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flag BluSmart suspends services in major Indian cities amid SEBI investigation into fund misuse by co-founders.

flag Electric ride-hailing company BluSmart has suspended services in Mumbai, Delhi-NCR, and Bengaluru after India's SEBI launched an investigation into its parent company, Gensol Engineering, over alleged fund misappropriation. flag The probe involves BluSmart's co-founders, who are accused of misusing funds for personal purposes. flag The suspension has left thousands of users and drivers uncertain about the company's future, with some reports suggesting BluSmart may transition its fleet to Uber.

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