IvyCap Ventures-led Series A funding round of $6.5 million was raised for ZestIoT, an IoT and AI-powered aviation platform. Loyal VC also participated in the round.
With the most recent investment, ZestIoT will increase its focus on advanced AI-driven automation, broaden its talent base, and go global.
Amit Sukhija founded the company in 2016, and its GroundRadar platform connects airlines, airports, and handlers to work together and speed up aircraft turnaround while maintaining operational effectiveness and safety.
The Boeing HorizonX and Rolls Royce Data Innovation awards, as well as accelerations from THub, NASSCOM Deeptech, StartAD, CISCO, and Plug and Play, are among the honors ZestIoT, with headquarters in Hyderabad, claims to have received.
Currently, ZestIoT oversees 9,000 employees, 600 pieces of equipment, and over 600 flights every day.
IvyCap Ventures, a venture capital firm based in Mumbai, has invested in a variety of startups, including Purplle, Miko, Purple Tutor, Bewakoof, Eggoz, GMetriXR, Deep Rooted, and NymbleUp.
