# GoMechanic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gomechanic

- Industry: Internet
- Headquarters: Gurugram, India
- Website: www.gomechanic.in
- Total disclosed funding: $59M
- Latest round: Series C (Jun 10, 2021)
- Investors on record: 5

## About

GoMechanic is an India-based startup offering a wide range of car service and repair solutions, focusing on convenience and quality for individual and business clients in urban settings.Founded in 2016 in Gurugram, India, GoMechanic provides essential automotive service and repair solutions. The company was established by Amit Bhasin, Himanshu Arora, Kushal Karwa, Muskan Kakkar, and Nitin Rana. In November 2023, GoMechanic raised INR 367.4 million in a Series C funding round, led by Hero Enterprise Investment Office, with participation from multiple investors including Lifelong Online Retail Pvt Ltd. The company has completed 9 deals to date and has a current valuation of INR 1570.0 mn, supported by its latest funding round.GoMechanic specializes in comprehensive car service and repair solutions tailored for the demanding urban environment of Mumbai. Their offerings include car detailing, denting and painting, repairs for critical components like engines and brakes, and general maintenance services. Catering to both individual car owners and B2B clients, including ride-sharing fleets, GoMechanic aims to address the automotive care needs in urban areas. Services are primarily available in Mumbai, with potential for expansion to other metropolitan regions.In 2023, GoMechanic reported a revenue of INR 14,196,453.4 and an EBITDA of -INR 17,776,651. The company's revenue model is built on a direct-to-consumer approach, offering online booking through their app and website, which facilitates efficient service delivery and transparent pricing for clients.In November 2023, GoMechanic secured INR 367.4 million in Series C funding, aimed at expanding its service footprint and launching new offerings. The company plans to leverage these funds to enhance its operations and introduce additional services, with a focus on urban markets. Strategic expansion into new geographic areas is also on the agenda, reflecting their commitment to meeting the evolving demands of automotive care.

## Funding rounds

- Series C, Jun 10, 2021, $35M — Hong Shan, Chiratae Ventures, Tiger Global Management, Orios Venture Partners
- Series B, Nov 29, 2019, $5M — Hong Shan
- Series B, Nov 19, 2019, $15M — Hong Shan, Chiratae Ventures, Orios Venture Partners
- Series A, Jan 19, 2019, $4M — Hong Shan, Orios Venture Partners
- Seed, Dec 9, 2016, $0.3M — Orios Venture Partners
- Seed, Dec 8, 2016, $0.3M — Venture Catalysts

## Investors

- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Seed
- Orios Venture Partners (https://capitalatlas.ai/funds/orios-venture-partners) — Seed, Series A, Series B, Series C
- Hong Shan — Series A, Series B, Series C
- Chiratae Ventures (https://capitalatlas.ai/funds/chiratae-ventures) — Series B, Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C