Gomechanic revenue
WebJan 18, 2024 · Earlier, due diligence conducted by EY (Ernst & Young) for prospective GoMechanic investors alleged that the Indian auto-services firm had inflated revenue, … WebTheir revenue grew from just INR 1.87 Cr in 2016 to INR 68.35 Cr in 2024; ... In 2024, GoMechanic was in talks with SoftBank to raise $850 to $900 million at a billion-dollar valuation. This would help them finally enter the unicorn club. But instead of good news, everything came crashing during these funding talks. During the due diligence ...
Gomechanic revenue
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WebJul 25, 2024 · The unravelling of GoMechanic after SoftBank-Khazanah funding collapsed; Oyo to refile IPO papers ... The company's revenues stood at Rs 714 crore at the end of FY20 and it reported flat revenue at Rs 187 crore in Q1 this fiscal. It reported an operating margin of 25.7%. 03 Sep, 2024, 03:43 PM IST. WebJan 19, 2024 · Top investors in India-based GoMechanic, a troubled car-servicing firm, said the startup had given them false financial information, which included inflated revenue numbers. In a statement given ...
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 .
WebMar 11, 2024 · GoMechanic reported that its revenue had doubled from Rs 47.2 crore in FY21 to Rs 96.8 crore in FY22, while its losses jumped over 4X from Rs 27.4 crore in FY21 to Rs 114.3 crore in FY22. WebJan 18, 2024 · Meanwhile, Bloomberg reported that EY's research suggested that 60 of the more than 1,000 GoMechanic service centres may have violated accounting standards to overstate revenue and divert funds.
WebJun 7, 2024 · Exclusive. Multi-brand car workshop and spare parts platform GoMechanic has raised $35 million in its Series C round led by Tiger Global Management. The Gurugram-based company was in talks with a couple of blue-chip investors, including the New York-based hedge fund, to score a big round. GoMechanic’s board has approved …
WebMar 20, 2024 · New Delhi: Automobile repair and service solution startup, GoMechanic has raised Rs 105 cr ($ 14.7 mn) in a Series-B funding round, led by Chiratae Ventures and Sequoia Capital. The funding was ... hugh ramsay bright starWebJan 19, 2024 · Internal financial controls apply to companies after they hit ₹ 50 crore in revenue, ... Sequoia Capital owns 26.89% of GoMechanic’s holding entity, followed by … holiday inn express issaquahWebApr 10, 2024 · According to a Bloomberg report citing EY's findings, about 60 of the over 1,000 GoMechanic service centers may have violated accounting laws to fudge revenue and divert funds. holiday inn express irelandWebMay 30, 2024 · Pre-Delivery Inspection exists one thing you shouldn't ignore when store a new motorcar. Know totality about PDI the this in-depth article. Read moreover. hugh raiten obitWeb68 Likes, 14 Comments - buildd.co (@_buildd) on Instagram: "In 2016, 4 IIMA grads decided to enter the car services business. In just a couple of years, the..." holiday inn express islip nyWebJan 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 … hugh r alcorn obituaryWebAug 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. hugh raiten long beach