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Rivigo

rivigo.com

Founded Year

2014

Stage

Acquired | Acquired

Total Raised

$321.89M

Revenue

$0000 

About Rivigo

Rivigo offers an express surface logistics platform that provides logistics services. Its full-stack logistics offering includes trucking and freight marketplace. It delivers express logistics across the full truck load, part truck load, and cold chain logistics. The firm serves clients operating in the logistics sector. Rivigo was formerly known as TrucksFirst. The company was founded in 2014 and is based in Gurgaon, India. In November 2022, Rivigo was acquired by Mahindra Logistics. The terms of the transaction were not disclosed.

Headquarters Location

Plot No-90, Sector - 44

Gurgaon, 122 003,

India

+91 8800 612929

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Research containing Rivigo

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Rivigo in 4 CB Insights research briefs, most recently on Jan 11, 2023.

Expert Collections containing Rivigo

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Rivigo is included in 4 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

5,204 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

U

Unicorns- Billion Dollar Startups

1,204 items

P

Pharma Supply Chain

1,258 items

B

Biopharma Tech

401 items

Rivigo Patents

Rivigo has filed 3 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/22/2017

3/17/2020

Saskatchewan provincial highways, Data management, Summary statistics, Database management systems, Cluster analysis algorithms

Grant

Application Date

8/22/2017

Grant Date

3/17/2020

Title

Related Topics

Saskatchewan provincial highways, Data management, Summary statistics, Database management systems, Cluster analysis algorithms

Status

Grant

Latest Rivigo News

Mahindra Logistics Q3 Results Review - Recovery Still Few Quarters Away: ICICI Securities

Feb 3, 2023

Awaiting cost optimisation and contribution from Rivigo’s business. 6:58 PM IST, 03 Feb 2023 6:58 PM IST, 03 Feb 2023 6:58 PM IST, 03 Feb 2023 Save ADVERTISEMENT BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. ICICI Securities Report Mahindra Logistics Ltd.’s Q3 FY23 Ebitda was slightly ahead of our estimates; however, profit after tax was lower owing to higher interest cost. Key takeaways include: mixed quarter for third-party logistics division as automotive and manufacturing contributed to growth while consumer and e-commerce lagged; freight forwarding segment faced price headwinds; Rivigo operations accounted for Rs 450 million of revenue and loss of Rs 8.5 million at Ebitda level; and added ~1.1 million square feet of total space under management in Q3 FY23. Going ahead, Mahindra Logistics has guided for consolidated gross margin to improve by 25-50 bps per annum and express business to become positive at Ebitda level in H1 FY24. While we remain optimistic on long-term prospects of the business and endeavour of the management to achieve Rs 100 billion revenue by FY26, in near term, stock performance is expected to languish. Taking cognisance of slower-than-expected recovery in margins and flat to declining price trajectory in the near term, we slash our FY23E/FY24E Ebitda by 13%/3%, respectively. Click on the attachment to read the full report: ICICI Securities Mahindra Logistics Q3FY23 Results.pdf View Document

Rivigo Frequently Asked Questions (FAQ)

  • When was Rivigo founded?

    Rivigo was founded in 2014.

  • Where is Rivigo's headquarters?

    Rivigo's headquarters is located at Plot No-90, Sector - 44, Gurgaon.

  • What is Rivigo's latest funding round?

    Rivigo's latest funding round is Acquired.

  • How much did Rivigo raise?

    Rivigo raised a total of $321.89M.

  • Who are the investors of Rivigo?

    Investors of Rivigo include Mahindra Logistics, Elevation Capital, Spring Canter Investment, Trifecta Capital Advisors, KB Financial Group and 5 more.

  • Who are Rivigo's competitors?

    Competitors of Rivigo include Freightos, Trella, Transporeon, Lori Systems, Kargo, Ofload, Transfix, Shiprocket, Xeneta, Dray Alliance and 58 more.

Compare Rivigo to Competitors

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BlackBuck

BlackBuck is a B2B tech logistics startup that brings together truckers and shippers through its online marketplace to facilitate inter-city freight transportation.

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Loadsmart

Loadsmart is a digital freight broker that specializes in full truckload shipping. The company leverages data and machine learning to build artificial intelligence processes into the complex freight brokerage cycle, allowing shippers to book a truckload in seconds and provide instant and targeted loads to carriers.

Uber Freight Logo
Uber Freight

Uber Freight is a freight shipping service provider. The company's mobile app matches carriers with shippers. Carriers can tap a button and instantly book a load with a flat fee, no back-and-forth negotiations.

Flock Freight Logo
Flock Freight

Flock Freight provides a freight carrier network that utilizes tech to pool multiple shipments into one full truckload.

Convoy Logo
Convoy

Convoy is a technology-enabled trucking network that allows shippers to connect with nearby trucking companies and book and track jobs instantly. Convoy's platform offers real-time notifications of jobs and free fleet management tools. Convoy was founded in 2015 and is based in Seattle, Washington.

Cargamos Logo
Cargamos

Cargamos provides logistics services by connecting shippers to drivers.

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