ZestIoT bags $6.5M as Series-A Funding
ZestIoT, a Fund- II portfolio company of Pontaq, is an innovative aviation platform
powered by IoT and AI. The firm has recently sealed a deal of $6.5 million (roughly
INR 51 crore) in a Series A funding round. This investment was spearheaded by
IvyCap Ventures, along with participation from Loyal VC.
ZestIoT is an IoT (Internet of Things) and AI-powered aviation platform that focuses
on digitising and automating various aspects of aviation operations, particularly in
the last-mile segment. It caters more specifically to aviation, manufacturing and port
industries by streamlining processes and enhancing efficiency.
Amit Sukhija, the co-founder, spills the beans on how Pontaq has been their secret
sauce since day one. From turbocharging business growth to being a lifeline during
tough times, Pontaq has got ZestIoT’s back with a double dose of support—
international expansion and mentorship!
ZestIoT is currently overseeing a mind-blowing daily operation of over 600 flights,
600 equipment pieces, and an awe-inspiring 9,000 personnel. ZestIoT is now
looking to open new markets in the US and Middle East along with doubling
investments in Deep-Tech innovations and elevating their talent pool.
Believing very strongly in the principle of customer success being their success –
ZestIoT is set forth to bring enhanced tools to their customers. These tools will allow
for the clients to self-innovate and implement, augmenting their efficiency and
performance. This endeavour will be a stepping stone in reaching a 10x growth in
the coming 2 years.
Quite a “Top Gun Maverick”!
Together we grow!