Gurugram based logistics startup Rivigo revealed that it would be securing INR 141.97 crore in the funding round of Series F, according to the report.
As per the report, the company has issued 5086 Series F preferences shares at a nominal value of INR 10, with a premium of INR 279143 per share to the SAIF Partners and Spring Canter Investment Ltd, on the 9th of December.
The company which is founded by the Deepak Garg, and Gazal Kalra in 2014. Rivigo which provides the delivery services to automobile, eCommerce, pharmaceutical, FMCG companies, claims to have a network coverage of around 29000 pin codes in India.
Gazal Kalra, Co-founder, Rivigo, said,
“With RaaS (Relay-as-a-Service), we aim to offer the benefits of relay trucking to millions of fleet owners in India and bring efficiencies in the logistics industry, while directly addressing one of the biggest challenges of the chronic truck driver shortage.”