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INDUSTRY FIRST

Gomechanic Raises $42 Million In Funding Led By Tiger Global

Jun 23, 2021•about 4 years ago

Amount Raised

$42 Million

Description

Car servicing startup GoMechanic on Wednesday said it has raised $42 million (around Rs 311 crore) in a funding round led by Tiger Global Management. The Series C funding round also saw participation from existing investors Sequoia Capital India, Orios Venture Partners and Chiratae Ventures.

Company Information

Company

Go Mechanic

About

Car servicing startup GoMechanic on Wednesday said it has raised $42 million (around Rs 311 crore) in a funding round led by Tiger Global Management. Started by Kushal Karwa, Amit Bhasin, Rishabh Karwa and Nitin Rana, GoMechanic has over 600 car repair workshops across 35 cities in India, including Delhi-NCR, Hyderabad, Mumbai, Pune, Bengaluru, Chennai and Kolkata.

Company News

(10 articles)
Tue, 29 Oct 2024 07:00:00 GMT

GoMechanic adapted marketing strategies to broaden organic customer acquisition channels: Himanshu Arora - MediaNews4U

Wed, 18 Jan 2023 08:00:00 GMT

GoMechanic to reduce workforce by 70%, says co-founder Amit Bhasin - Mint

Wed, 18 Jan 2023 08:00:00 GMT

GoMechanic fires 70 per cent employees, founder admits to financial reporting errors - India Today

Thu, 19 Jan 2023 08:00:00 GMT

GoMechanic fraud: How chasing growth at all costs brought down a rising startup - Moneycontrol

Mon, 08 Jan 2024 08:00:00 GMT

GoMechanic, iACe to upskill over 5,000 mechanics on latest automotive tech - Business Standard

Thu, 19 Jan 2023 08:00:00 GMT

Fake It Till You Make It: How GoMechanic Cheated Investors For ‘Growth At All Costs’ - Inc42

Wed, 29 Mar 2023 07:00:00 GMT

Lifelong Group-led consortium acquires car servicing startup GoMechanic - The Indian Express

Tue, 11 Feb 2025 08:00:00 GMT

GoMechanic Expands To Two-Wheeler Servicing, Plans 1,000 Stations - NDTV Profit

Wed, 29 Mar 2023 07:00:00 GMT

GoMechanic acquisition leaves VC investors empty-handed; Stride Ventures to recover Rs 100 cr debt in phases - Business Today

Mon, 18 Dec 2023 08:00:00 GMT

GoMechanic, MoEVing launch EV service for fleet aggregators - financialexpress.com

FundzWatch™ Score

70
Medium Activity

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech