A consortium led by Lifelong Group has acquired the distressed firm GoMechanic months after the Sequoia India-backed startup admitted “grave errors” in financial reporting. Lifelong Group, which serves several major players in the automotive industry including Hero and General Motors, said it won the bidding to acquire GoMechanic, whose investors scrambled for a sale earlier […]
Distressed Indian startup GoMechanic acquired by Lifelong Group-led consortium by Manish Singh originally published on TechCrunch...