GoMechanic acquisition leaves VC investors empty-handed; Strive Ventures to recover Rs 100 cr debt in phases
A consortium led by auto components maker Lifelong Group announced the acquisition of the start-up earlier today
Source: businesstoday.in
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Car Repair Start-Up GoMechanic Acquired By Lifelong Group-Led Consortium
GoMechanic was acquired by a consortium led by car parts manufacturer Lifelong Group today ending months of uncertainty after the beleaguered car servicing startup announced job cuts and an independent review into its finances.
Source: ndtv.com
Troubled GoMechanic Acquired By Lifelong Group Led Consortium
Two months after GoMechanic’s cofounder Amit Bhasin publicly admitted to financial misreporting, the startup has found a buyer.
Source: inc42.com
Edtech Unicorn LEAD Completes Acquisition Of Pearson's India K-12 Learning Business
The acquisition will help LEAD provide integrated edtech solutions to over 60,000 schools across India by 2026, the edtech startup said
Source: inc42.com
GoMechanic Fraud: Startup VCs Grilled By SIDBI, Other LPs
SIDBI has questioned VCs about the potential fraud at GoMechanic, which could have potential larger implications for startup investors
Source: inc42.com