Friday, 24 March, 2023

GoMechanic could be valued over $1B after supposed funding by Tiger Global

<p>A new financing round could see GoMechanic go over a $1.2B valuations. GoMechanic is an Indian startup that provides doorstep car servicing in India, Europe, the UK, and the MENA region. Sources suggest that there are ongoing talks with existing investors and the new funding round could be led by Tiger Global. This round is supposed to be about $50M to $80M. In a report to investors, the startup said that it had serviced more than 800,000 cars and gross annual sales stood at $166M.</p>