Gurugram-based used-car retail platform Spinny is set to acquire GoMechanic, a car-servicing and repair startup, in a deal valued at around ₹450 crore, according to a report by MoneyControl. The transaction, which includes a mix of cash and stock, is expected to be finalized later this month.
With this acquisition, Spinny will officially enter the car maintenance and after-sales services segment, expanding its presence across the entire car ownership lifecycle — from sales and trade-ins to insurance and now, servicing.
The deal will see Spinny buy out the Hero Group–Lifelong Group–Stride Ventures consortium, which had taken control of GoMechanic in 2023 after a governance crisis that led to the founders’ exit. Since then, GoMechanic has made a notable comeback, rebuilding its cost structure and streamlining operations across more than 150 cities in India.
The turnaround, led by the new consortium, focused on rebranding operations and restructuring contracts with partner workshops, positioning GoMechanic back on a growth path.
For Spinny, this acquisition represents a strategic move to strengthen its ecosystem. After raising $40 million earlier this year and achieving a $1.7 billion valuation, integrating GoMechanic’s network aligns perfectly with its goal to provide end-to-end car ownership solutions under one platform.
