India, April 23 -- EV ride-hailing startup BluSmart has reportedly roped in Grant Thornton to conduct a forensic audit of its books after markets regulator SEBI found that two of its cofounders - Anmol Singh Jaggi and Puneet Singh Jaggi - diverted the funds of Gensol Engineering, of which they are the promoters.

The EV startup has brought in Grant Thornton to examine its cash position and track the movement of funds, Reuters reported, citing sources.

As per the report, the cash position of BluSmart is "worrisome" and Grant Thornton has been tasked with finding "where the funds are going" and "whether there was fraud there".

Inc42 has reached out to BluSmart for comments on the development. The story will be updated on receiving a respo...