# Rivigo Services Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rivigo-services-private

- Industry: Logistics & Distribution
- Headquarters: Gurgaon, India
- Website: www.rivigo.com
- Total disclosed funding: $274M
- Latest round: Series H (Aug 3, 2022)
- Investors on record: 8

## About

Rivigo Services Private Limited specializes in integrated supply chain and mobility solutions, providing efficient logistics services that streamline the movement of goods across various sectors in India.Founded in 2014 in Gurgaon, India, Rivigo Services Private Limited is a logistics company that focuses on optimizing supply chain operations. The firm has undergone changes in business strategy, particularly with its B2B express logistics segment. In September 2022, Mahindra Logistics Ltd. acquired Rivigo's B2B express business for INR 2250 million, marking a pivotal moment in its operations. The company is led by CEO Prasanna Pahade, who has been instrumental in its strategic direction. Total funding raised amounts to INR 2250 million as of the latest deal.Rivigo Services Private Limited offers a suite of integrated supply chain and mobility solutions, including B2B express logistics, contract logistics, air freight, and last-mile delivery services. These offerings cater to a diverse clientele across industries such as pharmaceuticals, automotive, consumer goods, and e-commerce, ensuring efficient delivery and supply chain management. Rivigo serves clients in over 200 cities throughout India, leveraging an extensive network of processing centers and transportation hubs to enhance logistics operations.In 2023, Rivigo Services Private Limited reported a revenue of INR 4,476,088.10 and an EBITDA of INR 15,280,051.90. The company's revenue is derived from B2B transactions and service contracts, emphasizing solutions that enhance operational efficiency and improve delivery times.Rivigo Services Private Limited aims to expand its product offerings and enhance its operational capabilities in the upcoming years. Following the acquisition in September 2022, the company plans to leverage the recent funding to further develop its logistics solutions and explore new markets. The anticipated completion of the transaction by November 1, 2022, is expected to unlock growth opportunities and facilitate entry into additional regions across India.

## Funding rounds

- Series H, Aug 3, 2022, $2M — Warburg Pincus, Elevation Capital
- Series G, Dec 3, 2020, $19M — Warburg Pincus
- Series G, Oct 23, 2020, $11M — Elevation Capital
- Series F, Dec 18, 2019, $20M — SAIF Partners, Trifecta Capital Partners, Spring Canter
- Series E, Jul 11, 2019, $35M — Warburg Pincus, SAIF Partners, KB Global Platform Fund
- Series E, Feb 6, 2019, $36M — Warburg Pincus, Elevation Capital
- Series D, Dec 15, 2017, $50M — Warburg Pincus, Elevation Capital
- Series C, Nov 4, 2016, $75M — Warburg Pincus
- Series B, Nov 30, 2015, $15M — Elevation Capital
- Series A, Apr 1, 2015, $10M — IndigoEdge Management Consultancy, Singapore Post Limited, Elevation Capital

## Investors

- IndigoEdge Management Consultancy — Series A
- Singapore Post Limited — Series A
- Elevation Capital — Series A, Series B, Series D, Series E, Series G, Series H
- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series C, Series D, Series E, Series G, Series H
- SAIF Partners (https://capitalatlas.ai/funds/saif-partners) — Series E, Series F
- KB Global Platform Fund — Series E
- Trifecta Capital Partners — Series F
- Spring Canter — Series F