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Gomechanic revenue

WebMar 20, 2024 · New Delhi: Automobile repair and service solution startup, GoMechanic has raised Rs 105 cr ($ 14.7 mn) in a Series-B funding round, led by Chiratae Ventures and Sequoia Capital. The funding was ... WebJan 21, 2024 · Bloomberg’s report revealed that EY’s research alleged that about 60 of the more than 1,000 GoMechanic service centers may have violated accounting norms to overstate revenue and divert funds ...

Sequoia-Backed GoMechanic Inflated Revenue, to Fire 70% Staff

WebJan 18, 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 ... 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 … ガジリング https://b2galliance.com

GoMechanic inflated revenue report, major investors say

WebMar 15, 2024 · GoMechanic would be valued over $200 million in the Series C round,” said another person who also wished not to be named as talks are private. Caveat: the terms of the deal may change and it may not materialize. Entrackr ’s queries sent to GoMechanic and Sequoia didn’t elicit any immediate response. We will update the story in case they do. WebApr 9, 2024 · The Audit report was just the opposite of what GoMechanic had exhibited over time, it said, out of the 1000 touch points 60 of them were just on paper and didn’t … ガジリ 意味

GoMechanic: The Perils of Growing By All Means Entrepreneur

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Gomechanic revenue

GoMechanic revenue nears Rs 100 Cr in FY22, losses …

WebJan 21, 2024 · Today we take a deep dive into what brewed just months before the confessions of accounting lapses were made by the GoMechanic founder Amit Bhasin in January. 13 Feb, 2024, 07:17 AM IST. ... The Deepinder Goyal-led food delivery app has reasons to feel confident as consolidated revenue from operations has surged 75% to … WebAuthor GoMechanic Clone, Uber for Car Repair, Uber for Mechanics. “When your vehicle is in trouble, seek the help of a technician”. This motto is the reason for the success of GoMechanic, an Indian car repair service app. Currently, it operates across 35 cities and owns 600 garages and workshops. The automobile services startup also raised ...

Gomechanic revenue

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WebSep 14, 2024 · GoMechanic seemed like a well-oiled machine. Revenues leapt from Rs 4.65 crore in FY19 to Rs 68.35 crore in FY21. In terms of footprint and cars serviced, the growth was equally staggering: From 10,266 cars serviced in Q2 of 2024 to 1,13,288 in Q2 of this year; from 7 cities to 37; and from 40 garages to 617. WebJan 18, 2024 · GoMechanic layoffs will affect about "70% of the workforce", said cofounder Amit Bhasin in a LinkedIn post. Benchmarks . Nifty 42.1. Precious Metal . Gold (MCX) ... including but not limited to inflation of revenue, which the founders have acknowledged," said a statement by its major investors -- Sequoia Capital, Tiger Global, Chiratae …

WebSep 14, 2024 · GoMechanic seemed like a well-oiled machine. Revenues leapt from Rs 4.65 crore in FY19 to Rs 68.35 crore in FY21. In terms of footprint and cars serviced, the growth was equally staggering: From ... WebView GoMechanic (www.gomechanic.in) location in Tamil Nadu, India , revenue, industry and description. ... GoMechanic's revenue is $20.5 Million What is GoMechanic's SIC …

WebMar 28, 2024 · GoMechanic provides an online car servicing platform intended to help people to schedule their car servicing online in a desired time. Search Crunchbase. Start Free Trial . ... cnbctv18.com — GoMechanic co-founder Amit Bhasin apologises for revenue fudging and 70% staff cut . WebJan 19, 2024 · In June 2024, GoMechanic raised $42 million as part of its Series C round, led by Tiger Global. Before this funding, GoMechanic raised $14.7 million in a Series B …

WebGoMechanic is India’s largest network of 500+ car service centers across Bangalore, Mumbai, Pune, Hyderabad, Delhi NCR, Chennai, Jaipur, Ahmedabad & Chandigarh & more.

WebAug 18, 2024 · Go Mechanic owns almost 70 percent of the business at the workshops. It has a twofold revenue model: one is through sales of spare parts to the workshops and the other is lead generation to them. patino obituaryWebGoMechanic is India’s largest network of 500+ car service centers across Bangalore, Mumbai, Pune, Hyderabad, Delhi NCR, Chennai, Jaipur, Ahmedabad & Chandigarh & more. かしるWebJan 18, 2024 · EY’s research alleged that about 60 of the more than 1,000 GoMechanic service centers may have violated accounting norms to overstate revenue and divert … ガジルバモスWebGoMechanic is a network of multi-brand Car Service centres spread across multiple locations in Ludhiana. We offer the best car services at the most affordable prices. Not only you get a wide selection of Car Services to choose from, but you also save up to 40% on Car Service compared to what is charged at other service centres. ガジルガゼルWebJan 24, 2024 · A tale of growth pressures, inflated revenue and unicorn aspirations, the GoMechanic scam appears to contain in equal measure sordid details as well as lessons for the future pati nombreWebJan 18, 2024 · Automobile after-sales service startup GoMechanic co-founder Amit Bhasin on Wednesday admitted to errors in financial reporting, following which a forensic audit has been ordered and a business ... patino lawn careWebFeb 10, 2024 · As of December last year, the startup’s annual gross sales stood at over $166 million and its annual net revenue had exceeded $50 million, GoMechanic shared … かじり防止