GoMechanic
Venture
Distressed Indian startup GoMechanic acquired by Lifelong Group-led consortium
11:00 pm PDT • March 28, 2023
A Lifelong-led consortium has acquired the distressed firm GoMechanic months after the Sequoia India-backed startup admitted “grave errors.”
Startups
Sequoia-backed GoMechanic cuts 70% jobs amid ‘grave errors’ in financial reporting
1:00 am PST • January 18, 2023
GoMechanic has laid off 70% of its workforce as the Sequoia India-backed startup grapples with a funding crunch after the existing and prospective investors found that the founders had misstated…
Transportation
Tiger Global in talks to invest in GoMechanic at over $1 billion valuation
11:16 pm PST • February 9, 2022
Tiger Global is in talks to lead a new financing round in GoMechanic, an India startup that operates a network of technology-enabled automobile service centres, two sources familiar with the matter…