Yojak, a Gurugram-based B2B ecommerce marketplace in the construction industry, laid off approximately 140 employees in April and May as it shut down its domestic operations. The startup, backed by Info Edge, had a total workforce of around 280 before the cuts, meaning the layoffs affected about half of its staff. This decision came after the company ran out of funds to sustain its India-focused business, despite receiving $3.8 million in Pre-Series A funding just nine months earlier. Yojak will now pivot to focus exclusively on its export division, targeting markets like the US and the Middle East, as it shifts from serving local retailers to connecting Indian manufacturers with international buyers.
