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Now Reading: Is BluSmart going to be the next Kingfisher or Meru?

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Is BluSmart going to be the next Kingfisher or Meru?

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U.S.//Discover the latest updates from across the United States, including politics, culture, economy, and trending stories. Stay informed on the key events shaping the nation and the topics everyone’s talking about.
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Is BluSmart going to be the next Kingfisher or Meru?

Is BluSmart going to be the next Kingfisher or Meru?

IO_AdminUncategorized1 month ago30 Views

A closed BluSmart electric car booking counter is pictured at T3 parking lot at the Indira Gandhi International Airport in New Delhi on April 17, 2025.

Synopsis

Loved yet defined by the downfall, BluSmart could become another Kingfisher Airlines or Meru Cabs. But the entire episode leaves some valuable lessons to be learnt by the Indian startup ecosystem.

In the beginning, many thought it was just another liquidity crunch — something that’s not uncommon in startup folklore, especially for the ones that have a thing for grandeur. But the crisis at BluSmart, once hailed as the future of clean urban mobility in India, has now morphed into a full-blown collapse. Operations have halted. Lenders are preparing to repossess electric vehicles and charging infrastructure. There’s no leadership in place,