Rivigo raises $65 million in its latest round as it stands at the door of the unicorn club
- Logistics startup
Rivigohas raised $65 million in its Series E round.
- This funding, which came in from Warburg Pincus and
SAIF Partners, is a part of its ongoing Series E round.
- The startup’s last reported valuation was $950 million and with this funding it could have crossed the $1 billion mark to be a unicorn.
Rivigo’s last reported valuation was at $950 million when it raised the earlier tranche for the Series E round, in February. With the new round, Rivigo could have become India’s latest unicorn, although it’s not confirmed yet.
“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,” Deepak Garg, chief executive of Rivigo, said in a statement.
Rivigo and its competitor
Blackbuck had raised $150 million from Goldman Sachs Investment Partners and Silicon Valley-based Accel, along with Wellington, Sequoia Capital, B Capital and LightStreet and existing investors Sands Capital and International Finance Corporation.