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Rivigo scores $35 Mn from Warburg Pincus and SAIF Partners

Rivigo Services Pvt Ltd, which is a Logistics Technology firm has now secured $35.6 Million in the fresh funding round from some of the existing investors from SAIF Partners and Warburg Pincus.

The Gurugram headquartered company has now secured this sum by issuing the convertible preference shares to the private equity giant and multi-stage investment firm, according to the report.

Warburg Pincus led the round with an infusion of Rs 150 crore while on the other hand, SAIF partners accounted for the rest.

According to the report, Rivigo secured the fresh funding at a valuation of $947.8 Million, a little more than $50 Million short of the coveted Unicron status according to the privately held firm which is valued at $1 Billion or more.

Rivigo valuation had now raised to $900 Million in its previous funding, where they got the cheque of Rs 322.5 in the series D funding round.

Rivigo was founded in 2014 by the Kalra and Garg. It offers the PAN India delivery services to the e-commerce, automobile, cold-chain, fast moving consumer goods, and pharmaceutical companies.

Pixture Credits: Entrackr



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