Sequoia leads funding in GoMechanic
Sequoia leads funding in GoMechanic

Sequoia leads funding in GoMechanic

Gurugram-based automobile repair and service solution start-up GoMechanic has reportedly raised $4-4.9 million (Rs 30-35 crore) in a Series A round led by Sequoia Capital. It may use fresh funds to expand to new cities and bulk up hiring at leadership positions along with expenses on brand-building. Founded in April 2016 by Amit Bhasin, Kushal Karwa, Nitin Rana and Rishabh Karwa, GoMechanic aims to leverage technology to assist Indian car owners to find automobile repair and maintenance service providers in their vicinity and provides original spare parts for all the services booked at its partner service centres. The company has expanded its services across Delhi-NCR, Hyderabad, Mumbai, Pune and Bengaluru. It soon plans to launch operations in Indore, Kanpur and Jaipur. It claims to offer services at a 40 per cent discount, by reducing labour costs, bulk procurement of parts and minimising real estate expenses. The start-up also claims to ensure the availability of spare parts in a timely fashion through personalised procurement.

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