Announced
Completed
Financials
Sources
Tags
car workshop
Auto Services
Acquisition
Private
Private Equity
Minority
Friendly
Cross Border
Completed
India
Venture Capital
Synopsis
Tiger Global led a $42m Series C round in GoMechanic, India's largest network of 500+ car service centers, with participation from Sequoia Capital, Orios Venture Partners and Chiratae Ventures. "GoMechanic has expanded geographically to several cities and made a deep foray into spares which is a $7bn opportunity with large profit pools. The team has also deployed tech across the value chain exceptionally well. This additional growth capital will enable the company to grow faster and tap into newer opportunities," Abhishek Mohan, Sequoia Principal.
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