EY conducted a thorough investigation for potential investors in GoMechanic and discovered that the Indian auto-services company had exaggerated its revenue, causing a new problem for its backer Sequoia Capital in India.‍According to sources with knowledge of the situation, EY's investigation suggested that around 60 of the over 1,000 GoMechanic service centers may have broken accounting regulations to inflate revenue and misdirect funds.

Indian startups have been struggling to raise money through initial public offerings (IPOs) for the past 12 months. A Sequoia Capital-backed beauty and personal-care-products startup is now hoping to break the curse. But success might have to come at the cost of a big compromise on valuation.

One of the largest co-living companies in the U.S. is merging with a European peer to create one of the world’s largest providers of shared apartments for young professionals. The new company will have a presence in major cities across the globe, providing affordable, convenient housing for young people who want to live and work in vibrant urban areas.

Venture-capital firms that held onto stocks for longer than usual last year ended up regretting it when the market took a turn for the worse.

Tribe Capital wrote to a select group of its co-investors earlier this month to inform them of some bad news.