EvolutionX Debt Capital
Overview
EvolutionX Debt Capital is a growth-stage debt financing platform jointly set up by DBS and Temasek. Headquartered in Singapore, it provides less dilutive financing to technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia. By investing into promising technology founders and entrepreneurs who are transforming large traditional industries, it aims to accelerate the digitization of Asia's economy and further catalyze the fast-growing technology ecosystem in the region.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Ola Electric | Apr 2024 | Debt | Lead |
| upGrad | Jun 2024 | Debt | Lead |
| Carsome | Jun 2023 | Debt | Co-investor |
| Kitopi | Feb 2026 | Debt | Lead |
| Gupshup | Jul 2025 | VC Round | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is EvolutionX Debt Capital based?
EvolutionX Debt Capital is headquartered in Singapore, Central Singapore, Singapore.
When was EvolutionX Debt Capital founded?
EvolutionX Debt Capital was founded in 2021.
How many portfolio companies does EvolutionX Debt Capital have?
EvolutionX Debt Capital has 11 portfolio companies in Caplight's dataset.
What are some companies in EvolutionX Debt Capital's portfolio?
Portfolio companies visible on Caplight include Ola Electric, upGrad, Carsome, Kitopi, Gupshup.
What was EvolutionX Debt Capital's most recent investment shown here?
EvolutionX Debt Capital's most recent investment in this portfolio sample was in Kitopi in 2026.
What sectors does EvolutionX Debt Capital focus on?
EvolutionX Debt Capital focuses on FinTech, Consumer & Commerce, FinTech, Mobility, Transportation & Logistics, FinTech, Consumer & Commerce, Consumer & Commerce, Enterprise Software, Healthcare & Life Sciences, Healthcare & Life Sciences, Enterprise Software, Telecommunications & Networking, Consumer & Commerce, FinTech, Consumer & Commerce, Consumer & Commerce, Enterprise Software, Enterprise Software, Consumer & Commerce, Energy & Sustainability.
What company stages does EvolutionX Debt Capital focus on?
EvolutionX Debt Capital typically invests at the MultiStage stage.