Gomechanic

GoMechanic’s New Founders secure $6 Million In Funds

08/11/2023

Post its acquisition in May, the automobile start-up claims that it is attempting to create transparency and be more cost-effective and efficient

What Is Peak XV’s Future Without Sequoia’s Heft?

13/06/2023

Raising fresh funds from LPs will be challenging for Sequoia India and SEA, now Peak XV Partners, unless it presents strong returns to the $2.85 billion fund it raised last year. This will be tough amidst a funding winter coupled with a brand spinoff that...

Tiger Global sells another stake in Indian logistics firm Delhivery

12/04/2023

The VC firm has also reduced its stakes in other Indian startups amid regulatory and financial difficulties

GoMechanic Business Acquired By A Consortium Led By Lifelong Group

29/03/2023

The acquisition comes after the recent financial difficulties faced by GoMechanic. The board and shareholders with support from Stride Ventures initiated the sale process to ensure the continuity of GoMechanic's business

SEBI Evaluates Allowing PCVs To Offer Long-Term Funds: Report

09/03/2023

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

Why Is Top Global VC Fund Stuck In Controversies In India?

07/06/2023

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...

From Vulture Capital to Victim Capital: Mahesh Murthy's Take on VCs in India

04/03/2023

How Indian start-up founders turned the tables on shrewd Indian venture capitalists

GoMechanic Announces Turnaround In Core Business In January

25/02/2023

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

DigiRovers Files Insolvency Plea Against GoMechanic, NCLT Issues Notice

16/02/2023

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

Hubilo Layoffs: Event Management Start-Up Hubilo Lays Off 115 Employees

21/01/2023

Hubilo earlier laid off 45 employees in 2022