"After multiple leadership exits, BluSmart Mobility delays employee salary payments", 11 April 2025

As of March, CEO Anirudh Arun, CBO Tushar Garg, CTO Rishabh Sood, and VP Priya Chakravarthy have all stepped down.

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Electric cab-hailing startup BluSmart Mobility is facing a fresh wave of financial difficulties, resulting in delayed salary payments for the month of March. In an internal email to employees, co-founder Anmol Singh Jaggi acknowledged the delay, attributing it to cash flow constraints, and assured that all outstanding payments would be settled by the end of April. To mitigate the impact, he added that salaries would be released in phases, starting with the lowest pay grades and progressing upwards to prioritise fairness and support for those most affected.

.. The delayed payments come at a time when BluSmart, founded in 2019 by Jaggi and Punit K Goyal, is grappling with mounting financial and operational setbacks. With operations across Delhi NCR, Bengaluru and, more recently, Mumbai, the company reportedly shut down its Dubai services in March and scrapped its plans to expand into Saudi Arabia. Compounding the pressure, Refex Industries recently terminated a deal to acquire nearly 3,000 electric vehicles from Gensol Engineering, which had originally been leased to BluSmart. The cancellation is considered a major blow to the company’s operational roadmap. Meanwhile, BluSmart has seen a string of senior leadership departures.

.. As BluSmart navigates this turbulent period, its ability to maintain employee trust and financial stability will be closely watched. The promised clearance of salaries by the end of April could become a key indicator of its resilience and leadership accountability