Sequoia India-backed GoMechanic faces severe trouble
Reading Time: < 1 minutesThe Gurgaon-headquartered startup has cut 70% of the workforce and asked the remaining staff to work without pay for three months, Indian news outlet The Morning Context reported Tuesday, citing unnamed sources.
GoMechanic did not respond to a request for comment.
The talks did not materialize into a deal after some discrepancy was found during the due diligence process, the source said. The startup later engaged with a number of investors including Malaysia’s Khazanah to raise a large round.
This round is also unlikely to go through as serious discrepancies have been found in its books, the source said, requesting anonymity speaking to the press. A recent probe into the startup, which counts Tiger Global among its backers, found that several of its garages were fictitious among other issues, the source said.
Reference: https://techcrunch.com/2023/01/17/sequoia-india-backed-gomechanic-faces-severe-trouble/
Ref: techcrunch
MediaDownloader.net -> Free Online Video Downloader, Download Any Video From YouTube, VK, Vimeo, Twitter, Twitch, Tumblr, Tiktok, Telegram, TED, Streamable, Soundcloud, Snapchat, Share, Rumble, Reddit, PuhuTV, Pinterest, Periscope, Ok.ru, MxTakatak, Mixcloud, Mashable, LinkedIn, Likee, Kwai, Izlesene, Instagram, Imgur, IMDB, Ifunny, Gaana, Flickr, Febspot, Facebook, ESPN, Douyin, Dailymotion, Buzzfeed, BluTV, Blogger, Bitchute, Bilibili, Bandcamp, Akıllı, 9GAG