Unlike VCs and PEs, these permanent capital vehicles offer long-term investment options like pension funds and insurance firms and look for regular income instead of fast returns on the invested capital
One start-up after another is falling and failing on the issue of transparent leadership and ethical financial practices. A common thread in most of them is investments by Sequoia Capital. More importantly, it is Sequoia’s Shailendra Singh who is being...
The company, which admitted to errors in financial reporting last month, said it serviced 30,000 vehicles last month, which is 70 per cent of the peak sales it achieved in July 2022
In January, GoMechanic’s co-founder Amit Bhasin admitted to errors in the company’s financial reporting following which DigiRovers filed a plea before the tribunal alleging defaults in payments
Car repairing unicorn start-up GoMechanic has been in the news for the past two days as financial irregularities came to light based on a due diligence report by EY
GoMechanic joins the league of other Indian start-ups, including Byju's, BharatPe, Trell and Zilingo, that have been in the news for financial irregularities and shoddy corporate governance
