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