Rivigo Stock
Logistics Services & Solutions in India
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About Rivigo Stock
At Rivigo, They are a technology company that is building the material movement pipeline of India and making logistics human, faster, safer and cost-effective through a globally unique innovation, enabled by a strong interplay of technology, data, culture and operations excellence. Founded in 2014, they have been transforming the sector with their global-first driver relay model and cutting-edge technology to consistently provide unparalleled delivery times and reliability to their clients. The model also helps ensure that each of their truck drivers, the pilot, now spends less time away from his family, thereby leading a life of meaning, dignity and respect. Their full-stack logistics offering includes relay-led trucking and freight marketplace. Relay delivers express logistics across full truck load, part truck load and cold chain logistics. Clients leverage 50-70% reduced Turnaround Time (TAT) and higher reliability to reinvent their business models – serving new markets, reducing inventory and significantly cutting costs. RIVIGO Freight is India’s largest digital trucking marketplace. Clients can post or add full truckload requirements and get truck supply with a single click at best spot market rates. They empower numerous shippers and fleet operators to optimize their fleet and achieve maximum results and aim to bring a positive impact across the freight ecosystem by making it fully digital and transparent. RIVIGO Labs, their technology think-tank is home to the country’s best data scientists and engineers. The team has built multiple ground-breaking technology applications in logistics to fundamentally transform the sector. From building algorithmically complex models to accurately predict the life journey of a consignment to creating a dynamic pricing engine for India’s largest freight marketplace, the team is working on hundreds of never-done-before problems at scale. They are contributing to building the new India by defining the next-generation trucking industry. With accurate predictions, high levels of efficiency, simple automated operations, and a strong and pure mission, they are re-imagining logistics for India and the world.
Investors
InnoVen Capital
Rivigo, MobiKwik, OYO, Ather Energy, Swiggy, PharmEasy, Quikr, ZoomCar, GreyOrange
KB Global Platform Fund
Trifecta Capital
Funding History
April 2015 | $618M |
---|---|
December 2015 | $30.0M |
October 2016 | $75.0M |
March 2017 | $1.0B |
January 2018 | $3.2B |
July 2019 | $65.0M |
September 2019 | $4.9M |
January 2020 | $250M |
January 2020 | $3.4M |
November 2020 | $844M |
Management
Chief Executive Officer
Deepak Garg
Press
entrackr - May, 5 2023
Rivigo posts Rs 600 Cr in revenue in FY22, losses shrink 44%economictimes - Sep, 27 2022
Mahindra Logistics climbs 6% on Rivigo's acquisition announcemententrackr - Aug, 25 2022
Trucking unicorn Rivigo eyes M&A deal at a steep haircut in valuationvccircle - Aug, 23 2022
Rivigo kicks off Series H round for fundingift - Aug, 23 2022
Troubled logistics tech unicorn Rivigo held talks with Flipkart, FirstCry for a saleyourstory - Aug, 23 2022
Trucking logistics firm Rivigo raises $2M in Series H roundentrackr - May, 16 2022
Exclusive: IPO-bound Rivigo adopts new ESOP schemenews - Apr, 8 2022
Elevation Capital Raises $670M Fund To Invest In Indiabit - Mar, 16 2022
Ex-McKinsey exec joins as CEO of Rivigomybs - Feb, 5 2021
Logistics firm Rivigo's loss widens 6% to Rs 542 cr, revenue up 5%laffaz - Dec, 5 2020
Logistics startup Rivigo bags $19 Mn from Mauritius-based SCILinc42 - Dec, 4 2020
