New Delhi, April 20 -- Business entertainment TV show, Shark Tank India judge, and Boat co-founder, Aman Gupta, in his social media post on LinkedIn, highlighted that the BluSmart crisis serves as a reality check for others in the startup ecosystem.

"The BluSmart situation is tough. Sad for everyone involved. But also a much-needed reality check for all of us in the ecosystem," said Aman Gupta in his post.

The angel investor also expressed empathy for the investors who lost money, the employees who lost their jobs, and the customers who lost a cab-hailing service. He said that this incident had also "dented" the ecosystem.

"But more than that, this has also dented trust in the ecosystem. You'll now hear: 'Yaad hai Blusmart ke saath kya...