“Tere Saath Ola, Uber Ko…”: When Ashneer Grover wants to challenge the taxi company with Anmol Jaggi’s Blusmart
Bharatpe founder Ashneer Grover once said he intended to “beat” Ola and Uber with Blusmart co-founder Anmol Jaggi, the businessman has now been in big trouble for sneaky money, which means his business.
Two years ago, Grover’s handwritten notes revealed his hopes to challenge the business of Ola and Uber in India with the co-founder of Gensol Engineering. He also advised Jaggi to “think and do big things.”
Ashneer Grover’s message to Anmol Jaggi
Two years ago, Ashneer Grover released his book Doglapan. At that time, he sent a copy of a book with his handwritten notes. Posts on Anmol Jaggi LinkedIn account that revealed the annotated content from time to time.
“For Anmol Jaggi, I got along well with Sardar Jees. JaspalBindra Ke Saath PMC Bank Bachaya. Tere Saath Ola + Uber Ko beat Karna Hai. Thinking about big things,” Ashneer Grover wrote in the comments.
He also signed a copy of his book for Anmol Jaggi.
The troubled Gensol Engineering co-founder thanks Ashneer Grover for posting pictures of the book and LinkedIn’s notes.
He said: “Ashneer Grover Bhaiya, thank you for your personal signature copy of the book. Very proud to be your friend list. Getting wisdom from you is the key to success.”
Blusmart’s actions have been suspended in India as SEBI’s infamous report on Anmol Jaggi was revealed.
Did Anmol Jaggi Siphon drag money to Ashneer Grover’s startup?
Anmol Singh Jaggi, the sponsor of Gensol Engineering, invested in ₹Enter Ashneer Grover’s third unicorn.
Since then, it has been reported that the funds were transferred from Gensol’s vault.
SEBI report shows that Anmol Jaggi and Puneet Jaggi have purchased 2000 shares of Unicorn Pvt Ltd Worth ₹5 million during the seed funding round in February 2023.
However, Sebi did not charge Grover directly.
What did Ashneer Grover say?
Report says ₹The tech entrepreneur claims to have sneaked into Ashneer Grover’s startup five million times, the victim of the situation involving the Jaggi Brothers and Sebi.
“I am the ‘victim’ of the current situation ₹1.5 Cr in Blusmart and ₹0.25 Cr in the matrix. I hope the business/company will survive for its stakeholders. ” Grover said in an article on X.
Sebi’s Order
Sebi found differences under its orders and misleading disclosures of Gensol Engineering, a company promoted by the Anmol Singh Jaggi brothers and Puneet Singh Jaggi brothers.
The SEBI investigation found that funds used to purchase electric vehicles are usually sent back to Gensol or entities related to the Jaggie brothers.
Some of this funds are used for the promoter’s personal expenses, such as purchasing luxury apartments, transferring them to relatives, and investments benefiting from private entities owned by the promoter.
To counter these governance mistakes, market regulators have taken some strict measures, including prohibiting Gensol and its promoters – Jaggi Brothers from entering the securities market until further notice.
Additionally, it prevents the Jaggi brothers from holding any directorship or key management positions at Gensol.
