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HomeInsightFunding Alert GoMechanic Secures $6 Mn in Funding From Marquee Investor

[Funding alert] GoMechanic Secures $6 Mn in Funding From Marquee Investor

GoMechanic, an auto parts startup that Servizzy just acquired, has raised $6 million in a strategic fundraising round headed by an undisclosed family office, following its fire sale.

GoMechanic, an auto parts startup that Servizzy just acquired, has raised $6 million in a strategic fundraising round headed by an undisclosed family office, following its fire sale.

Stride Ventures and other current investors participated in the round as well.

Read also – [Funding alert] Quickwork Secures $2.5 Mn Pre-series A2 Funding Led by DMI Alternative Investment Fund – The Sparkle Fund

With the additional funding, GoMechanic plans to increase its presence in hitherto unexplored regions of the nation. The funds will also be utilised to introduce fresh designs for operator workshops and to branch out into additional fields, as reported by Inc42.

Commenting on the fundraise, the new cofounder and chief executive officer (CEO) Himanshu Arora said, “This achievement serves as a profound vote of confidence towards the company and in the potential of its business model from the investment community, the existing shareholders, Stride Ventures and Lifelong Group, and the startup community.”

Read also – [Funding alert] Healthtech Startup Hearing Solutions Secures Rs 50 Cr From 360 One’s PE Fund

The unorganised auto-servicing market has been upended by GoMechanic’s technological innovations, which are now more methodical, dependable, and affordable.

With “GoMechanic LUXE,” the firm has also entered the premium services sector, providing luxury car repair facilities nationwide. GoMechanic Service maintains 800 automobiles every day, compared to the premium vertical’s 600+ luxury cars each month.

Read also – [Funding alert] Ridesharing Startup Royal Brothers Raises Funding From Yamaha Motors

About GoMechanic

GoMechanic is India’s top multi-brand auto repair company, dedicated to providing hassle-free and simple auto repair services to all customers. In Delhi NCR, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Jaipur, Kalyan, Chandigarh, and Ahmedabad, they recently started operations in Nigeria, and they have grown into a family of more than 600 members throughout India!

Read also – [Funding alert] Edtech Startup Offee Secures Rs5.25cr From JITO, JIIF, Others

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