The Singapore-based firm, Ezyhaul has gathered INR 109.35 crore in Series B funding round, the company said in its statement, according to a media report.
The detail of investors has not been disclosed by the startup company.
It will use the fresh capital to expand its operations in South Asia as well as scale up its technological platform and products, Ezyhaul, which operates an Indian firm, Mulura Logistics Pvt. Ltd., told the daily news, VC Circle.
In the previous year, Ezyhaul made its foray in India by receiving investment $5 million in Series A round. It was established in 2016 by 3 co-founders namely, Nicky Lum, Mudasar Mohamed and Raymond Gillon. All three co-founders worked together in the logistics company, Uti Worldwide.
Through its online platform, the company bridges medium and large enterprises, who require logistics, to logistics providers. Clients can use the online platform and book domestic as well as cross-border transportation services.
Ezyhauls product offers various services-dynamic route optimisation, electronic documentation and invoicing and electronic proof of delivery, to name a few.