Breaking News: GoMechanic Achieves Operational Profit in Q1 of FY25 Under New Leadership!

Car servicing startup GoMechanic, acquired by the Lifelong Group last year after co-founders admitted to inflating numbers, has achieved operational profit in the first quarter of

FY25 under new management.

Founded in 2016 in New Delhi, GoMechanic faced a major controversy when its founders were caught inflating revenue figures, creating fictitious garages, and attempting to raise funds under false pretenses.

Following an investigation by investors, the startup was sold and acquired by Lifelong Group’s subsidiary Servizzy, a Gurugram-based car servicing startup.

In FY24, GoMechanic’s revenue reached Rs 210 crore from services, spares, and accessories, with Rs 85 crore posted in the April-June quarter.

GoMechanic now services over 30,000 cars monthly and has expanded to more than 600 service workshops across over 50 cities.

In the past year, the startup launched specialized programs for luxury cars, extended warranties for car owners, and electric vehicle services.

“We have balanced profitability and growth, ensuring exceptional service while expanding our footprint. Our goal is to service 1 out of 10 cars in the country by FY 2027 and to be present in over 1,000 cities across India,” said GoMechanic Co-Founder and CEO Himanshu Arora.

Servizzy was founded by Himanshu Arora and Muskan Kakkar in 2020. After acquiring and rebranding GoMechanic, the duo has led operations.

Investors like Hero Enterprise and Stride Ventures support the venture. In November 2023, GoMechanic raised $6 million in a funding round led by an undisclosed investor and existing shareholders.