility |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors including logistics and green tech are invested in.
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Founded Year | Domain | Location | |
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Angel network investing in early-stage companies
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Founded Year | Domain | Location | |
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Private equity investment firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BluSmart
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BluSmart
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Blusmart Comparisons
Competitors of BluSmart
BluSmart operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Snap-E Cabs, Evera Cabs, Eprakriti, Cab-eez and Malbork, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric cab services are provided via an app-based booking platform.
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| domain | founded_year | HQ Location |
Provider of an all-electric cab service
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| domain | founded_year | HQ Location |
Electric car rentals and charging stations are provided by Eprakriti.
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| domain | founded_year | HQ Location |
Operator of a technology platform providing all-electric vehicle cab booking services
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| domain | founded_year | HQ Location |
Electric taxi-hailing services are facilitated via a mobile app platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Blusmart
Frequently Asked Questions about BluSmart
When was BluSmart founded?
BluSmart was founded in 2019.
Where is BluSmart located?
BluSmart is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is BluSmart a funded company?
BluSmart is a funded company, having raised a total of $167.59M across 14 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on May 24, 2019.
What does BluSmart do?
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.
Who are the top competitors of BluSmart?
BluSmart's top competitors include Snap-E Cabs, Evera Cabs and Cab-eez.
Who are BluSmart's investors?
BluSmart has 254 investors. Key investors include InCred, Lightsource BP, Angel List, bp, and Kotak Mahindra Bank.
What is BluSmart's valuation?
The valuation of BluSmart is $255.26M as of May 2024.
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