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Tiger to invest $100m in Indian vehicle repair startup GoMechanic


Tiger to invest $100m in Indian vehicle repair startup GoMechanic
Photo: Pixabay
April 20, 2021
Tiger Global, the US investment fund that made a string of big bets on Indian startups in a span of a few weeks, is looking to write another large cheque soon for GoMechanic, a Gurugram-based vehicle service and repair startup, said two people aware of the development.
The American investment firm is in discussions to invest up to $100 million in GoMechanic, at a likely valuation of as much as $500 million, they said on condition of anonymity.
“This is a highly unorganized and competitive market, and the opportunity is big. The pandemic has seen customers becoming more comfortable with online channels for booking cars, and the same is also being seen with the after-sales service market. It also helps the standalone service outlets grow business at a time when things are becoming difficult for them with the rising complexity of cars as more stringent standards are b ....

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