Gomechanic Closes Series C Round At $42 Mn, Allocates $5 Mn For Esop Buyback

by techcircle.in posted 1month ago 5 views
Automobile servicing platform GoMechanic closed its Series C funding round at $42 million (Rs 352 crore), it said in a statement on Wednesday. The round was led by alternative investment firm Tiger Global Management. Sequoia Capital India, Orios Venture Partners and Chiratae Ventures were returning investor in the round. Earlier this month, TechCircle reported, citing regulatory filings, that Targetone Innovations, the Gurugram based company that owns and operates GoMechanic, had pulled in $34 million as part of the same Series C round.

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