Gurugram-based transport logistics provider Rivigo has today raised Rs 500cr ($75 million) in its Series C round of funding. The investment comes from private equity firm Warburg Pincus which has acquired a minority stake in the company.
This is Warburg’s third investment in the Indian logistics sector in the past two years. Previously, the company had invested in e-commerce-focused logistics solutions provider Ecom Express and third-party logistics company Stellar Value Chain Solutions.
The funds raised will be used for expansion, hiring technology talent, adding IoT, automation and data sciences, Rivigo said.
Started in 2014 by IITians Deepak Garg and Gazal Kalra, Rivigo is a technology-enabled end-to-end logistics provider. The company claims to provide hassle-free services for companies in the e-commerce, pharmaceuticals, automotive, cold chain, FMCG and white goods sectors.