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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.
Sequoia Capital, the company’s largest investor, has started a forensic audit of the car servicing startup.
Car repair startup GoMechanic has laid off 70% of its workforce and asked the remaining employees to work without pay for the next three months, according to two former employees.
“The laid off employees have been asked to resign and told they’ll be called again if things get back to normal,” said one of the two people, requesting anonymity. Layoffs have happened across departments, says the second person, with most of the ground workers, who make up a big chunk of the workforce, having been fired.
Moreover, Sequoia Capital, GoMechanic’s largest shareholder, has started a forensic audit of the Gurugram-based …
Store expansion, premiumisation and a growing customer base are driving its beauty business. Fashion, meanwhile, is showing improvement but still lacks a clear differentiator.
The contrasting approaches are driven by two very different strategies. One wants to capture more markets; the other is focused on discipline and profits.
The instant house help business has become the centre of focus and investment at the home services company. But another fight may be brewing in its core business.
