Blu Smart Scam: ₹850 Crore Fraud That Shook Indian Startups Today, a massive fraud has shaken the Indian Start-up Ecosystem. The founders of cab service company Blue Smart, Anmol Jaggi and Puneet Jaggi, attempted to rival Uber but their over-smart strategy led to disaster. To build their cab fleet, the Jaggi brothers floated a new company named Gensol Engineering and took a loan of ₹850 Crores from the market. Out of this, only ₹568 Cr was actually used to purchase vehicles. The remaining ₹262 C
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