91Trucks cuts 30% of staff, retreats from South and Central India to defend North
The Arkam- and Titan Capital-backed commercial vehicle marketplace has laid off 30% of its 200-plus workforce and pulled out of Central and South Indian markets. It will refocus on North India via dealership tie-ups, after raising just $5 Mn in a CV market projected to hit $84 Bn by 2034.
What happened
91trucks · Commercial vehicle marketplace 91Trucks laid off 30% of staff and exited Central and South India markets, refocusing on North India through
Key facts
- 30% workforce cut
- 20% employees impacted by market exit
- headcount above 200
- $5 Mn raised
- $53.23 Bn CV market 2025
- $84.12 Bn by 2034
- 5.03% CAGR
Why this matters
A weakened 91Trucks retrenching to North India creates an opening to acquire its South and Central market data, dealer relationships, or talent at distressed valuations before a stronger CV marketplace consolidator moves first.
Also reported by
- Inc42 · Buzz — Same time