GoMechanic, a car repair services firm, has secured $6 million in funding. Marquee’s family’s office invested in the company now acquired by Servizzy, a subsidiary of the Lifelong Group, besides existing shareholders, including Stride ventures.
GoMechanic has expanded its business lines, including 'GoMechanic Service Business', 'GoMechanic Spares,' and 'GoMechanic Accessories’. The company has experienced remarkable growth, with a fourfold increase in revenue, noted the press release.
GoMechanic Service, which andles an influx of 800 cars per day. Go Mechanic has ventured into the luxury and premium services market with 'GoMechanic LUXE,' a meticulously curated network of state-of-the-art luxury car service centers established across India. These centres specialise in servicing Audi, BMW, Mercedes, and Porsche and currently manage over 600 luxury cars per month.
Muskan Kakkar, COO and co-founder of GoMechanic, stated, “GoMechanic is revolutionizing the luxury car services industry by setting an unprecedented standard for personalized, high-quality, and convenient services.”
The comapny's Miles membership program has seen profitable growth, with sales per month increasing by 72% in October 2023, as compared to April 2023. This augmentation indicates a positive outcome where customers are now more actively involved and loyal to the brand or service.
GoMechanic Accessories is now offering products such as vacuum cleaners and Android car screens, as well as tire inflators. These products are now available on popular e-commerce platforms like Amazon and Flipkart, making GoMechanic's offerings more accessible to customers, noted the press release.