Thursday, 5 March, 2026
Sequoia-Backed GoMechanic Inflated Revenue, to Fire 70% Staff
By Basit Ansari
<p>GoMechanic has laid off 70% of its workforce amid 'grave errors' in financial reporting. The Gurgaon-headquartered GoMechanic, which offers auto-services such as repairing and carwashing, has been struggling to raise funds for over a year. A probe into the startup by EY as part of due diligence for the recent funding deliberation found scores of issues, including inflated revenue and that some garages were fictitious.</p>
Read full story at Live Mint
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