There is no doubt that India has become a global center for innovation and technology, boasting a thriving startup ecosystem and a highly qualified labor force. With plenty of startups emerging in India every day, Blu Smart Mobility stands out as one of them.
Today, in this blog, we’ll take a closer look about Blu Smart Mobility, exploring its founder, owner, career opportunities, valuation, and share price among other aspects. Let’s dive in deep :
What is Blu Smart Mobility ?
BluSmart Mobility is an Indian ride-sharing company headquartered in Gurugram, India. It is India’s first cab service that provides 100% electric rides. BluSmart was co-founded in the January 2019 by three individuals: Anmol Singh Jaggi, Punit K Goyal, and Puneet Singh Jaggi. In the same month which is January 2019, Blu Smart quickly established a collaboration with Mahindra and Mahindra, giving the business a strong foundation for its endeavors.
| Company Type | Private |
| Founded | January 2019 |
| Founder / Co-Founder | Anmol Singh Jaggi, Puneet Singh Jaggi, Punit K Goyal |
| Headquarter | Gurugram, India |
| Official Website | https://blu-smart.com/en-IN/home |
| Company size | 50-200 |
| Download Android App | Download From Here |
| Download iPhone App | Download From Here |
Blu Smart Mobility Founder | Owner
Introducing Anmol Jaggi, the founder of Blu Smart Mobility, who came with an idea of outperforming competitors like WagonR, Ola, and Uber. Initially, they leased their cars to Uber. However, they now operate their own application.
In addition, they have a dedicated driver app called the BluSmart Driver App that drivers can use for a variety of tasks like keeping track of their earnings, reporting while on duty and much more.
Blu Smart Mobility Careers
As this startup continues to grow, thanks to the Indian government and its various policies towards the electric vehicle future, Blu Smart often provides multiple job openings on its website career page. They have now offices in top India’s IT Hub cities like Bangalore, Delhi/NCR etc. Moreover, you can visit their LinkedIn page for additional job opportunities. Whether you are a designer, developer, or interested in pursuing a career in customer service, you can find various job openings on their pages.
Blu Smart Mobility Head Office/Offices
This startup was initially launched from Gurugram, but it has since expanded its operations. Now, they have their headquarters in Gurugram, along with multiple offices in India’s top IT hubs such as South Delhi and Bangalore. Also they are offering their services to the same cities. Currently, they are operating with over 5500 EV vehicles and aim to increase this number to 10000 in Delhi/NCR and Bengaluru by March 2024.
For the people of Bangalore, Blu-Smart recently launched some premium vehicles, which are performing exceptionally well. Additionally, passengers now have the option to book a cab for up to 30 days
Furthermore, from their official website, we can see that they are planning to open additional offices in India’s top cities in upcoming days.
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Blu Smart Mobility Valuation | Share Price
When this startup was founded in 2019, it raised $109 million across its seed and Series A rounds. However, within a few months, the Covid pandemic significantly impacted almost all similar services. Blu Smart Mobility was one of them, resulting in the halting of their services. However, once the market recovered, this startup swiftly expanded its operations to cover two of India’s largest cities, Delhi and Bangalore.
In May 2023, BluSmart secured a funding round of $42 million from investors, with BP Ventures. According to industry insiders, BluSmart’s current valuation stands at $250 million. Currently, Blu-Smart has no immediate plans for an IPO. The share price of Blu-Smart is decided on the basis of it’s funding round that it raised from it’s investors.
Conclusion
India is one of the fastest-growing economies globally and prime platform for startups. India has the third-largest startup ecosystem in the world. A report from October 2023 states that there are more than 100000+ DPIIT recognized startups, spread across 763 districts of the country. Moreover, according to World Economic Forum President Borge Brende stated that India is on a track to become a $10 trillion economy in upcoming years and secure the third-largest position. Currently, India holds the sixth position, following countries like the USA, China, Japan, Germany, and the UK.
Sources
Some information presented in this blog is taken from a combination of research and some reputable resources within the startup community. Some of them are : Wikipedia, Money Control, Blu Smart Website.
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