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Another Sequoia Startup Faces The Heat: GoMechanic Admits False Financial Reporting

In a social media post, GoMechanic cofounder Amit Bhasin said that the startup made errors in judgment even in regard to financial reporting ....

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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. ....

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Sequoia India-backed GoMechanic lays off 70% of workforce

Homegrown online vehicle repair platform GoMechanic, backed by Sequoia India, has laid off 70 per cent of its workforce as the startup struggles to raise funds amid serious concerns of accounting troubles, the media reported.The company has . ....

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Sequoia-backed GoMechanic fires 70% staff, admits to 'grave errors in financial reporting'

Sequoia has a roughly 27% stake in GoMechanic, and Tiger Global owns 10%, show Tracxn data. ....

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GoMechanic Sacks 70% Workforce, Founder Admits To Financial Reporting Errors

Nearly two years after it raised a mammoth $42 million in funding, it emerged that GoMechanic cooked its financial books by inflating revenues. ....

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