Company Name : Rivigo
Funding Amount : $30 million
Investor(s) SAIF Partners . .
Funding Round : Series B
In the Series B round of funding, led by SAIF Partners, Rivigo has raised $30 million with equity and debt financing.
The platform aims to leverage the raised capital to achieve its target of scaling 10 times in the next 12 months.
Rivigo was founded in 2014 as TrucksFirst.Rivigo provides services to some of the most premier clients across major industry verticals such as e-commerce, FMCG, Auto, Pharma and the Cold Chain space.
Deepak Garg, Founder and CEO of Rivigo said, “Rivigo has been consistently committed to innovate in the high-growth logistics space in the country and make these services simple, efficient, safe and sustainable for businesses. We’re thrilled with the faith that SAIF Partners and other investors have shown in our unique approach to logistics. We’ll be using the proceeds from this round to ramp up our operations. We’ll also be focussing on expandingthe technology team to add IOT, automation and data sciences.”
The logistics platform provides delivery services at a pan-India level including otherwise difficult geographies such as the North East and Eastern parts of India.