Gurugram-based automobile repair and service solution startup GoMechanic has received $5 Mn (INR 35.69 Cr) in Series B from its existing investor Sequoia Capital.

The company had raised this $5 Mn funding from Sequoia in January 2019.

With this investment, the company’s valuation has risen to $44 Mn (INR 316 Cr).

In January when GoMechanic raised $5 Mn from Sequoia, Inc42 reported that the funds will be utilised to expand to new cities and bulk up hiring at leadership positions along with expenses on brand-building.

Besides GoMechanic, other companies working in the car repair and servicing include Bengaluru-based Cartisan, SparesHub, Bumper, BookMyTime, CleanseCar and Mind Your Fleet, among others. | To read full story, visit https://startuparound.com/read/1575147722.8279495/Sequoia-Infuses-$5-Mn-Into-Automobile-Repair-Startup-GoMechanic?ref=audio_experience