Monday, March 27, 2023
Outlook India
Outlook Business


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

The event was organised in association with knowledge partner PricewaterhouseCoopers (PwC) and Freeflow, a start-up incubator and accelerator company

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

Orios Venture Partners first invested in GoMechanic during the latter’s Series A round worth $4.9 million in January 2019

Early-stage start-ups raised $1.3 billion, $2.5 billion and $2.8 billion in CY20, CY21 and CY22, with average ticket size of deals around $4 million

Early-stage deals contributed around 21 per cent of the total funding by value in Q3 CY22 compared to 12 per cent in Q2 CY22, showing that there is significant dry powder in the Indian start-up ecosystem