Technology-enabled logistics firm Rivigo raised a funding of USD 65 Mn in the ongoing series E round led by existing investors Warburg Pincus and SAIF Partners. Rivigo has significantly improved its financial metrics across all businesses and aims to be profitable by the end of this financial year. Continuing the positive momentum, Rivigo recently launched path-breaking National Freight Index (NFI) to bring transparency to the largely unorganized logistics sector.
Started in 2014, Gurugram based startup has laid a strong foundation to build the future of logistics through its innovative ‘Relay Trucking’ model and its freight marketplace. Deepak Garg, Founder and CEO, Rivigo, said, “We continue on our mission to make logistics human and digital. Relay trucking is now very well established where relay truck pilots lead better life and customers gets exceptional service. With technology and freight marketplace, we now want to bring relay to every truck in the country.”