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Start-up Ezyhaul has raised roughly $8,40,000 in seed funding to expand its market presence this year. The Singapore-based firm’s investment came from a group of logistics industry leaders it has declined to name.
Now active in Singapore and Malaysia, the service gets transport companies to do deliveries for its clients, calculates the fee, and takes a cut. It also allows shippers to track the movement of the truck, receive photos of the cargo and proof of delivery, and get an invoice digitally.
Ezyhaul now has 500 trucks on its platform and more than 45 active shippers, including DB Schenker and Ninja Van. Delivery volume is growing 80 per cent month over month.
The team wants to grow further in Malaysia and roll out in other markets like Indonesia and Thailand within the first half of the year.