BluSmart faces executive turmoil, asset sales amid Uber acquisition speculation

This leadership change is accompanied by a broader exodus of key executives, including Chief Business Officer Tushar Garg, Chief Technology Officer Rishabh Sood, and Priya Chakravarthy, Vice-President of Experience, who have either left or are leaving.

By  Storyboard18Mar 25, 2025 2:58 PM
BluSmart faces executive turmoil, asset sales amid Uber acquisition speculation
The situation is further complicated by the financial difficulties faced by BluSmart's parent company, Gensol Engineering, which is undertaking measures to address liquidity challenges.

BluSmart, India's electric ride-hailing company, is navigating a period of significant upheaval, characterized by a wave of senior executive departures and strategic asset sales. Sources indicate that CEO Anirudh Arun has left the company, with Nandan Sharma, vice-president of business and operations, stepping into the leadership role, as per a Morning Context report.

This leadership change is accompanied by a broader exodus of key executives, including Chief Business Officer Tushar Garg, Chief Technology Officer Rishabh Sood, and Priya Chakravarthy, vice-president of experience, who have either left or are leaving. These departures are understood to be linked to the company's urgent need to raise capital through asset liquidation, following financial strain and the closure of its Dubai operations.

Adding to the company's challenges, reports have emerged indicating that Uber is in early-stage discussions to acquire BluSmart. These reports highlight Uber's potential interest in BluSmart's EV fleet and charging infrastructure, as Uber seeks to strengthen its position in India's rapidly expanding EV ride-hailing market.

However, BluSmart has categorically denied these acquisition reports. A company spokesperson told Morning Context that the reports are "speculative and unfounded," emphasizing BluSmart's commitment to independent growth.

The situation is further complicated by the financial difficulties faced by BluSmart's parent company, Gensol Engineering, which is undertaking measures to address liquidity challenges.

The confluence of executive departures, asset sales, and acquisition speculation underscores the challenges BluSmart faces in maintaining its position in India's competitive ride-hailing landscape.

First Published on Mar 25, 2025 8:31 AM

More from Storyboard18

Brand Makers

Aviva India appoints Suresh Mahalingam as Chairperson

Aviva India appoints Suresh Mahalingam as Chairperson

Brand Makers

Sujatha V Kumar quits Visa as head of marketing for India and South Asia

Sujatha V Kumar quits Visa as head of marketing for India and South Asia

Brand Makers

Varun Beverages' Q1 profit soars 35% to Rs 726 crore

Varun Beverages' Q1 profit soars 35% to Rs 726 crore

Brand Makers

Arundhati Bhattacharya awarded Padma Shri for contributions to banking and technology

Arundhati Bhattacharya awarded Padma Shri for contributions to banking and technology

Brand Makers

Havas Media India wins the large integrated media mandate of Magicbricks

Havas Media India wins the large integrated media mandate of Magicbricks

Brand Makers

Leadership reshuffle at Bajaj Finserv; Manish Jain, Sidhant Dadwal, Harjeet to take Deputy CEO roles

Leadership reshuffle at Bajaj Finserv; Manish Jain, Sidhant Dadwal, Harjeet to take Deputy CEO roles

Brand Makers

Suzuki Motor Corporation's former chairman Osamu Suzuki conferred with Padma Vibhushan posthumously

Suzuki Motor Corporation's former chairman Osamu Suzuki conferred with Padma Vibhushan posthumously

Brand Makers

AI will disrupt content creation in 5 years: Ankur Warikoo

AI will disrupt content creation in 5 years: Ankur Warikoo