Blu Smart gets funding from Deepika Padukone

Chennai: Celebrities are betting big on automotive start-ups. Just weeks after MS Dhoni announced his association with Cars24 comes Deepika Padukone's investment in e-mobility startup Blu Smart. An all-electric mobility service, Blu Smart has raised an angel round of $3 million led by JITO Angel Network, investment office of Deepika Padukone – Ka Enterprises, Kalpavriksh Trust (Centrum VC Fund), Survam Partners (Suman Kant Munjal Family Office), Rajesh Agarwal (co-founder Micromax) and Sanjiv Bajaj (MD Bajaj Capital), among other leading angels and stage VCs.

Founded by Puneet Singh Jaggi, Anmol Singh Jaggi and Punit K Goyal early this year as an all-electric mobility solution, “Blu Smart has served over 20,000+ customers since its launch in just 3 months in Delhi NCR and aims to serve 1 million+ customers in the coming months,” said co-founder Punit Goyal. As a part of its growth plans, Blu Smart is in discussions to raise a $25million Series A round by early 2020 as it plans to scale its operations full stack across Delhi NCR, Mumbai, Pune and Hyderabad. Centrum Capital has been appointed as an advisor to the transaction. Blu Smart also has plans to launch its all-electric smart urban mobility services in Singapore and Hong Kong by second half of 2020.