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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The deal will come as a relief for the beleaguered car repair startup, while it will be an opportunity for the used-car company to expand into a new business segment.
Update: Despite advanced talks with CarTrade, the deal didn't go through. A consortium led by auto component maker Lifelong Group acquired GoMechanic in March this year.
Almost two months after co-founder Amit Bhasin admitted to financial misreporting, GoMechanic has found a buyer. The car repair startup is being acquired by used-car company CarTrade, according to two people familiar with the matter, who asked not to be named.
While the details of the deal are unclear, GoMechanic seems to have been valued at a little over $30 million (around Rs 245 crore), says a third person in the know, also requesting …
