GoMechanic

Sequoia Capital’s regional arm in South and Southeast Asia is weighing special audits of several investments in the region following allegations of financial irregularities at firms such as Zilingo Pte and GoMechanic.The venture capital…

Edited By: Mohammad HarisLast Updated: January 18, 2023, 16:32 ISTGoMechanic was founded in 2016 (Representative image)GoMechanic co-founder Amit Bhasin says this restructuring is going to be painful, a third party firm will conduct an…

This week the lending unit of US crypto firm Genesis filed for bankruptcy protection, becoming the latest digital asset company to go bust after the collapse of the ‘stablecoin’ terraUSD and its sister token Luna last May.Here’s a list of…

Pricewaterhouse, the auditor of troubled car servicing startup GoMechanic in the financial year ended March 2020 (FY20), had flagged discrepancies in how the Sequoia Capital-backed startup had reported its business activities and assets,…

On Wednesday, GoMechanic founder Amit Bhasin confessed on LinkedIn about inflating business numbers and getting ‘carried away’ while chasing growth. Now, it has come to light that Pricewaterhouse, its auditor in FY20, had flagged…

 Amit Bhasin, the co-founder of startup GoMechanic , admitted to financial reporting errors on Wednesday. GoMechanic manipulated its financial records by exaggerating revenues after it secured a massive $42 million in funding two years ago,…

With SoftBank and Malaysia’s Khazanah pulling the plug on GoMechanic's funding round after EY flagged issues like inflated revenues, and fictitious garages, the startup has admitted to making what its founder Amit Bhasin called “grave…

With SoftBank and Malaysia’s Khazanah pulling the plug on GoMechanic funding round after EY flagged issues like inflated revenues, fictitious garages, the startup has admitted to making what its founder Amit Bhasin called “grave mistakes”.…

BENGALURU: Gurugram-based car repair startup GoMechanichas fired around 700 employees, and admitted to "errors” in financial reporting. The startup is being audited for misstating facts which investors said is not limited to inflating…

SoftBank is learnt to have pulled out from investing in car servicing startup GoMechanic after due diligence (DD) brought to light glaring loopholes in the company's accounts and operations, people aware of the matter said. The investment…