Gensol-BluSmart saga: Investors call for better governance in startups

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The story "Gensol-BluSmart saga: Investors call for better governance in startups" was covered 14 hours ago by Business Standard, a news publisher based in India.

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Gensol-BluSmart saga: Investors call for better governance in startups - Business Standard

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Some of the investors that Business Standard spoke to agreed that this could potentially slow down funding momentum in the short term.

At a time when startup funding was gaining momentum in India, allegations of financial misappropriation and lack of transparency at Gensol Engineering and BluSmart Mobility has once again shook the investors’ confidence, with many underscoring the need for better corporate governance to build viable businesses and a strong startup ecosystem.