| Founded | 2016 |
|---|---|
| Closed | 2023 |
| Country | India |
| Sector | Marketplace |
| Total raised | $62M |
| Collapse type | Fraud Explosion |
| Founder | Amit Bhasin |
GoMechanic
"GoMechanic raised $62M to digitize car repair in India — then the co-founder publicly admitted inflating revenues by 2.5x and Sequoia wrote off the entire investment"
Sudden collapse triggered by fraud exposure
Key Events Timeline
GoMechanic built a network of standardized, tech-enabled car repair workshops across India — online booking, transparent pricing, parts tracking.
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