Ezyyhaul, which is a Singapore based logistics technology startup, has now raised $16 Million in the funding round of Series B from the clutch of undisclosed investors.
The company as of now has a plan to use the funds to expand to some of the new markets in the Southern Asia and invest in its product to provide a complete plug and play model fo its clients with the help of its online platform.
The startup which has been announced in the year 2016 April, it helps to connect the businesses in need of transportation services with the pre-qualified transporters in the highly fragmented road freight market in South Asia. It offers a range of online logistics services and technology solutions to the medium and large businesses as well as the logistics service providers.
Ezyhaul had also earlier secured $5 Million in the funding round of Series A last year and expanded its operations in India and some other Southern Asian countries like Thailand, apart from integrating a cross border solution that even stretches from China to Singapore. Some of its clients include the Reliance industries, Exide Industries, DHL, Coca Cola, and DB Schenker.
“Businesses spend a lot of money and time as a result of unpredictable and unreliable freight movements. The Ezyhaul platforms empowers our clients with choice of carriers, scale, and operational intelligence to achieve improved logistics performance and reduced costs,” said Ezyhaul co-founder and COO Mudasar Mohamed.