GoMechanic

Porter became the second unicorn of 2025, signaling continued investor confidence despite broader concerns in the ecosystem.

Cautious VCs, vigilant LPs, and concerns of potential down rounds among startups have dampened investor sentiment in India’s flourishing market.

The move comes after the Indian vehicle-servicing firm let go of nearly 70% of its workforce in January, Reuters reported.

The move was sparked by recent financial misreportings by portfolio firms Zilingo and GoMechanic, a Bloomberg report noted.

The investors have hired a third-party firm to audit the car-servicing startup’s finances.

Co-founder Amit Bhasin admitted to errors in judgment as the startup followed “growth at all costs, including in regard to financial reporting.”

The world’s biggest tech investor is likely to sit tight and wait for valuation corrections in the second half of the year.

Chiratae Ventures said the fourth fund was oversubscribed by 25%.

GoMechanic aims to use the fresh funds to expand its technology team and launch operations in international markets.

Three fashion startups hog the limelight. But IoT, HR analytics, SaaS, and healthcare also make the cut in today’s roundup.