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Rohan Saha
Founder - Burn Inves... • 5m
What Really Happened Inside GoMechanic GoMechanic started out like one of those startups that people genuinely believed in the idea made sense helping car owners get reliable servicing through verified garages all managed online It was simple and more importantly useful. They raised a lot of money early on big investors like Sequoia and Tiger Global backed them and at one point the company was valued at nearly ₹3500 crore it looked like things were going really well on the surface but by early 2023 cracks started to show. They were preparing for a fresh funding round as part of that investors began looking into the company’s financials just a routine check nothing unusual but during this due diligence things didn’t add up the revenue numbers seemed off some garages listed on the platform were not even real it slowly became clear that the company had been inflating growth to appear more successful than it actually was. Before things could get out of hand one of the founders Amit Bhasin posted on LinkedIn he admitted the mistakes said they have made bad decisions and took responsibility for it that kind of public admission is rare especially when there was not any legal or media pressure involved at that point. After that everything moved quickly most of the staff were let go investors backed away eventually the company was sold off in a distress deal. The sad part? It was not the idea or the product that failed customers liked the service it was internal choices that brought the whole thing down chasing numbers, weak internal checks, and trying too hard to impress investors instead of fixing real problems. The GoMechanic story is a quiet reminder that no matter how exciting a startup looks from the outside what is going on inside matters way more than most people realize.
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