GoMechanic Bounces Back to Profit and Plans Massive Expansion

Car service and repair platform GoMechanic has turned operationally profitable under new management in the June 2024 quarter. Acquired by Servizzy in March 2023, the company posted significant revenues and plans to expand its presence to 1,000 cities by 2027. Co-founders Himanshu Arora and Muskan Kakkar highlighted the company’s growth and innovation.

Car services and repair platform GoMechanic, which was on the verge of collapse about a year-and-a-half ago, on Tuesday announced it achieved operational profit in the June 2024 quarter under new management.

The company was acquired by Servizzy, a subsidiary of the Lifelong Group, in March 2023 after financial anomalies were found under previous management and the firm was put on sale by investors.

Under the new management, GoMechanic has reported a revenue of Rs 210 crore for the financial year 2023-24 and Rs 85 crore in the April-June 2024 quarter.

(With inputs from agencies.)