Investors of Indian cab-hailing startup BluSmart are considering a US$30 million investment plan to revive the company, according to sources.

This proposal is contingent on co-founder Anmol Singh Jaggi stepping down from his position, although he has not officially resigned.

The investment aims to address BluSmart’s operational liabilities, including overdue employee salaries and pending dues.

Investors with pro-rata rights, such as BP Ventures and ResponsAbility, reportedly began discussing the plan last week, but both firms declined to comment..source-ref{font-size:0.85em;color:#666;display:block;margin-top:1em;}a.ask-tia-citation-link:hover{color:#11628d !important;background:#e9f6f5 !important;border-color:#11628d !important;text-decoration:none !important;}@media only screen and (min-width:768px){a.ask-tia-citation-link{font-size:11px !important;}}