India Digest: Fintech startup Connaizen & logistics firm Ezytruk raise funding

The latest in the fund raising in the startups space in India has seen fintech startup Connaizen and truck aggregator Ezytruk close funding round.

Fintech startup Connaizen gets angel funding

Fintech startup Connaizen that helps banks & marketers leverage consumer spending data to target them better, has received an undisclosed amount of angel funding from Umang Moondra, a former Citibank Singapore MD.

Headquartered in Singapore, the Delhi-based startup will use the funding for helping expedite the integration as it is soon going live with four private banks, according to a VCCircle report.

The startup was founded by Nikhil Garg, Vikas Bharti, Sanchit Kapoor and Siddhant Punn. It draws insights from the customer’s card transaction history, geographical location, search history and purchases by peers.

Logistics startup Ezytruk secures $147k funding

Ezytruk, a Bangalore-based logistics company, has secured $147,000 in funding from a couple of Dubai-based investors — Ajith Nair and Anish K.

The startup was founded in November 2015. It will use the money for establishing its commercial operations, marketing, IoT development and for organic growth strategy, as per an Economic Times report.

Ezytruk is a cloud-based software as a service (SaaS) application working on a pay-per-use model for both the carriers and shippers.

“With the support of our team and funding, Ezytruk intends to create an ecosystem bringing shippers (those who ship goods) and carriers (transporters who carry these goods) along with strategic OEM partners on a single connected platform built on the backbone of data-driven innovative solutions,” said Srikanth Maheswarappa, CEO, Ezytruk to Et reporter.

Also Read: India Dealbook: Startups Wydr, Tyre Express and Ethosh raise funds