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Nanotech startup Log9 retrenches 115 contractual staff, delays salaries: report
Source Mint (opens in a new tab)
Peak XV-backed nanotechnology startup Log9 Materials has retrenched over 115 out of 180 contractual workers at its Bengaluru-factory and has delayed payments to vendors and salaries to employees for January.The company is said to be preparing for fresh funding and an announcement is expected in two weeks.