Delhi NCR-based commercial vehicle marketplace 91Trucks has laid off 30% of its workforce in a restructuring exercise and withdrawn from the Central and South Indian markets.
According to an internal note sent by cofounder and CEO Siddharth Sharma, the startup’s decision to pull out from these markets impacted 20% of its employees.
Inc42 has accessed the note, which also said that the startup now plans to scale its business in North India. For this, 91Trucks has partnered with two leading dealerships.
“We are entering into strategic tie ups with two leading dealerships in North India who constitute a decent percentage of OEM sales as their preferred exchange partners,” the note added.
The internal note came after a report by Entrackr said 91Trucks let go 70% of its workforce and shut down several stores.
In the note, the CEO said that 91Trucks’ headcount remains above 200 despite the restructuring. As per the startup, the move will allow the business to run in a flexible manner without depending on any external factors.
Founded in 2022 by Siddharth Sharma, Abhishek Gautam, and Vikas Sharma, 91Trucks operates a digital marketplace and review platform for commercial vehicles, including trucks, buses, and three-wheelers. The platform helps buyers discover vehicles and connect with authorised dealers and manufacturers across the country.
In addition to vehicle discovery, the startup facilitates financing solutions through partnerships with NBFCs. It competes with the likes of CarDekho’s TruckDekho.com, Ashok Leyland-owned used commercial vehicle platform Re-Al and Droom.
Backed by the likes of Arkam Ventures, Titan Capital, Sparrow Capital, and India Accelerator, 91Trucks has raised a total of $5 Mn to date. Announcing its funding in May last year, the startup said it was looking to enter the used commercial vehicle segment as well.
It also launched specialised platforms such as 91infra and 91tractors for commercial vehicles used on construction sites and tractors, respectively.
Earlier this year, the startup also acquired two mobility-focused platforms operated by Bhubaneswar-based Indiyanet — Motorfloor and Trucksfloor. The acquisition was expected to expand reach and create a more robust and intelligent platform for the commercial vehicle ecosystem.
India’s commercial vehicle market had a size of $53.23 Bn in 2025 and is projected to cross $84.12 Bn by 2034, recording a CAGR of 5.03% during the period.
The post 91Trucks Fires 30% Workforce, Pulls Out From South & Central Indian Markets appeared first on Inc42 Media.
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