91trucks cuts 70% of staff, shuts ~24 stores as CV demand cools and $10M raise collapses
The commercial vehicle marketplace exited ~100 of ~150 employees and shuttered nearly two dozen stores across South India and MP after a $10M funding round fell through. Country head has departed; remaining ~50 staff will refocus on North India, months after a $5M Series A at $33M valuation.
What happened
Commercial vehicle marketplace 91trucks laid off ~70% of staff (around 100 employees) and shut nearly two dozen stores across southern India and MP amid weak CV
Key facts
- 70% workforce cut
- ~100 employees exited
- ~50 remaining staff
- ~24 stores shut
- $10M funding talks failed
- $5M Series A May 2025
- $33M valuation
Why this matters
With country head gone, 70% of staff out, and ~24 stores shuttered, 91trucks is now an opportunistic acqui-hire or asset pickup for any CV/auto platform wanting instant South India dealer relationships.
Also reported by
- Entrackr — Same time