Tag: gomechanic
GoMechanic: GoMechanic achieves operational profit in April-June; FY24 revenue hits Rs 210 crore
Car services and repair platform GoMechanic, which was on the verge of collapse about a year-and-a-half ago, on Tuesday said it achieved operational profit in…
corporate governance: ETtech Explainer: why startup unicorns, other large unlisted companies may come under tighter scrutiny
The Ministry of Corporate Affairs (MCA) is looking to frame new guidelines for large unlisted companies, including unicorns — privately held startups with a value…
gomechanic: Original investors file EOW complaint over financial irregularities at GoMechanic
The original investors of car servicing startup GoMechanic – Peak XV Partners (formerly Sequoia Capital India), Orios Venture Partners and Chiratae Ventures – have filed…
corporate governance: Corporate Governance issue wake-up call for startups; saddening to see any lapses: Bombay Shaving Company CEO
Corporate governance should be seen as a collective and unit responsibility of all stakeholders involved in a startup, Shantanu Deshpande, founder of Bombay Shaving Company…
stride ventures: Venture debt firm Stride Ventures announces $100-million first close of new fund
Stride Ventures on Tuesday announced the first close of its third fund at $100 million. The firm, which has provided venture debt to a slew…
Gomechanic acquisition: Car servicing startup GoMechanic acquired by Lifelong group led consortium in slump sale
Beleaguered automotive startup GoMechanic has been acquired by a consortium led by auto component maker Lifelong Group, the group said in a press statement. The…
sequoia capital india: Exclusive: Sequoia India’s Shailendra Singh on corporate governance lapses at startups, VC accountability, frothy tech valuations, and more
It has been a tumultuous year for Sequoia Capital India. Silicon Valley’s famed venture capital (VC) fund, an early backer of some of the most…
gomechanic roc examine books: RoC seeks to examine GoMechanic’s books after allegations of financial irregularities
The registrar of companies (RoC) has sought to examine the books of GoMechanic’s holding entity Targetone Innovations Pvt Ltd amid allegations of irregularities and corporate…
ETtech Long Read: How GoMechanic founders floated new business as trouble mounted at car servicing startup
About three to four months before GoMechanic’s founders confessed that the company’s growth was riddled with financial lapses and laid off 70% of the staff…