123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Automobiles >> View Article

Gomechanic Raises Funding From Dr Pawan Munjal

Profile Picture
By Author: Stuti
Total Articles: 305
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Bangalore, May 19, 2020: GoMechanic, India’s largest network of technology-enabled car service-centers, offering car service at the click of a button, today announced securing an investment from one of India's foremost corporate leaders Dr Pawan Munjal, Chairman, MD & CEO, Hero MotoCorp.

This investment made by Dr. Munjal in his personal capacity, comes in addition to the Series B round of institutional funding received by GoMechanic and will be used by the company to strengthen its technology stack, fuel geographical expansion, streamline spare parts procurement and amplify brand promotion.

Dr Munjal’s coming on board as an investor will further enhance the GoMechanic’s profile and will add to the rapid growth of the start-up, which has already raised funds from prominent investors such as Sequoia Capital, Chiratae Ventures, Rohit Bansal, Kunal Bahl, Orios and Dhianu Das.

Commenting on the funding, Amit Bhasin, Co-Founder - GoMechanic, said, “Having Dr Pawan Munjal as an investor, will allow us to continue our aggressive geographical expansion besides investing in technological innovation, ...
... which has always kept us ahead of the curve. We are thrilled to have the opportunity to benefit from Dr Munjal’s depth of experience & knowledge about our automotive industry as we take confident steps to organise India’s humongous car & bike service market.”

Abhishek Mohan, Vice President, Sequoia Capital India LLP, said “With Mr. Munjal coming on board as an investor for GoMechanic, it will further fuel its growth and enable it to become a market leader in India with an eye at establishing global footprints.”

Ranjith Menon, Executive-Director at Chiratae Ventures - "We welcome Mr. Munjal to the GoMechanic family. His immense experience will help guide the company to scale bigger heights in months to come"

About GoMechanic: Founded by Kushal Karwa, Amit Bhasin, Rishabh Karwa and Nitin Rana in 2016, GoMechanic is India’s largest network of technology-enabled car service centers offering a seamless car service experience at the convenience of a tap. It’s asset-light model with centralized bulk procurement of spare parts from OEMs, zero real-estate overheads and technology-driven efficiency, results in significant savings which are passed onto the customers (repair services 40% lower than charged by the authorized ones). The venture which works on the franchise owned, company operated model, has in the past 4 years, built a network of 280+ car repair workshops across Delhi-NCR, Hyderabad, Mumbai, Pune, Bengaluru, Chennai, Ahmedabad, Pune and Chandigarh. GoMechanic plans to add other verticals in order to become an end to end service provider in this space.

Editorial queries contact: Stuti Sehgal/Shaifali rawat of PRHUB @ stuti@prhub.com’shaifali@prhub.com; 8744080106/8588977924

Total Views: 231Word Count: 420See All articles From Author

Add Comment

Automobiles Articles

1. Vous Cherchez Un Bon Concessionnaire? Voici Quelques Qualités à Rechercher!
Author: Mansour Khelifa

2. 4 Conseils Importants Pour Acheter Une Voiture D’occasion :
Author: Mansour Khelifa

3. Qualities Of A Driving School To Look Before Enrolling
Author: Nicholas Manchee

4. The Ever-growing Craze Surrounding Custom Choppers!
Author: Levi Fysh

5. Why Should You Invest In An Obd2 Scan Tool When You Own A Car?
Author: Hamish Crotty

6. How Important It Is To Take Your Volkswagen To Service?
Author: Oliver Mertin

7. What Can You Expect While Choosing Car Detailing Services?
Author: Anthony Gellatly

8. Corporate Taxis Are The Perfect Solution For Your Corporate Transport Requirements!
Author: Elijah Peters

9. Mandatory Car Rules You Didn’t Know About
Author: Navnit Maruti

10. Best Features Of Folding Bikes To Look Out For Bike Lovers
Author: leoliamzoes

11. How To Choose Best Touring Bikes For Women
Author: thomasjamoe

12. 4 Symptoms Of A Damaged Or Faulty Brake Drums & Shoes
Author: Tayyab Kayani

13. What Is The Age To Learn Driving?
Author: Nicholas Manchee

14. Be Familiar With Different Types Of Driving Courses In Brief
Author: Nicholas Manchee

15. Things You Need To Know About Harley Parts
Author: Levi Fysh

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: