WATCH: Why Singapore-based logistics startup Ezyhaul is taking a U-turn and driving into India
Co-founder and COO, Mudasar Mohamed reveals what makes India such an important market and their future plans.
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Founded in April 2016 by Mudasar Mohamed, Raymond Gillon, and Nicky Lum Ezyhaul, Ezyhaul is focused on improving efficiencies in the highly fragmented $150 billion road freight industry in South Asia.
The three co-founders, who earlier worked at a logistics corporate in Singapore, decided to start up to solve the supply-and-demand problem for large businesses, and now plies 30,000 trucks in the Southeast Asia market.
But the trio has now set its sights on India, which is a huge market, and where – despite the many innovations – the transportation industry remains fragmented. Rivigo and Blackbuck may have built the business in India, but Ezyhaul, which is operational in Malaysia, Singapore, and Thailand, believes there’s room for more.
The Ministry of Road Transportation puts the number of trucks in India at around 12 million. However, 95 percent of the industry is disorganized. This presents a big opportunity that Ezyhaul did not want to ignore.
“Look at the numbers. The use of technology for truckers is yet to be solved in India. It took us three years to solve this in three global markets for inter-city transportation. India is a large business even if you combine all three South Asian markets that we serve, which is why we are here,”
In this video interview with YourStory, Mudasar talks about how he entered the trucking business in Bengaluru by “pure chance”.
He reveals that mentoring in his earlier company (Gati Logistics) landed him a job in Singapore where he worked in a global firm. He talks about how Ezyhaul was set up, scaled to 30,000 truckers, and eventually drew a strategic investor to invest $16 million.
Ezyhaul provides a range of online logistics services and technology solutions that offer mid-sized and larger businesses, as well as logistics service providers a quick, efficient, reliable, and cost-effective way to manage their domestic and cross-border transportation needs.