GoMechanic, run by Targetone Innovations Pvt. Ltd has previously raised funding from early-stage venture capital firm Orios Venture Partners and Venture Catalyst. In 2016, it raised $250,000 from Venture Catalyst.
Bengaluru, 23 Jan, 2019. RedNewswire/-
Kushal Karwa, founder of GoMechaninc is also in talks with Snapdeal co-founder Kunal Bahl and OYO Rooms founder Ritesh Agarwal to raise more funds.
The company will use the fresh capital to expand to new cities, building a brand, and make an increase in the top level hiring processes.
It has workshops across Delhi-NCR, Hyderabad, Mumbai, Pune and Bengaluru and is planning to launch operations in Indore, Kanpur and Jaipur.
The company lets its users book their car services – repair and maintenance online. It offers these services to the customers in around a 7-day period at rates discounted up to 40 per cent. The ability of the company to provide such heavy discounts comes from its efficiency in procuring parts, minimizing labour costs, and saving up on real estate costs as well.
GoMechanic competes with Blume Ventures-backed Pitstop, besides established rivals such as Mahindra First Choice, MY TVS and Crossroads.