• Paisalo Digital

  Led · Equity · Feb 2024

  Paisalo Digital Limited announced the allotment of 5,000 secured non-convertible debentures (NCDs) following an Operations and Finance Committee resolution dated September 10, 2025. Each NCD has a face value of ₹1 lakh, making the total allotment ₹50 crore. The instruments are rated, listed, senior, secured, redeemable, taxable and transferable, with a tenure of 36 months and a coupon of 10.00% per annum payable monthly. The NCDs are secured by a first-ranking pari-passu charge on loan receivables, with security coverage of 1.10 times the outstanding principal amount. Redemption is structured in four equal quarterly instalments beginning in the 9th quarter, with final redemption at par on maturity. The company stipulated a penalty on delayed payments: coupon rate plus 2.00% per annum for delays exceeding three months or on default. Paisalo Digital is an RBI-registered middle-layer NBFC that provides consumer lending and is increasing focus on financing for the e-mobility sector. The company plans to expand its portfolio of lending for electric vehicles and to collaborate with stakeholders across the EV ecosystem to create a seamless financing process for buyers. Management framed the move as aligned with environmental goals and noted the company’s prior robust performance. The recent capital infusion is intended to help Paisalo promptly meet financing requirements for EV customers and lower consumer barriers to switching to cleaner transportation. The firm emphasized that expansion in e-mobility lending will support its broader strategy of promoting environmentally conscious consumer choices and reducing carbon footprint.

• BluSmart Mobility

  Led · Debt Financing · Apr 2022

  BluSmart is an Indian electric-vehicle ride-hailing company. It provides ride-hailing services using electric vehicles. The company closed a pre-Series B round raising $24 million. Investors named in the round include the MS Dhoni Family Office and responsAbility. The funds are intended to expand BluSmart's footprint in India. No other financial details or operating metrics were disclosed in the article. BluSmart is an Indian electric ride-hailing startup that provides ride-hailing services using electric vehicles. The company operates in India and focuses on EV-based transportation. The article reports BluSmart has raised $42 million in funding. The financing was provided through a combination of equity and debt. The round was led by the company’s founders and leadership team. The article does not disclose operating metrics, revenue, or future plans. BLU Smart Mobility operates an all-electric taxi-hailing platform serving customers across Delhi NCR and at Indira Gandhi International Airport terminals. The company has added long-range EVs and launched an all-electric inter-city service between Delhi NCR and Jaipur and Chandigarh. It plans to scale its fleet to over 5,000 BluSmart electric vehicles and expand a network of EV Superhubs across the Delhi NCR. BluSmart says it has scaled 25-fold since launch and emphasizes creating economic opportunities for driver-partners without asset ownership. To support growth it has secured equity, venture debt, and substantial EV asset financing, which it intends to deploy for fleet and hub expansion. BluSmart operates an app-based, all-electric ride-hailing service using electric sedan cabs across Delhi‑NCR. The company shares trip details and the carbon emissions saved with passengers after every ride. BluSmart has completed over one million all-electric trips, logged more than 35 million clean kilometres, and has over 350,000 app downloads in the region. To scale its fleet and increase EV adoption in Delhi‑NCR, BluSmart is procuring additional vehicles financed through a loan. The company has raised institutional capital previously, including a $25 million Series A in October 2021 and a pre-Series A in 2020. The new financing is intended to accelerate fleet expansion and emissions reductions in the national capital region. BluSmart operates an integrated electric-vehicle ride-hailing and charging service with a fleet of electric cabs and a large network of fast chargers across Delhi NCR. The company leases vehicles to drivers and handles vehicle maintenance to reduce driver financial and operational burdens. Its app shows operational safety details such as the last sanitisation time for each car and driver vaccination status. BluSmart has completed over 500,000 electric trips, covered more than 16 million clean kilometres, and recorded over 250,000 app downloads. The company plans to use new funding to expand its fleet and charging stations from Delhi to five additional Indian cities over the next two years. The business is led by Anmol Singh Jaggi.

No current team members are available.