Sequoia India-backed GoMechanic faces severe trouble

Sequoia India-backed GoMechanic faces severe trouble

2 years ago
Anonymous $gM56WhLPcK

https://techcrunch.com/2023/01/17/sequoia-india-backed-gomechanic-faces-severe-trouble/

GoMechanic has laid off a significant number of its workforce as the Sequoia India-backed startup struggles to raise funds amid serious concerns of accounting troubles, a source familiar with the matter told TechCrunch.

The Gurgaon-headquartered startup has cut 70% of the workforce and asked the remaining staff to work without pay for three months, Indian news outlet The Morning Context reported Tuesday, citing unnamed sources.

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