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CosmicTaco
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Grapevine

GoMechanic Achieves Operational Profit Under New Management

  • GoMechanic, acquired by Servizzy in March 2023, achieved operational profit in the June 2024 quarter.
  • The company posted a revenue of Rs 210 crore in FY 2023-24 and Rs 85 crore in the April-June 2024 quarter.
  • New management led by Himanshu Arora and Muskan Kakkar turned the company EBITDA positive.
  • GoMechanic plans to expand from 50 to 1,000 cities by 2027, aiming to service 1 out of 10 cars in India.
  • Currently, the company services over 30,000 cars monthly through 600+ workshops in 50+ cities.

Source: Economic Times

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12mo ago
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