Mumbai, April 19 -- Sanjeev Bikhchandani, Founder and Executive Vice-Chairman of Info Edge on Saturday expressed his surprise over the failure of BluSmart, an Indian ride-sharing company, headquartered in Gurugram.

Speaking to ANI, Sanjeev Bikhchandani, Founder and Executive Vice-Chairman of Info Edge said, "As a customer, I am disappointed because the cab services were really good... The business, obviously, must be viable. Corporate governance has to be good for a company to sustain"

He said, "The SEBI report needs to be taken seriously; it was produced after a proper investigation. While it is a setback for the startup ecosystem, we must understand that there are 1.6 lakh registered startups in India, and if we include the unregister...