VC Fund Investments
Aviation platform ZestIoT raises $6.5 M led by IvyCap Ventures
ZestIoT, a Hyderabad-headquartered aviation tech platform, has attracted USD 6.5 million (INR 51 crore) in a Series A funding round led by IvyCap Ventures. The round also saw participation of Loyal VC. ZestIoT's GroundRadar platform brings together airlines, airports, and handlers to collaborate and increase the speed of aircraft turnaround while maintaining operational efficiency and safety. ZestIoT claims that it manages over 600 flights, 600 equipment, and 9,000 personnel daily. The new funds will be used to enable faster turnaround of aircraft and for enhancing the passenger experience.
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