Sequoia India-backed GoMechanic faces severe trouble

GoMechanic has laid off a significant number of its workforce as the Sequoia India-backed startup struggles to raise funds amid serious concerns of accounting troubles, a source familiar with the matter told TechCrunch.
The Gurgaon-headquartered startup has cut 70% of the workforce and asked the remaining staff to work without pay for three months, Indian news outlet The Morning Context reported Tuesday, citing unnamed sources.
GoMechanic did not respond to a request for comment.
The move comes as GoMechanic struggles to raise funds for over a year despite advanced stages of discussions with s

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