Rivigo

In a country where more than 90% of all startups fail within the first five years, many had no chance of surviving at all in the first place, says industrialist Anand Mahindra.

High valuations but strong business fundamentals: Should you buy this logistics stock? Ideas For Profit

This logistics player delivered a robust performance in Q1FY23 owing to a pick-up in auto volumes. And the management expects demand momentum to continue till the festive season. Although the stock valuations appear a bit stretched, it merits investors’ attention as the business fundamentals are solid and the market capitalisation offers ample scope for capital appreciation over the long run. Watch the video to know if you should buy it.

Mahindra Logistics acquires B2B express business Rivigo Services

Mahindra Logistics Ltd (MLL) will acquire the express business through a business transfer agreement (BTA), including the customers, team and assets of Rivigo's B2B express business and its technology platform.

Mahindra Logistics set to acquire Rivigo’s B2B express business

Gurugram-based Rivigo operates a pan-India B2B express network, covering over 19,000 pin-codes across the country

Trucking logistics firm Rivigo hits funding roadblock; talks to Flipkart, FirstCry for sale

Due to investors' increased caution as a result of the prolonged economic slowdown, the unicorn logistics tech company has had difficulty raising new capital.

Book excerpt: Digital Leapfrogs | Why Rivigo launched relay-as-a-service and what happened when redBus took bus tickets online

"While Rivigo transformed how companies move consumer goods and other products around India, redBus refashioned the way people moved around the country."

Startups in India: Meet these women unicorn founders

Startups in India: Women unicorn founders are few and far between but the overall tribe is increasing.

Startup Corner | ShopClues' woes point to a bigger malaise unfolding in venture world

The famed startup story is showing cracks. Once a leader in unbranded products, ShopClues is an example of how lack of foresight and complacency can affect a business

Rivigo raises $65 million in funding round led by Warburg Pincus, SAIF Partners

The company plans to utilise the funds to further strengthen its technology and network coverage.

Logistics company Rivigo launches National Freight Index

The NFI is the barometer of the road freight market in India and is based on Rivigo rate exchange, which gives a live spot rate on over 7 million lane and vehicle type combinations in the country.

Logistics startup WeelseEye raises $1 million from Prime Ventures

The logistics startup plans to use the funding to improve and refine its technology stack, which is still in early stages of development.

Rivigo may offer warehousing solution to its customers soon

Rivigo, which earlier this year closed a $50 million funding round from two of its existing investors, runs a relay model of trucking with the help of technology.

Rivigo raises $75 mn from Warburg Pincus

This is the fourth and largest round of capital raised by the company, with previous capital coming from a number of investors including SAIF Partners and Singapore Post, Rivigo said in a statement.

Logistics startup Rivigo raises $75 million from Warburg Pincus

Recently, the company ordered 1,200 medium and heavy commercial vehicles from Ashok Leyland to expand its pan India fleet.

Rivigo adds 100 more cities for faster delivery of cargo

"Rivigo today announced a significant expansion of its part-truck load capability - Rivigo Zoom by adding more than 100 cities to its pan India coverage. With the expansion, Rivigo services can now be availed of in most state capitals, major cities and industrial centres," the company said in a statement.

Logistics startup Rivigo orders 1,200 Ashok Leyland trucks

The company, which had raised USD 40 million in largely equity financing till date from SAIF Partners with a small component of venture debt funding from speciality debt financing firm Trifecta Capital, said its fleet size will increase by 80 percent with the latest order to 2,700 vehicles in the next 6-7 months.

Logistics firm Rivigo to treble truck fleet to 3,000

Eyeing a larger market share, logistics solutions provider Rivigo is banking on 'drivers relay system' for faster delivery of goods and is looking to take its trucking fleet to 3,000 this fiscal