Gomechanic financials
WebApr 10, 2024 · Amit Bhasin, the co-founder of GoMechanic, acknowledged financial reporting errors at the Sequoia-backed auto repair startup in a LinkedIn post by saying, "Our passion got the better of us." He ... WebJan 18, 2024 · GoMechanic founder admits 'errors' in financial reporting; to layoff 70 per cent workforce The start-up reported Rs 96.8 crore in revenues and loss for the year stood at Rs 114.3 crore, up from Rs ...
Gomechanic financials
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WebJan 18, 2024 · GoMechanic had earlier reported that its revenue had doubled from Rs 47.2 crore in FY21 to Rs 96.8 crore in FY22, while losses jumped over 4X from Rs 27.4 crore … 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 …
WebJan 24, 2024 · The GoMechanic scam is the fourth high-profile case of corporate governance lapses among Sequoia Capital's portfolio companies, following grave allegations surfacing against Zilingo (April), Trell ... WebJan 18, 2024 · GoMechanic, the Sequoia India-backed auto services startup, lays off 70% employees amid financial misreporting Up next Enterprise AI upstart Mad Street Den raises $30Mn led by Avatar Growth Capital
WebGoMechanic Comparisons Description Primary Industry HQ Location Employees Total Raised Post Valuation Last Financing Details Operator of an online car servicing platform … WebJan 20, 2024 · GoMechanic is not the only start-up that has been pulled up for financial misreporting. Byju's, Zilingo, Infra. Market, BharatPe, Bikayi, Trell, and several other …
WebYes, the founders had exaggerated some numbers, and the overall startup funding market is down, but the GoMechanic business in 2024 wasn’t very different from the GoMechanic business in 2024. If GoMechanic has exaggerated its revenue by, say, 20%, the “rational” way to look at it would be to discount the valuation by around the same figure.
WebJan 18, 2024 · Founded in 2016, GoMechanic offers car services such as periodic checkups, air conditioning repairs, batteries, and online insurance claims. Bhasin said in the post that the company has served ... greyhounds bed and breakfast burfordWeb1 day ago · Early-stage venture capital firm Orios Venture Partners has set up an audit function at the fund level to strengthen systems following the financial misreporting by GoMechanic's founder, a top executive told VCCircle in an interview. Anup Jain, managing partner at Orios, also said the VC firm is looking to complete exits ..... field and company picnic blanketWebGoMechanic's latest funding round was a Acquired for on March 12, 2024. GoMechanic's valuation in June 2024 was $285M. GoMechanic's latest post-money valuation is from … field and barn coatsWebJan 20, 2024 · Amit Bhasin, the co-founder of GoMechanic, actually confessed to the crime on LinkedIn!!! He said that they’d committed financial fraud. Okay, he didn’t exactly use those words. Instead, he said ‘grave errors in judgement, particularly in regard to financial reporting.’ Then he edited the post and deleted the word grave. It was just an ... greyhounds betWebThe company, which admitted to errors in financial reporting last month, said it serviced 30,000 vehicles last month, which is 70 per cent of the peak sales it achieved in July … field and company coolerWebJan 18, 2024 · In a LinkedIn post on Wednesday, GoMechanic co-founder Amit Bhasin said the startup made “grave errors in judgement as we followed growth at all costs, … field and farm cafeWebJan 24, 2024 · The GoMechanic scam is the fourth high-profile case of corporate governance lapses among Sequoia Capital's portfolio companies, following grave allegations surfacing against Zilingo (April), Trell ... greyhounds as pets wyee