04th May, Hyderabad: ZestIoT, an IoT and AI powered aviation platform empowering the aviation ecosystem to digitize last-mile operations, enhance operational efficiencies, and introduce predictability in day-to-day operations, today announced that it has secured 6.5M USD (51Cr INR) in series A funding, led by IvyCap Ventures Pvt Ltd, a leading homegrown venture capital firm. The round also saw participation from Loyal VC, a global venture fund. The proceeds will be directed towards revolutionizing the aviation industry, enabling faster turnaround of aircraft and enhancing passenger experience.
Founded in 2016 by Amit Sukhija, ZestIoT has received accolades such as the Boeing HorizonX and Rolls Royce Data Innovation awards, as well as accelerations from THub, NASSCOM Deeptech, StartAD, CISCO, and Plug and Play. Headquartered in Hyderabad, the company’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 boasts one of the largest implementations in the industry, managing over 600 flights, 600 equipment, and 9,000 personnel daily. Its cutting-edge NoCodeAI platform empowers not only the aviation industry but also manufacturing and oil and gas industries to enhance the safety and security of daily operations while driving operational efficiencies and improving quality. With the latest investment, ZestIoT will 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, expressed, “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.”
Ashish Wadhwani, Co-Founder and Managing Partner of IvyCap Ventures will be joining the board of ZestIoT on behalf of IvyCap Ventures.
Talking about their plan to utilize the raised fund, 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. 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. 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. In addition, we’re extending our offering to the manufacturing industry, enabling customers to adopt our AI + IoT automation platform to produce high-quality products in a cost-effective manner while ensuring operational safety.”
ZestIoT’s mission is to leverage IoT and AI technologies to connect people, places, assets, and operations through their deep tech platforms GroundRadar and NoCodeAI. Their cutting-edge technology enables real-time intelligent information for otherwise “blind spots” in last-mile operations, providing a single source of truth that connects multiple touchpoints. This empowers ground-level workforce to make smarter decisions, predict future outcomes, and drive operational efficiency, safety, end-product quality, and customer experience. With over 100 deployments across various geographies, ZestIoT has established a strong presence in aviation, manufacturing, oil and gas, food and beverage sectors, and maintains strong partnerships with system integrators and OEMs.