site stats

Gomechanic financials

WebMar 11, 2024 · The acquisition of GoMechanic is the latest in a series of moves by CarTrade to expand its presence in the Indian auto market. Last year, the company acquired rival online auto marketplace CarWale in a deal worth over $90 million, and has since been working to integrate the two platforms. WebView Avni Tiwari's business profile as Operation Executive at GoMechanic. Find contact's direct phone number, email address, work history, and more.

Sequoia-backed GoMechanic inflates revenue, fires 700 - Times of …

WebJan 19, 2024 · By Express News Service. BENGALURU: Online car service and repair start-up GoMechanic has admitted to financial reporting ‘errors’, and will fire 70% of the 1,200-odd workforce. Now the cash ... Web1 day ago · Early-stage venture capital firm Orios Venture Partners has set up an audit function at the fund level to strengthen systems following the financial misreporting by GoMechanic's founder, a top executive told VCCircle in an interview. Anup Jain, managing partner at Orios, also said the VC firm is looking to complete exits ..... head hq https://anthologystrings.com

Distressed Indian startup GoMechanic acquired by Lifelong Group …

WebFeb 21, 2024 · SoftBank plans $35 million bet on India's GoMechanic. Vision Fund's early-stage talks with GoMechanic are being held around a valuation of $600-700 million, with Malaysian sovereign fund Khazanah and existing investor Tiger Global also planning to invest in the $100-million funding round. 06 Sep, 2024, 02:59 PM IST. WebJan 18, 2024 · GoMechanic founder admits 'errors' in financial reporting; to layoff 70 per cent workforce The start-up reported Rs 96.8 crore in revenues and loss for the year stood at Rs 114.3 crore, up from Rs ... WebJan 19, 2024 · GoMechanic was in talks to raise around $75-80 million in a fresh funding round led by SoftBank, with participation from Malaysian sovereign fund Khazanah Nasional. It has so far raised close to ... head hr dixoninfo

For startup and finance enthusiasts here: How GoMechanic

Category:GoMechanic founder admits to financial reporting errors …

Tags:Gomechanic financials

Gomechanic financials

Financial audit, layoffs at GoMechanic after …

WebJan 20, 2024 · Amit Bhasin, the co-founder of GoMechanic, actually confessed to the crime on LinkedIn!!! He said that they’d committed financial fraud. Okay, he didn’t exactly use those words. Instead, he said ‘grave errors in judgement, particularly in regard to financial reporting.’ Then he edited the post and deleted the word grave. It was just an ... WebGoMechanic Total Funding $66.9 M Company summary Overview GoMechanic is a company that provides an online car servicing platform intended to help people to …

Gomechanic financials

Did you know?

WebJan 19, 2024 · Major investors of Indian car service and repair firm GoMechanic have ordered a probe after they were made aware of serious inaccuracies in the startup's financial reporting. The investors - Tiger … WebMar 28, 2024 · The Tech Portal — GoMechanic, the Sequoia India-backed auto services startup, lays off 70% employees amid financial misreporting News • Jan 18, 2024 YourStory — GoMechanic inflated sales numbers, lied to …

WebJan 18, 2024 · In a LinkedIn post on Wednesday, GoMechanic co-founder Amit Bhasin said the startup made “grave errors in judgement as we followed growth at all costs, … WebJan 20, 2024 · GoMechanic is not the only start-up that has been pulled up for financial misreporting. Byju's, Zilingo, Infra. Market, BharatPe, Bikayi, Trell, and several other prominent start-ups have gotten ...

WebJan 19, 2024 · GoMechanic has raised $55 million, and was valued at a little over $300 million in its last round of funding. It employs over 1,000 people. Its investors include Sequoia, Orios Venture Partners ... WebThe company, which admitted to errors in financial reporting last month, said it serviced 30,000 vehicles last month, which is 70 per cent of the peak sales it achieved in July …

WebNov 1, 2024 · GoMechanic had raised $42 million in a new round led by Tiger in June and the New York-based investor has just picked up 34 employee stock options ... While the company is yet to file an annual financial statement for FY21, its operating revenue jumped to Rs 24.04 crore in FY20 from Rs 17.33 crore in the previous fiscal (FY19). ...

WebDec 28, 2024 · GoMechanic has raised a total of $54.8M in funding over 7 rounds. Their latest funding was raised on Jun 7, 2024 from a Series C round. GoMechanic is funded … gold lotto results nsw check my ticketWebJan 19, 2024 · Internal financial controls apply to companies after they hit ₹ 50 crore in revenue, which became applicable for GoMechanic in FY22. GoMechanic reported its FY22 operating income at ₹ 91 crore ... headhpone jack macbook not workingWebJan 24, 2024 · The GoMechanic scam is the fourth high-profile case of corporate governance lapses among Sequoia Capital's portfolio companies, following grave allegations surfacing against Zilingo (April), Trell ... gold lotto results queensland saturdayWebApr 13, 2024 · Startup Funding Slowdown Shows Signs Of Bottoming Out Strengthening Audit After GoMechanic Fraud, Planning Quicker Exits: Orios’ Anup Jain What's Hobbling The Growth Of Litigation Financing In India? ... stage VC firm Orios Venture Partners has set up an audit function at the fund level to strengthen systems following the financial ... gold lotto results saturday qldWebFeb 13, 2024 · 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 in the face of potential bankruptcy, the Gurgaon-based company was powering through a different plan–spin off the spare parts business and raise capital. At the heart of this plan was a … gold lotto saturday results qldgold lotto results qld draw 4221WebJan 19, 2024 · GoMechanic had all the right mix to be a pioneer in the garage services business. It had the first-mover advantage, IIM A-graduate founders, big names of the … gold lotto results qld monday