Blu Smart Mobility Private Limited
BluSmart Mobility is an Indian ride-sharing company, headquartered in Gurugram, India. It was founded by Anmol Singh Jaggi, Punit K Goyal and Puneet Singh Jaggi in 2019. As of 2022, the company's fleet of vehicles includes the Mahindra e-Verito, Tata...
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Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Vehicle upkeep and customer service: BluSmart owns its fleet and employs drivers, which allows it to maintain higher standards.
No surge pricing or cancellations: BluSmart aims to eliminate these issues that frustrate customers with other platforms.
Fixed driver salaries: BluSmart provides a fixed salary to drivers, which stabilizes their income and encourages them to focus on service.
Contactless rides: BluSmart's driver cockpits allow for contactless rides.
Car sanitization: BluSmart sanitizes its cars after every ride.
Car availability: Some say they can book a car and forget, with a 99% on-time booking rate.
Rates: Some say BluSmart's rates are comparable to or slightly lower than Ola and Uber.
Cons
Complaints: Some say BluSmart deducts 1,000 rupees from a driver's wage if there is a complaint against them, even if the driver made no mistake.
Driver economics: Some say that BluSmart's driver economics have been poor, with drivers going out of business due to a lack of money and incentives.
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About Blu Smart Mobility Private Limited bond.
This comprehensive profile covers key factual information about BLU SMART MOBILITY PRIVATE LIMITED. BluSmart Mobility is an Indian ride-sharing company, headquartered in Gurugram, India. It was founded by Anmol Singh Jaggi, Punit K Goyal and Puneet Singh Jaggi in 2019. As of 2022, the company's fleet of vehicles includes the Mahindra e-Verito, Tata e-Tigor, Tata Xpres-T EV, Hyundai Kona Electric and MG ZS Electric. It is India's first all-electric shared smart mobility platform. The company competes with Uber and Ola, as well as new entrants like Rapido and Namma Yatri in the cab-hailing space. The company has raised $24 million, or Rs 200 crore, in a funding round led by its existing investors Zurich-based climate finance firm ResponsAbility Investments, cricketer MS Dhoni’s Family Office, and ReNew founder Sumant Sinha. EPS in Mar-2024 was -151.04. Current ratio in Mar-2024 was 0.40. Debt in Mar-2024 was 878.46. Debt/Equity in Mar-2024 was -2.59. Debt/EBITDA in Mar-2024 was 13.63. Interest coverage ratio in Mar-2024 was 0.57. Operating Cashflow to total debt in Mar-2024 was 0.07. Total revenue for Mar-2025(E) was ₹195.49. Net income for Mar-2025(E) stood at ₹-76.70. Total assets as of Mar-2024 were ₹1,584.05. Operating cash flow for Mar-2024 was ₹64.29. As of Mar 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Vehicle upkeep and customer service: BluSmart owns its fleet and employs drivers, which allows it to maintain higher standards.; No surge pricing or cancellations: BluSmart aims to eliminate these issues that frustrate customers with other platforms.; Fixed driver salaries: BluSmart provides a fixed salary to drivers, which stabilizes their income and encourages them to focus on service.; Contactless rides: BluSmart's driver cockpits allow for contactless rides.; Car sanitization: BluSmart sanitizes its cars after every ride.; Car availability: Some say they can book a car and forget, with a 99% on-time booking rate.; Rates: Some say BluSmart's rates are comparable to or slightly lower than Ola and Uber.. Key risks include: Complaints: Some say BluSmart deducts 1,000 rupees from a driver's wage if there is a complaint against them, even if the driver made no mistake.; Driver economics: Some say that BluSmart's driver economics have been poor, with drivers going out of business due to a lack of money and incentives.. This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.