CCI Gives Nod For Acquisition Of Additional Shareholding In Logistics Startup Rivigo By SCILbit - Dec, 1 2020
CCI clears Warburg Pincus-backed SCIL investment in Rivigoentrackr - Nov, 2 2020
Rivigo kicks off Series G round with Rs 84 Cr tranche from Elevation Capitalentrackr - May, 10 2020
BlackBuck’s operating revenue may cross Rs 2,300 Cr in FY20entrackr - May, 10 2020
BlackBuck’s operating revenue may cross Rs 2,300 Cr in FY20prnewswire - Mar, 11 2020
Commercial Vehicles Market in India - Featuring BlackBuck, Delhivery, Porter and Rivigoentrackr - Mar, 6 2020
How BlackBuck dominated organised trucking in India in FY19yourstory - Jan, 30 2020
[Techie Tuesday] From developing code to bypass chat restrictions in college to working with Paytm and Rivigo – the journey of Qasim Zaiditech - Jan, 13 2020
India's fast-growing startups cut employee coststechcircle - Jan, 5 2020
Rivigo raises $3.4 mn from Trifecta Capital in debt funding roundinc42 - Dec, 13 2019
Rivigo Is Raising $20 Mn In Series F Fundingthetechportal - Sep, 26 2019
Indian logistics tech startup Rivigo joins the Unicorn Clubyourstory - Aug, 25 2019
Rivigo launches driver relay model as 'RaaS' for fleet owners, truck pilotstimesofindia - Aug, 2 2019
Rivigo collabs with JK Tyre to introduce TREEL tyre pressure monitoring system in commercial vehiclesyourstory - Jul, 31 2019
How a road trip and coffee led to the birth of billion-dollar logistics startup Rivigoyourstory - Jul, 30 2019
Indian logistics startup Rivigo granted US patent for its driver systeminc42 - Jul, 29 2019
Startup Layoffs On The Rise: Shopclues, Rivigo And Other Startups That Downsized In 2019economictimes - Jul, 21 2019
Firing squad: Jobs in the startup space see a dipinc42 - Jul, 17 2019
In Transitory Phase, Logistics Unicorn Rivigo Fires Nearly 100 Employees: Reportdealstreetasia - Jul, 17 2019
People Digest: Rivigo lays off 70-100 employees; Qlik names Ankur Goel as MDinc42 - Jul, 11 2019
Breaking: Logistics Unicorn Rivigo Raises $65 Mn In Series E Roundlivemint - Jul, 11 2019
Rivigo raises $65 million from Warburg Pincus, SAIF Partnerslivemint - Jun, 20 2019
Start-up Rivigo launches ‘National Freight Index’ for live freight rateslivemint - Feb, 19 2019
Why Rivigo is in angel investor Rahul Garg's anti-portfoliovccircle - Feb, 8 2019
Warburg Pincus, SAIF put more money in logistics startup Rivigolivemint - Jan, 24 2019
Rivigo FY18 revenue jumps 77% to ₹721 croredealstreetasia - Sep, 7 2018
India: Logistics start-up Rivigo Services in talks for $400m fundingbusiness-standard - Apr, 24 2018
Logistics firm Rivigo builds a long-haul trip with driversbusiness-standard - Apr, 20 2018
Logistics firm Rivigo is building a long-haul trip with its driversthehindubusinessline - Mar, 31 2018
Rivigo ties up with IDFC, YES Bank, for truck loansmedianama - Mar, 5 2018
Rivigo facing an exodus of senior-level executives: reporttechcircle - Feb, 19 2018
Exclusive: Logistics startup Rivigo sees senior-level exitstechstory - Aug, 17 2017
SoftBank to Invest $200 Million in Logistics Startup Rivigonanalyze - Aug, 3 2017
13 Startups Racing to be the Uber of Truckingtechstory - Aug, 11 2016
1,200 Ashok Leyland Trucks Ordered by Logistics Startup Rivigohindustantimes - May, 18 2016
Rivigo adds relay system to fuel age-old transport bizarticles - May, 18 2016
Rivigo gearing up to spend $100 million in new fiscal to beat rivalsthehindubusinessline - May, 18 2016
Tech-driven logistics firm Rivigo on road to be largest platform by 2020techstory - Dec, 18 2015
Rivigo Gains The Trust Of SAIF Partners; Raises $30 Million FundingEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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