HomeOthersGoMechanic 2.0 ! startup raises $6 million in new funding round

GoMechanic 2.0 ! startup raises $6 million in new funding round

Published on

spot_img
GoMechanic 2.0?: Auto After-Sales Startup Bags $6 Mn To Expand Footprint, Launch New Products
  1. GoMechanic, an auto spare parts startup, has raised $6 million in a strategic funding round.
  2. The funding round was led by an undisclosed family office and also saw participation from existing investors, including Stride Ventures.
  3. Following its acquisition by Servizzy earlier this year, GoMechanic has experienced a remarkable 4X increase in revenue.
  4. The startup is on track to double its revenue by the end of fiscal year 2024 (FY24).
  5. GoMechanic’s funding round and revenue growth indicate continued investor confidence in the company, despite the change in ownership after its fire sale to Servizzy.
SourceINC 42

Latest articles

Zepto claims 2nd spot in monthly active customers, surpasses JioMart

Zepto, a Bengaluru-based quick-commerce app, has surged ahead of JioMart in November, securing the...

Google unveils long-awaited Gemini AI model to Catch Up to OpenAI

Google released its advanced chatbot, Bard, underpinned by the new A.I. technology, Gemini, as...

Domestic electronics manufacturing up 4x to Rs 8.22 lakh cr in FY23 : IT Ministry

Over the last decade, domestic electronics manufacturing in India has witnessed remarkable growth, increasing...

MPL post Rs 814 crore revenue & around Rs 300 crore loss in FY23

The Indian entity of MPL reported Rs 814.2 crore in revenue from operations in...

More like this

Zepto claims 2nd spot in monthly active customers, surpasses JioMart

Zepto, a Bengaluru-based quick-commerce app, has surged ahead of JioMart in November, securing the...

Google unveils long-awaited Gemini AI model to Catch Up to OpenAI

Google released its advanced chatbot, Bard, underpinned by the new A.I. technology, Gemini, as...

Domestic electronics manufacturing up 4x to Rs 8.22 lakh cr in FY23 : IT Ministry

Over the last decade, domestic electronics manufacturing in India has witnessed remarkable growth, increasing...