BluSmart

How it happened

BluSmart was an Indian all-electric ride-hailing company that operated its own EV fleet and charging network as a rival to Uber and Ola, approaching a ~$1B valuation around 2024. It unraveled in 2025 amid a SEBI investigation into alleged fund diversion at affiliated Gensol Engineering, ending in suspended operations and NCLT insolvency. Glassdoor reviews show a workforce blindsided: employees were still praising the culture into early 2025 — the chronic gripes were office politics and favoritism, not money — until salaries stopped around March, operations were switched off almost overnight, and reviews turned into pleas for months of unpaid wages and final settlements, with some staff blaming what they called promoter greed and fraud.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.