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Top News In Gomechanic Business Today - Breaking & Trending Today

GoMechanic scam: How the garage chains crash exposes lack of due diligence by startup investors

With this scandal, GoMechanic has become the fourth startup funded by Sequoia, to be caught mismanaging funds. ....

Ashneer Grover , Although India ,

GoMechanic admits to financial misreporting; lays off 70% of its staff

Most well known secrets of startups are tumbling out. As usual employees are the ones who pay the price. GoMechanic founder admits to financial reporting errors, to lay off 70% of workforce It is hard ....

Sequoia Capital Backed , Gomechanic Admits To Financial Misreporting Lays Off 70 Of Its Staff , Eam Bhp Teambhp Indian Car Forum Community Automotive Cars Website Scene India ,

Sequoia India-backed GoMechanic fires 70% of the workforce amidst violation of accounting norms

Bloomberg reported that EY s research suggested that about 60 of the more than 1,000 GoMechanic service centres may have broken accounting rules to inflate revenue and divert funds ....

Amit Bhasin , Kushal Karwa , Layoffs In India , Ernst Amp Young Ey , Financial Irregularities , Accounting Norms , Sequoia India , Sequoia Capital India ,

Orios writes down GoMechanic investment

The Gurugram-based firm was looking to raise a new funding round led by SoftBank and Khazanah Nasional and was commanding a valuation of over $800 million. ....

Khazanah Nasional , Amit Bhasin ,

Tech Layoffs: GoMechanic to fire 70% of workforce for restructuring, says co-founder Amit Bhasin

Bhasin in the post said, We take full responsibility for this current situation and unanimously have decided to restructure the business while we look for capital solutions. ....

Nitin Rana , Rishabh Karwa , Amit Bhasin , Kushal Karwa , Tech Layoff ,