The electric ride-hailing company BluSmart announced that it had raised USD7 million (INR 51 crore) in funding from multiple investors. The list of investors includes Inflection Point Ventures, Venture Catalyst, Survam Partners, Mumbai Angels, Chhatisgarh Investments Ltd, JITO Angels, Lets Venture Fund and Kaplavriksh Fund. The company said it would utilise the funding to expand the number of cars on the platform, set up more charging infrastructure, improve technology and to stretch the geographical reach.