BluSmart Enlists Thornton, CARS24’s Major Leap, and Ather Energy’s IPO Dreams

BluSmart is under the spotlight as it enlists Grant Thornton for a forensic audit amid allegations of misused funds, while CARS24 takes a major leap by acquiring the legendary automotive forum, Team-BHP. Meanwhile, Ather Energy is revving up for its public debut, setting its IPO price band between ₹304-321, signaling a big move in India’s EV space. Besides, there’s also Startup Spotlight to savor.

Grab your simmering cup of StartupChai.in and unwind with our hand-brewed memes.

“Kuch Le Deke Maamla Settle Karo”: BluSmart Ropes In Grant Thornton For Forensic Audit

BluSmart has brought in Grant Thornton for a forensic audit after SEBI accused cofounder Anmol Jaggi of diverting EV funds to purchase a luxury apartment.

The audit comes as BluSmart's parent company Gensol faces its own crisis. Meanwhile, private equity firm Eversource Capital is reportedly in talks to acquire BluSmart for ₹800 to ₹1,000 crore.

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“Hum Saath Saath Hai”: CARS24 Acquires Automotive Forum Team-BHP

CARS24 just shifted gears by acquiring the iconic automotive forum Team-BHP, though the price tag stays under wraps.

With plans to rev up Team-BHP’s tech, product, and AI game, the deal signals a digital-first drive. But fans can relax—the forum will still cruise independently under its founding team.

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“Ready, Steady, Po”: Ather Energy Sets Price Band Of INR 304-321 For IPO

Ather Energy is finally flipping the ignition on its IPO, setting a price band of ₹304 to ₹321 per share for its ₹2,981 crore offering.

The subscription window opens April 28 and runs till April 30. As one of India’s leading EV two-wheeler brands, Ather’s public debut could jolt the stock market into a green rush.

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1. Healthcare fintech startup SaveIn has raised ₹37 Cr in fresh funding led by existing backers like 10x Founders and Oliver Jung. New investor Stem AI also hopped on board, marking its entry into the startup’s growing cap table.
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2. Ex-Unacademy COO's startup Emversity has raised $5 Mn (around ₹42.6 Cr) in its pre-Series A round, led by Z47 and Lightspeed Venture Partners. The funding round also attracted participation from Alteria Capital and InnoVen Capital to fuel its skill-based course offerings.
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3. Defence drone maker Vayudh has raised $10 Mn in funding, led by Dharana Capital with participation from Deepinder Goyal. The funds will enhance R&D and manufacturing of surveillance drones, including the iDEX-supported nano-drone Atri for battlefield reconnaissance.
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4. Healthcare fintech startup SaveIN has raised ₹37 Cr ($4.3 million) in its latest funding round, co-led by existing investors like 10X Founders, Oliver Jung, and Leblon Capital. The round also saw new participation from Stem AI to support its growth.
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5. Emversity’s parent company, Beyond Odds Technologies, has raised $5 million in a pre-Series A funding round led by Lightspeed and Z47. The round also saw participation from Alteria Capital and InnoVen Capital, following a successful $11 million seed round last year.
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“Ab Aayega Litti Chokha Ka Asli Swaad”: Gaon Is Bringing the Heart of Bihar to Delhi NCR's Dining Tables

Gaon, a cloud kitchen and restaurant chain founded by Alok Ranjan in 2017, is bringing the authentic flavors of Bihar to Delhi NCR with dishes like Litti Chokha and Champaran Handi Mutton. Alok, inspired by his roots and the struggle to find home-style Bihari food in Delhi, secured an investment on Shark Tank India.

Now, with multiple locations and plans to expand into FMCG, Gaon is serving up a slice of Bihar’s rich food culture, one meal at a time.

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