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goMechanic

GoMechanic says secures $6 mn in first capital raise after acquisition

TMT

08 November, 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 ......

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Strengthening audit after GoMechanic fraud, planning quicker exits: Orios' Anup Jain

Finance

13 April, 2023

Strengthening audit after GoMechanic fraud, planning quicker exits: Orios' Anup Jain

Early-stage venture capital firm Orios Venture Partners has set up an audit function at the fund level to strengthen systems ......

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Deals Digest: Startup funding value halves this week; M&A picks up pace

TMT

31 March, 2023

Deals Digest: Startup funding value halves this week; M&A picks up pace

The total value of private equity and venture capital deals in India almost halved this week from the previous five-day ......

LifeLong-led consortium acquires GoMechanic in slump sale

TMT

29 March, 2023

LifeLong-led consortium acquires GoMechanic in slump sale

A consortium led by auto component maker Lifelong India Pvt. Ltd has bought beleaguered car care platform GoMechanic in a ......

Grapevine: ATC, I Squared plan stake sales; Axis Bank hires Credit Suisse exec

General

15 March, 2023

Grapevine: ATC, I Squared plan stake sales; Axis Bank hires Credit Suisse exec

American Tower Corp (ATC) is looking to sell a stake in its India operations to one or more private investors, ......

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GoMechanic auditors had raised red flags

Finance

20 January, 2023

GoMechanic auditors had raised red flags

Auditors of car service platform GoMechanic, whose founders confessed to errors in financial reporting, had previously identified non-compliance with accounting ......

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Orios writes down GoMechanic investment

Finance

20 January, 2023

Orios writes down GoMechanic investment

Venture capital firm Orios Venture Partners, which owns about 17.1% of troubled car servicing startup GoMechanic, in an internal mail ......

GoMechanic admits to irregularities, investors seek audit

General

18 January, 2023

GoMechanic admits to irregularities, investors seek audit

Investors of GoMechanic have ordered a forensic audit of the accounts of the car servicing startup by EY to examine ......

GoMechanic launches partner stock option plan (PSOPs)

Consumer

05 July, 2022

GoMechanic launches partner stock option plan (PSOPs)

Online auto-focused after-sales and spare parts startup, GoMechanic has launched a Rs 30 crore partner stock option plan (Psop) to ......

1K Kirana raises $25 mn from Alpha Wave Ventures, others

Consumer

23 May, 2022

1K Kirana raises $25 mn from Alpha Wave Ventures, others

Odicea Distribution Technologies Pvt. Ltd, which runs the offline to online neighborhood store network 1K Kirana, on Monday said it ......