SG-based Ezyhaul raises $16m Series B to fund Indonesia, PH expansion

Ezyhaul co-founders (L-R): Nicky Lum, Raymond Gillon and Mudasar Mohamed.

Singapore-headquartered freight and logistics startup Ezyhaul announced on Wednesday that it has closed a $16 million Series B round to fund its expansion into Indonesia and the Philippines.

The fresh capital will also be used to further drive Ezyhaul’s technological innovation to offer a complete “plug and play” model for its clients.

Ezyhaul’s co-founder and CEO Raymond Gillon told DealStreetAsia that he expects to start operating in both Indonesia and the Philippines by end of this year.

Founded in Singapore by Gillon, Mudasar Mohamed, and Nicky Lum, Ezyhaul first launched its services in Malaysia in 2016 where its core technology and product development teams are based.

The startup has been growing 900 per cent in revenue since the close of its $5-million Series A round in 2018.

The capital from its Series A round was used to reinforce its presence in Malaysia and expand its operations to Thailand and India, as well as integrating a cross-border solution that currently stretches from China to Singapore.

The startup declined to disclose its current investor base but a report by The Star had said Ezyhaul’s seed round, which closed in 2017, was funded by private investors from the US, Singapore, and Australia.

Gillon added Ezyhaul’s current fleet consists of more than 8,000 trucks and transporters and “is still rapidly growing”. “On the back of our expansion and growth in current markets, we expect to double this number over the next 12 months.”

Last year, Ezyhaul’s platform managed more than 50 million kg of freight across Singapore, India, Malaysia and Thailand. Its client base includes Coca Cola, Reliance Industries, On-Semi, Flipkart, DHL, and DB Schenker.

Unlike other existing players who are also in Southeast Asia such as Lalamove and GOGOVAN, Ezyhaul said its focus is on transportation in the B2B space.

Ezyhaul’s platform includes dynamic route optimisation technology that builds efficient delivery routes, vehicle utilisation, and minimises total transportation costs – measures that help reduce shipping costs for clients.

The platform also provides real-time track and trace visibility, access to online documentation, invoicing, and proof of delivery (POD). It recently launched a control tower that monitors truck movements, provides intelligent exception alerts and predicts estimated time of arrival for shipments.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.