Ecosystem Roundup: Carro’s losses fall 92% in FY24 | Paytm sells PayPay stake to SoftBank for US$279.2M | Kamereo secures US$7.8M

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Ecosystem Roundup: Carro’s losses fall 92% in FY24 | Paytm sells PayPay stake to SoftBank for US$279.2M | Kamereo secures US$7.8M - e27

Quick Summary:

Dear reader, Carro’s dramatic 92% reduction in operating losses signals a broader trend in Southeast Asia’s startup ecosystem: the shift from growth-at-all-costs to profitability-driven strategies.

With its FY24 results, Carro demonstrates that it’s possible to recalibrate business models for sustainability without entirely sacrificing expansion.

Paytm sells PayPay stake to SoftBank for US$279.