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GoMechanic to lay off 70% workforce, says made grave errors in judgement

Co-founder Amit Bhasin said GoMechanic has decided to 'restructure the business while we look for capital solutions'

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BS Web Team
Car repair startup GoMechanic has announced it is laying off 70 per cent of its workforce as the company struggles to raise funds amid serious concerns of accounting troubles. In a LinkedIn post Wednesday, GoMechanic co-Founder Amit Bhasin said the Sequoia India-backed company made “grave errors in judgement” as it followed growth at all costs.

He said the leadership has decided to “restructure the business while we look for capital solutions”.

The Gurgaon-headquartered startup was founded in 2016 as a vehicle to bridge the gap between authorised service centres and local workshops. Of late, the company was struggling

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First Published: Jan 18 2023 | 12:33 PM IST

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