India, April 25 -- HRtech startup Awign has announced a majority stake acquisition by Japan-based HRtech platform Mynavi Corporation in an all cash deal.

Without disclosing the financial details, Awign said in a statement that this partnership will also signify the departure of few of Awign's early backers, including Capria, Lumis, MSDF, Amicus Capital and Pankaj Bansal.

According to the startup, this partnership and the patient capital will further enable Awign to focus on long term strategic growth and deeper value creation without getting affected by the fundraising market environment.

"This partnership will help Awign to scale its operations and go beyond its core strengths. Our primary focus remains on strengthening our growth eng...