goMechanic
General
Grapevine: Fairfax, Kotak in final lap for IDBI Bank stake sale; Spinny to raise fresh funds
Toronto-based Fairfax Financial and Kotak Mahindra Bank have emerged as frontrunners to acquire a controlling stake in ......
TMT
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 ......
Finance
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 ......
TMT
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 ......
TMT
LifeLong-led consortium acquires GoMechanic in slump sale
A consortium led by auto component maker Lifelong Group on Wednesday said it has bought beleaguered car workshop and ......
General
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, ......
Finance
GoMechanic auditors had raised red flags
Auditors of car service platform GoMechanic, whose founders confessed to errors in financial reporting, had previously ......
Finance
Orios writes down GoMechanic investment
Venture capital firm Orios Venture Partners, which owns about 17.1% of troubled car servicing startup GoMechanic, in an ......
General
GoMechanic admits to irregularities, investors seek audit
Sequoia-backed GoMechanic founder Amit Bhasin said the company had made ‘errors in judgement’ in financial reporting......
Consumer
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)...
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