Business Standard

SoftBank, others in talks to lead $75-million funding in GoMechanic

"The conversations between the investors and GoMechanic are still going on and one of the investors has also shared the term sheet with the firm," said a person familiar with the development

GoMechanic
Premium

SoftBank is in talks to invest about $30 million in GoMechanic.

Peerzada Abrar Bengaluru
SoftBank, Malaysia’s sovereign wealth fund Khazanah Nasional Berhad and Norwest Venture Partners are in talks to lead a $75-million funding in GoMechanic, India’s largest aftermarket automotive service and maintenance platform, according to people familiar with the matter. SoftBank is in talks to invest about $30 million in GoMechanic.

“The conversations between the investors and GoMechanic are still going on and one of the investors has also shared the term sheet with the firm,” said a person familiar with the development.

Though SoftBank writes big cheques, it is leading smaller funding rounds in India also.

In December 2021, SoftBank Vision

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 06 2022 | 9:38 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com