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Go mechanic founder #AmitBhasin has confessed to financial fraud.
A lot is at stake for top VC funds 🧵
#gomechanic
A lot is at stake for top VC funds 🧵
#gomechanic
For Chiratae Ventures and Orios Venture Partners, GoMechanic was one of the top portfolio companies
Sequoia holds the maximum stake
As of May 2022 ⬇️
Sequoia holds the maximum stake
As of May 2022 ⬇️
Last year, the company was in talks to raise at a $1.2 bn valuation, which did not materialise.
SoftBank was the latest fund conducting DD, planning to invest about in a $70 mn at a $700 mn val
SoftBank was the latest fund conducting DD, planning to invest about in a $70 mn at a $700 mn val
