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Deep Tech Start-Up ZestIoT Raises $6.5 Million From IvyCap Ventures

The company will utilise the newly-generated fund to build its technology platform

Deep Tech Start-Up ZestIoT Raises $6.5 Million From IvyCap Ventures

Outlook Start-Up Desk

POSTED ON May 04, 2023 8:51 AM

Hyderabad-headquartered aviation sector-focussed technology start-up ZestIoT has raised $6.5 million in its Series A funding round led by IvyCap Ventures and Loyal VC. 

The company will utilise the newly-generated fund to build its technology platform. Additionally, it will spend to hire more skilled staff to strengthen its team. It will focus to expand its business across multiple new markets. 

Addressing the fundraising round, Amit Sukheja, the chief executive officer (CEO) of ZestIoT, said, “With growing demand from the aviation and manufacturing sectors, we see a strong push for automating operations and empowering the workforce for smarter decision-making. With the help of advancements in sensors, edge computing, and various communication technologies, we foresee a new wave of innovative use cases being developed by our customers using our platform,”

Vikram Gupta, Founder and Managing Partner, IvyCap Ventures, added, "ZestIoT has pioneered the digitisation of last-mile operations, utilising its cutting-edge deep tech platform and niche solution to automate processes and deliver real-time insights. This provides airlines and airport operators with informed decisions to optimise their operations and improve efficiency.”

Founded in 2016 by Sukheja, ZestIoT is a deep tech platform that helps the aviation ecosystem to digitise last-mile operations. The company has claimed in a statement that its GroundRadar platform brings airlines, aircraft and handlers together to collaborate and increase aircraft turnaround along with maintaining operational efficiency and safety. It has also claimed to manage more than 600 flights and equipment and 9,000 personnel daily. 
 

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