.
MergerLinks Header Logo

New Deal


Announced

Completed

Tiger Global led a $42m Series C round in GoMechanic.

Financials

Edit Data
Transaction Value£30m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

car workshop

Auto Services

Acquisition

Private

Private Equity

Minority

Friendly

Cross Border

Completed

India

Venture Capital

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US