India, April 17 -- If you're a regular on the business and finance sections of social media, there's a good chance you've come across posts about BluSmart. Once hailed as a clean, electric alternative to ride-hailing giants like Ola and Uber, BluSmart has now found itself at the centre of a major financial crisis. Though the app is still technically available for download, users in Delhi and Bengaluru are finding that it no longer functions as expected since rides cannot be booked, the wallet feature is inactive, and customer support is virtually unreachable.

So what exactly is happening, and what does it mean for everyday users, especially those in metro cities, where BluSmart has built a loyal user base? Here's a breakdown of the situa...