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Grant Thornton to Conduct Forensic Audit at BluSmart

Business Standard

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April 24, 2025

BluSmart has appointed Grant Thornton for a forensic audit after a regulatory investigation found its co-founder allegedly diverted and misused funds which were meant to buy cars, two people with direct knowledge said.

- REUTERS/BS REPORTER

A rival to Uber and India's Ola, BluSmart became popular with its all-electric fleet of more than 8,000 taxis, setting up large-scale charging hubs in cities such as New Delhi, Mumbai, and Bengaluru. In 2023, the company said it had a 9 per cent market share in New Delhi.

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