This development comes seven months after Gurugram-based GoMechanic’s founders admitted to financial misreporting in a LinkedIn post. Orios...

According to people briefed on the contents of the final forensic report, the founders have been found to have inflated revenues and sales ...

“We should lay down clear norms of self-regulation from inception to early-stage, from early-stage to growth stage, from growth stage to IP...

Some of the auditors have in recent weeks made presentations to venture capital funds showing how their previous audits unearthed financial...

Draft note circulated among investors says founders inflated revenue; final forensic report expected in 10 days.

The sale was led by GoMechanic's venture debt investor Stride Ventures. "This transaction will assist in preserving the ecosystem at large ...

Last week, the National Company Law Tribunal (NCLT) issued a notice to Sequoia-backed beleaguered automobile after-sales service startup ov...

While it isn’t unusual for new ventures to approach investors to raise capital at an early stage, March 2022-founded Morsebiz’s journey wea...

Amazon Air, the ecommerce giant’s dedicated cargo airline, has been launched in India with the aim of offering faster deliveries for more p...

Sequoia Capital India will also be more selective when taking board seats at companies and, in some cases, might replace junior members fro...

Pricewaterhouse audited financial statements of GoMechanic only for the 2020 fiscal year, following which it was replaced by BSR & Co, an a...

GoMechanic will initiate financial audit, lay off 70% staff: cofounder Amit Bhasin in a LinkedIn post.

A senior executive at one of the ‘Big Four’ audit firms said qualifications are always a negative for a company and it means the company be...

The investors - Tiger Global, Sequoia Capital and Chiratae Ventures - have jointly appointed a third-party firm to investigate the matter i...

GoMechanic layoffs will affect about "70% of the workforce", said cofounder Amit Bhasin in a LinkedIn post

With the funding round falling through and many questions being raised by incoming investors, the company was left with no other option but...

With SoftBank and Malaysia’s Khazanah pulling the plug on GoMechanic funding round after EY flagged issues like inflated revenues, fictitio...