Founder buys investor Mayfield’s stake in BluSmart for Rs 32 crore

Venture capital fund Mayfield India has exited from electric mobility startup BluSmart, selling its entire stake to the company’s chief executive Anmol Singh Jaggi for around Rs 32 crore, the company told ET.

With the purchase of Mayfield India’s 2% shares, the founders of BluSmart have further consolidated their holding in the company, and together, the six founders now own over 30% stake in the Gurugram-based startup.