GoMechanic Achieves Operational Profit Under New Management

• GoMechanic, acquired by Servizzy in March 2023, achieved operational profit in the June 2024 quarter.
• The company posted a revenue of Rs 210 crore in FY 2023-24 and Rs 85 crore in the April-June 2024 quarter.
• New management led by Himanshu Arora and Muskan Kakkar turned the company EBITDA positive.
• GoMechanic plans to expand from 50 to 1,000 cities by 2027, aiming to service 1 out of 10 cars in India.
• Currently, the company services over 30,000 cars monthly through 600+ workshops in 50+ cities.

Source: Economic Times