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SoftBank, others in talks to lead $75-million funding in GoMechanic

"The conversations between the investors and GoMechanic are still going on and one of the investors has also shared the term sheet with the firm," said a person familiar with the development

GoMechanic
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SoftBank is in talks to invest about $30 million in GoMechanic.

Peerzada Abrar Bengaluru
SoftBank, Malaysia’s sovereign wealth fund Khazanah Nasional Berhad and Norwest Venture Partners are in talks to lead a $75-million funding in GoMechanic, India’s largest aftermarket automotive service and maintenance platform, according to people familiar with the matter. SoftBank is in talks to invest about $30 million in GoMechanic.

“The conversations between the investors and GoMechanic are still going on and one of the investors has also shared the term sheet with the firm,” said a person familiar with the development.

Though SoftBank writes big cheques, it is leading smaller funding rounds in India also.

In December 2021, SoftBank Vision