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Auto Components Maker Lifelong Group Acquires After-Sales Service Startup GoMechanic
Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement.
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Car Repair Start-Up GoMechanic Acquired By Lifelong Group-Led Consortium
GoMechanic was acquired by a consortium led by car parts manufacturer Lifelong Group today ending months of uncertainty after the beleaguered car servicing startup announced job cuts and an independent review into its finances.
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GoMechanic to Lay Off 70 Percent Employees After Co-Founder Admits to Financial Misreporting
GoMechanic, the automobile after-sales service startup that raised $42 million (roughly Rs. 340 crore) in funding, said that it was cutting 70 percent of its workforce as part of a business restructuring. The move came after co-founder Amit Bhasin admitted to misreporting financial reports. A forensic audit has been ordered to gauge the magnitude o...
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GoMechanic Founder Admits To Cooked Books, 70% Staff Sacked
Nearly two years after it raised a mammoth $42 million in funding, it emerged that GoMechanic cooked its financial books by inflating revenues.
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SoftBank Plans To Invest $35 Million On Car service GoMechanic: Report
SoftBank Group is in talks to invest $35 million in car service and repair firm GoMechanic, in what would be one of the Japanese investor's smallest bets in India by its Vision Fund, which typically signs bigger cheques, two sources told Reuters.
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Car Repair Platform GoMechanic Grants Rs. 30 Crore Stock Options To Partners
GoMechanic has proposed a Partner Stock Option Programme (PSOP) under which it has granted stocks worth Rs. 30 crore for its service partners. The stock options will have a 4-year vesting duration with yearly vesting at 25 per cent and a cliff period of one year.
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GoMechanic Introduces Extended Warranties For Car Owners In 60+ Cities
Automotive service start-up says extended warranty packages start from as low as Rs 200 per month and are valid for 1 year or 10,000km.
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EVRE To Install Charging Stations At GoMechanic Workshops
GoMechanic has a wide network of over 800 workshops across 35 cities and EVRE will be responsible for setting up and operating the charging stations at the service centres.
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Battery Smart Partners With GoMechanic To Set Up Battery Swapping Stations Across India
Delhi-based start-up, Battery Smart, which offers battery swapping solutions for electric two and three-wheelers, has announced entering a partnership with car repair and service provider, GoMechanic. Under the new partnership, Battery Smart aims to set up battery swapping stations in 100+ GoMechanic garages across India.
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GoMechanic Secures $42 Million Series C Funding; Plans To Explore Global Opportunities
Auto after-sales service and spare parts startup, GoMechanic, today announced securing an investment of $42 million, nearly Rs. 312 crore, in Series C funding. It is the fourth round of institutional funding for GoMechanic, and this one was led by Tiger Global Management with the existing investors - Sequoia Capital India, Orios Venture Partners& C...
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Groupe PSA Launches Eurorepar In India; Signs Agreement With GoMechanic
Eurorepar is present across 100 countries around the world, the range promises smart prices and quality products, regardless of the make and model of a vehicle.
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Top Doorstep Vehicle Service Companies In The Time Of COVID-19
In the post-COVID-19 world, the new normal is to stay home and order online. With that in mind, we list down the auto mechanic and repair companies that offer doorstep services to carry repairs, scheduled service or cleaning at your home.
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Hero MotoCorp Chairman Pawan Munjal Invests In GoMechanic India
The country's largest two-wheeler manufacturer, Hero MotoCorp's Chairman, MD & CEO, Pawan Munjal has recently made an undisclosed amount of investment in automobile repair and service solution start-up, GoMechanic India.
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Auto Components Maker Lifelong Group Acquires After-Sales Service Startup GoMechanic
Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement.
-
Car Repair Start-Up GoMechanic Acquired By Lifelong Group-Led Consortium
GoMechanic was acquired by a consortium led by car parts manufacturer Lifelong Group today ending months of uncertainty after the beleaguered car servicing startup announced job cuts and an independent review into its finances.
-
GoMechanic to Lay Off 70 Percent Employees After Co-Founder Admits to Financial Misreporting
GoMechanic, the automobile after-sales service startup that raised $42 million (roughly Rs. 340 crore) in funding, said that it was cutting 70 percent of its workforce as part of a business restructuring. The move came after co-founder Amit Bhasin admitted to misreporting financial reports. A forensic audit has been ordered to gauge the magnitude o...
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GoMechanic Founder Admits To Cooked Books, 70% Staff Sacked
Nearly two years after it raised a mammoth $42 million in funding, it emerged that GoMechanic cooked its financial books by inflating revenues.
-
SoftBank Plans To Invest $35 Million On Car service GoMechanic: Report
SoftBank Group is in talks to invest $35 million in car service and repair firm GoMechanic, in what would be one of the Japanese investor's smallest bets in India by its Vision Fund, which typically signs bigger cheques, two sources told Reuters.
-
Car Repair Platform GoMechanic Grants Rs. 30 Crore Stock Options To Partners
GoMechanic has proposed a Partner Stock Option Programme (PSOP) under which it has granted stocks worth Rs. 30 crore for its service partners. The stock options will have a 4-year vesting duration with yearly vesting at 25 per cent and a cliff period of one year.
-
GoMechanic Introduces Extended Warranties For Car Owners In 60+ Cities
Automotive service start-up says extended warranty packages start from as low as Rs 200 per month and are valid for 1 year or 10,000km.
-
EVRE To Install Charging Stations At GoMechanic Workshops
GoMechanic has a wide network of over 800 workshops across 35 cities and EVRE will be responsible for setting up and operating the charging stations at the service centres.
-
Battery Smart Partners With GoMechanic To Set Up Battery Swapping Stations Across India
Delhi-based start-up, Battery Smart, which offers battery swapping solutions for electric two and three-wheelers, has announced entering a partnership with car repair and service provider, GoMechanic. Under the new partnership, Battery Smart aims to set up battery swapping stations in 100+ GoMechanic garages across India.
-
GoMechanic Secures $42 Million Series C Funding; Plans To Explore Global Opportunities
Auto after-sales service and spare parts startup, GoMechanic, today announced securing an investment of $42 million, nearly Rs. 312 crore, in Series C funding. It is the fourth round of institutional funding for GoMechanic, and this one was led by Tiger Global Management with the existing investors - Sequoia Capital India, Orios Venture Partners& C...
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Groupe PSA Launches Eurorepar In India; Signs Agreement With GoMechanic
Eurorepar is present across 100 countries around the world, the range promises smart prices and quality products, regardless of the make and model of a vehicle.
-
Top Doorstep Vehicle Service Companies In The Time Of COVID-19
In the post-COVID-19 world, the new normal is to stay home and order online. With that in mind, we list down the auto mechanic and repair companies that offer doorstep services to carry repairs, scheduled service or cleaning at your home.
-
Hero MotoCorp Chairman Pawan Munjal Invests In GoMechanic India
The country's largest two-wheeler manufacturer, Hero MotoCorp's Chairman, MD & CEO, Pawan Munjal has recently made an undisclosed amount of investment in automobile repair and service solution start-up, GoMechanic India.
