Amit Bhasin

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GoMechanic crisis: Startup funding due diligence to get stricter and longer

As the final verdict on GoMechanic awaits, the VC ecosystem is rethinking its ways. Founders will find their funding getting delayed and there will be more questioning. Even early-stage investments may take longer time now, investors said.
GoMechanic taps Cars24, Spinny for a distress sale

GoMechanic's latest funding round was called off last week following alleged misreporting of financials during due diligence, which the founders later admitted to.
GoMechanic fraud: How chasing growth at all costs brought down a rising startup

GoMechanic had all the right mix to be a pioneer in the garage services business. It had the first-mover advantage, IIM A-graduate founders, big names of the VC world either invested or interested, a strong customer base, and a network of nearly 1,000 garages across 40 cities in place. Yet things went downhill.
What GoMechanic co-founder said after announcing 70% staff lay-offs. Read full post

GoMechanic has announced that approximately 70 per cent of its workforce will be laid off.

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Amit Bhasin

GoMechanic crisis: Startup funding due diligence to get stricter and longer

GoMechanic taps Cars24, Spinny for a distress sale

GoMechanic fraud: How chasing growth at all costs brought down a rising startup

What GoMechanic co-founder said after announcing 70% staff lay-offs. Read full post