GoMechanic’s working capital crisis
The car repair startup has not paid workshops and laid off around 30% employees as it waits for its next fundraise.
16 January, 2023•9 min
0
16 January, 2023•9 min
0
More in Internet
Internet
Pine Labs seeks to raise up to Rs 3,900 crore in upcoming IPO
The fintech platform has valued itself at around Rs 25,300 crore in the IPO that will open on 7 November.
You may also like
Business
Infra.Market is a hamster wheel looking at a make-or-break IPO
The construction material supply firm’s scale and profitability may appear shiny, but hide a stark truth. Its use of equity to fund working capital is playing with fire when bigger fish are eyeing its business.
Internet
Zepto’s fundraise overshadows Eternal’s quick commerce-driven Q2 growth
The well-timed announcement of Zepto’s $450 million funding on the day of Eternal’s September-quarter results foreshadows what the future holds for India’s quick-commerce landscape.
Internet
The intercity bus bet by Indian startups is having its moment
Gone are the days of ramshackle buses and spotty schedules. Startups now offer a viable alternative to rail and air travel. But the real test lies ahead as they are only getting started.