| Date | Title | Description |
| 02.10.2024 | Peak XV cuts largest fund by 16% as it slows growth-stage capital deployment
Recommended Stories For You | Peak XV Partners (formerly Sequoia Capital India) has cut the size of its largest fund by 16% as growth-stage funding to the startup ecosystem slowed down significantly over the past two years.
The VC firm, which raised $2.85 billion for it... |
| 19.09.2024 | GoMechanic Goes Full Throttle In E-Mobility Play, To Launch Dedicated EV Workshops In Delhi & Others | SUMMARY
While the company did not disclose the exact date of the launch, but said that it aims to set up 100 EV-focused workshops by the financial year 2024-25 (FY25) end and double down the numbers by FY26
Additionally, GoMechanic also tar... |
| 31.07.2024 | Within six months, Apollo Tires closed automotive service platform Trumigo | According to sources, the multinational tire manufacturer Apollo Tyres has discontinued its doorstep car service program, Trumigo. Notably, the platform stopped offering its services six months after it launched.
Sources claim that the busi... |
| 01.05.2024 | India’s companies thrive on public markets, but VCs are holding back | Premium Content
It takes our newsroom weeks - if not months - to investigate and produce stories for our premium content. You can’t find them anywhere else.
Samreen Ahmad · 1d ago · 5 min readIndia’s companies thrive on public markets, but ... |
| 10.11.2023 | GoMechanic valued at $20 Mn in new fundraise | Car-servicing startup GoMechanic has raised money after nearly 30 months. And it seems like a rebuild from almost scratch, as the Gurugram-based company has roped in two dozen investors to raise $6 million as it tries to get back on its fee... |
| 08.11.2023 | GoMechanic says secures $6 mn in first capital raise after acquisition | Automobile car service and repair company GoMechanic, which was recently acquired by a subsidiary of the Lifelong Group after its co-founders admitted to fraud, said Wednesday it has raised $6 million (around Rs 50 crore) in a new funding r... |
| 08.11.2023 | GoMechanic 2.0: New Founders secure $6 mn funding from marquee investor | Beleaguered car servicing startup GoMechanic has secured $6 million in capital. The funding comes several months after GoMechanic founders admitted to financial irregularities and investors began an insolvency process. In March this year, t... |
| 11.03.2023 | GoMechanic Finds A Buyer In CarTrade, Beleaguered Startup Valued At Over $30 Mn | CarTrade has reportedly valued GoMechanic at a little over $30 Mn, a steep decline from its post-money valuation of $285 Mn in June 2021
Besides CarTrade, another investor firm is also involved in the deal
The development comes almost two m... |
| 13.09.2022 | SoftBank plans to invest $35 M in India’s GoMechanic | One of the Japanese investor’s smaller bets in India by its Vision Fund, which generally signs bigger checks, is in discussions to invest $35 million in Indian vehicle servicing and repair firm GoMechanic, according to two individuals who s... |
| 06.09.2022 | SoftBank plans to invest $35 million in Indian car service and repair tech startup GoMechanic | Last month, SoftBank reported its biggest ever loss, posting a $21.6 billion in just three months. But that has stopped the firm from making smaller bets on promising and innovative tech startups. This morning, Reuters is reporting that Sof... |
| 05.07.2022 | Auto service firm GoMechanic launches Rs 30 cr partner stock option scheme | GoMechanic, the aftermarket automotive service and maintenance platform, launched a Rs 30 crore partner stock option for its services partners, workshops, retailers, distributors and consultants across India.
The stock options will have a 4... |
| 11.02.2022 | 3-Point Seat Belt Now Compulsory For Front Passengers In Car: How Will It Work? | Three-point seatbelt was first patented by Volvo in August 1959.
The government has made having three-point seat belts for all front-facing passengers in a car mandatory.
Contents
1 First Company To Develop The Belt
2 Indian Cars Fall Short... |
| 09.02.2022 | Tiger Global in talks to invest in GoMechanic at over $1 billion valuation | Tiger Global is in talks to lead a new financing round in GoMechanic, an India startup that operates a network of technology-enabled automobile service centres, two sources familiar with the matter said.
The proposed talks for the Gurugram-... |
| 23.06.2021 | Tiger Global leads $42m funding in Indian car service startup GoMechanic | Premium
Gurugram-based GoMechanic, a technology-enabled auto after-sales service and spare parts company, has raised $42 million in a Series C round led by New York-based investment firm Tiger Global Management, per an announcement on Wedne... |
| 23.06.2021 | GoMechanic secures $42mn in Series C funding round led by Tiger Global | GoMechanic, the technology-enabled auto after-sales service and spare parts company, has secured $42 million in Series C funding in a round led by Tiger Global Management with the existing investors Sequoia Capital India, Orios Venture Part... |
| 23.06.2021 | Tiger Global leads $42m funding in Indian car service startup GoMechanic | Gurugram-based GoMechanic, a technology-enabled auto after-sales service and spare parts company, has raised $42 million in a Series C round led by New York-based investment firm Tiger Global Management, per an announcement on Wednesday.
