ZestIoT, an India-based IoT and AI powered aviation platform has secured $6.5 million in series A funding, led by IvyCap Ventures Pvt Ltd. The round also saw participation from Loyal VC, a global venture fund.
With the latest investment, ZestIoT plans to double down on deep tech AI-driven automation, expand its talent pool, expand internationally, and prioritize customer success.
Speaking about the investment, Vikram Gupta, Founder and Managing Partner of IvyCap Ventures Advisors Pvt Ltd said: “ZestIoT has pioneered the digitization of last-mile operations, utilizing 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 optimize their operations and improve efficiency. We firmly believe that ZestIoT has the potential to solve this problem at the grassroots level and emerge as a leader in this segment. We are thrilled to support their growth and assist them in becoming the largest player in this sector.”
Amit Sukhija, Founder & CEO, ZestIoT, said: “We’re thrilled to announce the successful completion of our series A funding round. 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. This new investment will accelerate our mission to empower the aviation ecosystem with last-mile digitization and automation, delivering multiple use cases to airports, airlines, and handlers based on their individual journey of digitization.”
ZestIoT 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 to have one of largest implementations in the industry, managing over 600 flights, 600 equipment, and 9,000 personnel daily.