Business Standard

Thursday, December 19, 2024 | 08:22 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

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
Premium

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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in