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GoMechanic approaching CARS24, Spinny for acquisition following layoffs: Report
short by Ashley Paul / on Monday, 23 January, 2023
Car repair and servicing startup GoMechanic is approaching car-selling marketplaces CARS24 and Spinny, among others, for a potential acquisition, Moneycontrol reported. This comes days after the startup's Co-founder, Amit Bhasin, fired 70% of its staff and admitted to misreporting financial performance during a funding deal. GoMechanic's sale will reportedly be a distress sale at lower valuation.
read more at Moneycontrol