ZestIoT, an IoT and AI powered aviation platform, has raised $6.5 million in Series A round led by IvyCap Ventures. The round also saw participation from Loyal VC.
With the latest investment, ZestIoT will double down on deep tech AI-driven automation, expand its talent pool, and expand internationally.
Founded in 2016 by Amit Sukhija, 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.
Headquartered in Hyderabad, ZestIoT claims to have 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.
ZestIoT currently manages over 600 flights, 600 equipment, and 9,000 personnel daily.
Mumbai-based IvyCap Ventures has invested in a wide array of startups including Purplle, Miko, Purple Tutor, Bewakoof, Eggoz, GMetriXR, Deep Rooted and NymbleUp among others.