Private Equity Fund Investments
EV ride-hailing startup BluSmart raises $25-M from BP Ventures, others
BluSmart, a Delhi-based EV ride-hailing startup, has raised USD 25 million in its Series A round led by BP Ventures (which led the round with USD 13 million). Mayfield India Fund, 9Unicorns and Survam Partners along with existing investors also participated in the fundraise. BluSmart is an all-electric, shared, and smart mobility platform for ride-sharing, car-sharing, and scooter-sharing. The fresh capital will be used by the firm to expand its fleet of electric vehicles and charging stations from Delhi to five additional cities in the next two years.
From the Venture Intelligence PE-VC Deal Database: Between May-19 and Jul-20 Blu Smart Mobility had raised close to INR 75 crore from Munjal Family Office, Kalpavriksh Fund, Micromax, Mayfield and Kalpavriksh Fund (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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