Post Tagged with: "Rivigo"

Rivigo’s B2B express business will be acquired by Mahindra Logistics.

Rivigo’s B2B express business will be acquired by Mahindra Logistics.

Mahindra Logistics Ltd. (MLL) and Rivigo Services Private Limited (RSPL) announced that they had reached an agreement for the purchase of RSPL’s B2B express business by MLL. Under the terms of the agreement, MLL will acquire the express business through a Business Transfer Agreement (BTA), including the customers, team and assets of RPSL’s B2B express business, RSPL’s technology platform and[Read More…]

by September 27, 2022 News
Truck apps proliferate

Truck apps proliferate

Truck apps have come to increase the efficiency and earning-ability of truckers with the help of IoT and AI. Story by : Bhushan Mhapralkar To shift a fowler bed from Mira Road on the outskirts of Mumbai to Bhakti Park in the heart of Mumbai, Vinay hired a Maxximo mini-truck on the Porter app. He paid Rs.1500 for the task.[Read More…]

by April 3, 2020 Cover Stories

Rivigo Services raises Rs.100 crore in debt

Logistics company Rivigo Services has raised debt financing of Rs.100 crore from a clutch of private sector banks to expand its fleet of trucks. The Gurgaon-based startup has raised about Rs.400 crore from some of the country’s largest private sector lenders, including Kotak Mahindra Bank, HDFC Bank, YES Bank, and ICICI Bank, to finance the ramping up of its fleet.[Read More…]

by April 24, 2017 News

Rivigo raises USD 75 m in Series C funding

Private equity firm Warburg Pincus has invested USD 75 million in Rivigo. Third such transaction in India’s logistics sector by Warburg Pincus, the investment, claim industry sources, will give it a minority stake in Rivigo. Claimed to be one of the largest equity financing rounds raised by an Indian startup this year, the funds, Deepak Garg, CEO, Rivigo, is known[Read More…]

by January 2, 2017 News