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Key people at EvolutionX.
EvolutionX was founded in 2022 by Rahul Shah (Founder).
EvolutionX Debt Capital operates as a growth-stage debt financing platform, offering less dilutive capital solutions to late-stage technology companies. Based in Singapore, the firm specializes in providing strategic debt funding that allows businesses to scale without significant equity dilution, thereby supporting their expansion and operational needs. Its approach focuses on enabling promising technology ventures to maintain greater control and ownership during critical growth phases.
The platform was jointly established in 2021 by DBS and Temasek, two prominent financial institutions known for their deep market insights and extensive investment capabilities. This partnership arose from an understanding of the evolving capital requirements for high-growth technology companies, recognizing a demand for financing options that balance growth support with founder and existing shareholder equity preservation. The institutional backing provides a strong foundation for its strategic operations.
EvolutionX primarily serves late-stage technology companies, with a notable focus on the Indian market. The firm’s vision centers on empowering these enterprises by providing accessible and tailored debt capital, fostering their development into leading industry players. It aims to be a preferred financing partner, facilitating innovation and market expansion for technology leaders across Asia and beyond.
Key people at EvolutionX.
EvolutionX was founded in 2022 by Rahul Shah (Founder).
EvolutionX has 1 tracked investment across 1 company. The latest tracked deal is $49.1M Debt in Ola Electric in April 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2024 | Ola Electric | $49.1M Debt | Evolutionx | — |