About Rivigo
Rivigo is a company based in Gurugram (India) founded in 2014. Rivigo has raised $314.28 million across 16 funding rounds from investors including Yes Bank, HDFC Bank and Kotak Mahindra Bank. The company has 4,005 employees as of April 02, 2024. Rivigo offers products and services including Air Express, Surface Express, Last Mile Delivery, and Warehousing Solutions. Rivigo operates in a competitive market with competitors including Trucksters, Yimidida, Unishippers, Trukkr and Bot Auto, among others.
- Headquarter Gurugram, India
- Employees 4005 as on 02 Apr, 2024
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name Mahindra Logistics Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$645.31 M (USD)7.38as on Mar 31, 2024
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Net Profit
-$6.2 M (USD)-315.55as on Mar 31, 2024
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EBITDA
$26.76 M (USD)-11.83as on Mar 31, 2024
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Total Equity Funding
$314.28 M (USD)
in 16 rounds
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Latest Funding Round
$2.03 M (USD), Series H
Aug 03, 2022
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Investors
Yes Bank
& 21 more
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Employee Count
4005
as on Apr 02, 2024
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Products & Services of Rivigo
Rivigo offers a comprehensive portfolio of products and services, including Air Express, Surface Express, Last Mile Delivery, and Warehousing Solutions.
Provides reliable air freight for timely and safe goods transportation.
Delivers fast surface transport with low damage and pilferage rates.
Handles final delivery stages for e-commerce and business shipments.
Offers integrated warehousing for efficient goods storage and management.
Funding Insights of Rivigo
Rivigo has successfully raised a total of $314.28M across 16 strategic funding rounds. The most recent funding activity was a Series H round of $2.03 million completed in August 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 16
- Last Round Series H — $2.0M
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First Round
First Round
(30 Aug 2014)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series H - Rivigo | Valuation | Elevation Capital | |
| Dec, 2020 | Amount | Series G - Rivigo | Valuation | Spring Canter Investment |
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| Oct, 2020 | Amount | Series G - Rivigo | Valuation | Elevation Capital |
Investors in Rivigo
Rivigo has secured backing from 22 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Yes Bank, HDFC Bank and Kotak Mahindra Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by the private equity firm.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rivigo
Financial Statements - Rivigo
Rivigo Comparisons
Competitors of Rivigo
Rivigo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Trucksters, Yimidida, Unishippers, Trukkr and Bot Auto, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Long-haul truck services are delivered via an AI-driven relay system.
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| domain | founded_year | HQ Location |
Crowd-sourced e-commerce deliveries are facilitated through an online platform.
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| domain | founded_year | HQ Location |
Online booking platform for package and freight transportation
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| domain | founded_year | HQ Location |
Road haulage cargo is booked via app and web platform.
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| domain | founded_year | HQ Location |
Autonomous on-demand trucking services for freight transport are offered.
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Frequently Asked Questions about Rivigo
Rivigo was founded in 2014.
Rivigo is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Rivigo is a funded company, having raised a total of $314.28M across 16 funding rounds to date. The company's 1st funding round was a Series G of $30.54M, raised on Aug 30, 2014.
As of Apr 02, 2024, the latest employee count at Rivigo is 4,005.
Annual revenue of Rivigo is $645.31M as on Mar 31, 2024.
Rivigo was founded in 2014 and is headquartered in Gurugram, India. Operations focus on the logistics sector, where an online platform connects truckers and shippers for freight transportation. Services encompass cold chain, partial truckload, full truckload, express, and 3PL shipments. A driver relay model is employed to enable relay trucking. Shipments are booked and tracked through the digital interface.
Rivigo's top competitors include Unishippers, Yimidida and Trucksters.
Rivigo offers Air Express, Surface Express, Last Mile Delivery, and Warehousing Solutions.
Rivigo has 22 investors. Key investors include Yes Bank, HDFC Bank, Kotak Mahindra Bank, ICICI Bank, and KB Financial Group.
The valuation of Rivigo is $30.18M as of Aug 2022.