Sequoia-backed GoMechanic cuts 70% jobs amid ‘grave errors’ in financial reporting

GoMechanic has laid off 70% of its workforce as the Sequoia India-backed startup grapples with funding crunch after the existing and prospective investors found that the founders had misstated facts. The move comes as the Gurgaon-headquartered GoMechanic, which offers auto-services such as repairing and carwashing, has been struggling to raise funds for over a year […]

Sequoia-backed GoMechanic cuts 70% jobs amid ‘grave errors’ in financial reporting by Manish Singh originally published on TechCrunch