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GOMECHANIC
GoMechanic eyes over three-fold business growth to Rs 700 crore by 2027 before launching IPOGoMechanic at present provides services through 800 garages across 125 cities and plans to scale up to 2,500 garages across 500 cities by 2...- GoMechanic achieves operational profit in April-June; FY24 revenue hits Rs 210 croreGoMechanic, acquired by Servizzy in March 2023, achieved profitability by June 2024. Led by Himanshu Arora and Muskan Kakkar, it reported R...
- Peak XV, Orios, Chiratae file EOW complaint over financial irregularities at GoMechanicThis development comes seven months after Gurugram-based GoMechanic’s founders admitted to financial misreporting in a LinkedIn post. Orios...
- Car servicing startup GoMechanic acquired by Lifelong group led consortium in slump saleThe sale was led by GoMechanic's venture debt investor Stride Ventures. "This transaction will assist in preserving the ecosystem at large ...
- NCLAT upholds CCI’s Rs 1,338-crore fine on Google; GoMechanic gone in slump saleThe NCLAT bench has directed Google to carry out the competition regulator’s directions and deposit the fine within 30 days. The penalty of...
- Exclusive: RoC seeks to examine GoMechanic's books after allegations of financial irregularitiesLast week, the National Company Law Tribunal (NCLT) issued a notice to Sequoia-backed beleaguered automobile after-sales service startup ov...
- ETtech Long Read: How GoMechanic founders floated new business as trouble mounted at car servicing startupWhile it isn’t unusual for new ventures to approach investors to raise capital at an early stage, March 2022-founded Morsebiz’s journey wea...
- How GoMechanic founders floated Morsebiz as car servicing startup unravelled; BPM firms turn to cost-saving dealsAs the business collapse looked imminent due to misreporting of financials, cash burn and other reasons, GoMechanic's founders floated a ne...
- Pricewaterhouse raised issues with GoMechanic’s operations in its FY20 auditPricewaterhouse audited financial statements of GoMechanic only for the 2020 fiscal year, following which it was replaced by BSR & Co, an a...
- How GoMechanic unravelled after SoftBank-Khazanah funding round collapsedGoMechanic will initiate financial audit, lay off 70% staff: cofounder Amit Bhasin in a LinkedIn post.
- Investors of GoMechanic seek audit into 'inflated' financialsThe investors - Tiger Global, Sequoia Capital and Chiratae Ventures - have jointly appointed a third-party firm to investigate the matter i...
- GoMechanic founder Amit Bhasin admits to financial misreporting; firm to lay off 70% employeesGoMechanic layoffs will affect about "70% of the workforce", said cofounder Amit Bhasin in a LinkedIn post
- 'We got carried away.' Co-founder of GoMechanic, which sacked 70% staff, introspects, here's how LinkedIn reactedAmit Bhasin tried to present his side of the story in a lengthy post.
- SoftBank plans $35 million bet on India's GoMechanicVision Fund's early-stage talks with GoMechanic are being held around a valuation of $600-700 million, with Malaysian sovereign fund Khazan...
- GoMechanic announces issuance of Rs 30-crore stock options for service partnersGoMechanic has become the second startup to include service partners in its stock option plans after Urban Company said it would do so in M...
- EVRE to set up EV charging facilities in collaboration with GoMechanicOn its part under the partnership, EVRE will conceptualise, design, manufacture, install, operate and maintain the slow and fast charging s...
- GoMechanic raises $42 million in funding led by Tiger GlobalThe Series C funding round also saw participation from existing investors Sequoia Capital India, Orios Venture Partners and Chiratae Ventur...
- Groupe PSA joins hands with GoMechanic to bring Eurorepar product line in India"With GoMechanic as partner, we are going to offer various kinds of automotive products to all kinds of passenger vehicles in the country,"...
- GoMechanic gets funding from Pawan MunjalThe latest funding would be used by the company to strengthen its technology stack, fuel geographical expansion, streamline spare parts pro...
- GoMechanic raises Rs 105 crore in latest round of fundingThe investment will be used to support expansion into 10 more cities by the end of 2020 in its EV thrust, brand promotion and in streamlini...
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