Ex... |
| 23.06.2021 | GoMechanic closes Series C round at $42 mn, allocates $5 mn for ESOP buyback | Joseph Rai 23 Jun, 2021
Automobile servicing platform GoMechanic closed its Series C funding round at $42 million (Rs 352 crore), it said in a statement on Wednesday. The round was led by alternative investment firm Tiger Global Management.... |
| 23.06.2021 | GoMechanic raises $42 million in Series C funding led by Tiger Global, Sequoia Capital | Founded by Kushal Karwa, Amit Bhasin, Rishabh Karwa and Nitin Rana in 2016, GoMechanic promises doorstep pickup and drop.
Technology-enabled car service startup GoMechanic said on June 23 that it had raised $42 million in Series C funding l... |
| 23.06.2021 | GoMechanic Secures $42 Mn Series C Funding | June 23, 2021 3 min read
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Technology-enabled auto aftersales service and spare parts company ... |
| 23.06.2021 | GoMechanic raises $42 million in funding led by Tiger Global | ETtechIllustration: Rahul Awasthi
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 e... |
| 13.06.2021 | Gurugram-based GoMechanic Raised USD 35 Million In Series C Funding Round | Multi-brand car workshop and spare parts platform GoMechanic has raised $35 million in its Series C round led by Tiger Global Management. The Gurugram-based company was in talks with a couple of blue-chip investors, including the New York-b... |
| 20.04.2021 | Tiger in talks to invest $100 mn in GoMechanic | Tiger in talks to invest $100 mn in GoMechanicPremium(From left) GoMechanic co-founders Kushal Karwa, Nitin Rana, Amit Bhasin and Rishabh Karwa. 1 min read . Updated: 20 Apr 2021, 12:20 AM IST Deborshi Chaki, Swaraj Singh Dhanjal
Founded by... |
| 30.12.2019 | [Funding alert] GoMechanic raises $14.7M in Series B round led by Sequoia Capital, Chiratae Ventures | Gurugram-based automotive service startup GoMechanic has raised Rs 105 crore in Series B funding round led by existing investor Sequoia Capital and a new partner Chiratae Ventures, while Orios Venture Partners also participated in the round... |
| 30.12.2019 | GoMechanic secures Rs 105 Cr in Series B round led by Chiratae and Sequoia | After being in advanced stages of raising funds for the past four months, automobile repair and service solutions startup GoMechanic has secured Rs 105 crore in a Series B funding round led by Chiratae Ventures and Sequoia Capital.
Orios Ve... |
| 23.01.2019 | Sequoia leads $5 Mn Series A round in car servicing startup GoMechanic | In what looks like the first funding in the online car servicing industry for CY19, GoMechanic, a three-year-old startup has received Rs 30-35 crore ($4-5 million) from Sequoia Capital in a Series A round.
GoMechaninc founder Kushal Karwa i... |
| 23.01.2019 | GoMechanic raises up to $4.9m in funding round led by Sequoia Capital | Premium
Automobile repair and service solution startup GoMechanic has raised ₹30-35 crore ($4-$4.9 million) in a Series A round led by Sequoia Capital, said three people aware of the development, requesting anonymity.
Continue reading this ... |
| - | Funding Galore: Startup Fundings Of The Week [5 December – 10 December] | This week 14 startups raised over $12 Mn in funding altogether. (Funding amount is based on the startups that disclosed their funding amounts.)Startup Fundings Of The Week
Rupaiya Exchange: Delhi-based fintech startup that facilitates peer-... |
| - | [Funding alert] GoMechanic raises $42M from Tiger Global, Sequoia, others | Spare parts and multi-brand car workshop GoMechanic has raised $42 million in Series C funding round led by Tiger Global Management, with Sequoia Capital India, Orios Venture Partners and Chiratae Ventures participating in the rou... |
| - | GoMechanic | “Book Car Service & Repairs, Car Wash, Denting-Painting, Car Wheel Care Services at Best Car Garages in Ludhiana.” |
| - | GoMechanic launches extended warranty package starting Rs 200 a month, to expand reach to 1,500 workshops across India | GoMechanic, an automotive service and maintenance startup has launched its new range of Extended Warranty Packages targeted for the passenger vehicle market.
The company is introducing 5 Unique Warranty packages, including an Authorised War... |
| - | Sequoia Leads Up to $4.9 Mn Funding In Automobile Service Startup GoMechanic | Gurugram-based automobile repair and service solution startup GoMechanic has reportedly raised $4 Mn – $4.9 Mn (INR 30-35 Cr) in a Series A round led by Sequoia Capital. It may use fresh funds to expand to new cities and bulk up hiring at l... |
| - | Seven months post-acquisition, GoMechanic secures $6M in fresh capital
Recommended Stories For You | Car service and repair firm GoMechanic, which was acquired by Lifelong Group’s Servizzy seven months ago following financial irregularities, has secured $6 million in fresh capital.
The funding was led by a “marquee” investor, along with ... |
