The News Scroll 10 July 2019  Last Updated at 10:02 pm | Source: PTI

Ezyhaul raises $16 mn, plans to expand in South Asia

Ezyhaul raises $16 mn, plans to expand in South Asia
New Delhi, Jul 10 (PTI) Singapore-headquartered logistics-tech startup Ezyhaul Wednesday said it has raised USD 16 million in funding that it will use to expand to new markets in South Asia and drive further technological innovation.

The company, which has presence in India and Thailand as well, did not disclose the names of the investors who participated in the series B round.

Founded in Singapore in April 2016, Ezyhaul focuses on improving efficiencies in the highly fragmented USD 150 billion-road freight industry in South Asia.

"In the past 12 months, Ezyhaul has grown more than 900 per cent after successfully completing its USD 5 million series A fundraise in 2018. Ezyhaul has since taken the time to reinforce its presence in South Asia, included expanding its operations in India and Thailand, and with also integrating a cross border solution that currently stretches from China to Singapore," a statement said. PTI SR RVK RVK

Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
Next Story : EPCA working as arm of Central government: AAP
Download the Outlook ​Magazines App. Six magazines, wherever you go! Play Store and App Store