EvolutionX’s investment in CARSOME marks its first in Southeast Asia. Rahul Shah, Partner of EvolutionX said, “We remain focused in supporting category-leading technology companies in our core markets in Asia which are backed by reputed long-term investors. We are excited by CARSOME’s continued focus towards achieving profitability during this year and believe that this collective capital raise will optimize its capital structure and improve the financial strength of the company to support its continued journey towards sustainable profitable growth.”

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