Bottomline: PE-backed Carzonrent bounced back but lack of tailwinds restricts revival

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Car rental and corporate travel service Carzonrent India Pvt. Ltd has yet again hit a roadblock after seeing a recovery in business last financial year.  After two years of struggling underwater, mainly due to COVID-led disruptions, the WestBridge-backed company finally made a turnaround in FY23, but the feat was short-lived.  Carzonrent’s revenue ......