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AUTOMOTIVE & TRANSPORTATION | Transportation Services / Logistics services
rivigo.com

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Founded Year

2014

Stage

Series G | Alive

Total Raised

$319.89M

Last Raised

$11.33M | 1 yr ago

Revenue

$0000 

About Rivigo

Rivigo is an express surface logistics firm platform that provides hassle-free, reliable, professional, and super-express logistics services. Its full-stack logistics offering includes relay-led trucking and freight marketplace. Relay delivers express logistics across full truck load, part truck load and cold chain logistics.

Rivigo Headquarter Location

Plot No-90, Sector - 44

Gurgaon, 122 003,

India

+91 8800 612929

Latest Rivigo News

Digital freight marketplace BridgeLinx raises $10 million in Pakistan’s largest seed funding

Sep 14, 2021

BridgeLinx, a 9-month-old Lahore-headquartered startup that operates a digital freight marketplace, said on Tuesday it has raised $10 million in what is the largest seed financing round in Pakistan. Harry Stebbings’ 20 VC, Josh Buckley’s Buckley Ventures and Indus Valley Capital co-led the startup’s financing round, which Salman Gul, co-founder and chief executive of BridgeLinx, told TechCrunch completed within weeks. This is 20 VC and Buckley Ventures’ second lead investment in Pakistan in recent weeks following an $85 million round in quick-commerce startup Airlift . Indus Valley Capital, which recently also backed business-to-business marketplace Bazaar , has invested in all three of the recent high-profile investments in the South Asian country. Wavemaker Partners, Quiet Capital, TrueSight Ventures, Soma Capital, Flexport, Magnus Rausing’s UNTITLED and founders of Convoy and Bazaar also participated in the round. BridgeLinx is building an asset-lite digital freight marketplace. The platform connects shippers — such as manufacturing companies, cement factories, textile companies — with truckers and private fleets. The platform provides its tech solutions to ensure documents validation on both ends, timely pickups, port operations and safety of cargo, said Gul, who previously worked at consultancy firm KPMG in Canada. BridgeLinx has already onboarded thousands of carriers and is moving thousands of freight-loads each week for many large customers, he said. As is true in India, Pakistan’s trucking system has a big inefficiency problem that continues to drag the economy. One of the biggest problems faced by truckers is that they are unable to find any use of their vehicles once they have made a delivery. So a truck delivering something to Karachi from Lahore is likely traveling empty on its return journey, which wastes both time and money. Startups like BridgeLinx are attempting to find ways to make this system more efficient, said Gul, who added that he has closely studied how Convoy, and India’s BlackBuck and Rivigo have expanded their businesses. BridgeLinx, like BlackBuck, currently operates on an asset-lite model — that is, it doesn’t own any vehicles. But Gul said there is benefit in replicating something from Rivigo, which owns its fleets. By having some trucks of its own, BridgeLinx will be able to ensure that vehicles on its platform are operating round the clock by having multiple drivers working in shifts. “We will eventually have a hybrid of what BlackBuck and Rivigo offer,” he said. BridgeLinx will deploy the fresh capital to expand to more verticals and broaden its tech offerings. The startup is also working on hiring more talent, he said. “BridgeLinx has cracked the code for making end-to-end freight work in a hassle free manner and therefore signed up some of the top businesses in Pakistan. We believe this team is well on its way to bring unprecedented efficiencies to the country’s economy and are really excited to partner with them,” said Aatif Awan, Managing Partner at Indus Valley Capital, in a statement. On a side note, it’s interesting to see Stebbings and Buckley being the earliest investors to back startups in Pakistan at a time when several high-profile venture funds in Asia — including Sequoia Capital India, Accel, and Lightspeed — are yet to make any move in the country. Arguably, it’s the best time to back startups in Pakistan. The internet penetration has grown considerably in the country in the past decade and scores of startups are beginning to build the railroads for commerce, logistics, and payments. Prosus has backed one startup in Pakistan — Bykea  — and it recently made its first investment Bangladesh — ShopUp , which counts Sequoia as one of its earliest backers.

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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 3 CB Insights research briefs, most recently on Sep 30, 2021.

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

3,710 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

865 items

T

Trucking Tech

410 items

We define trucking tech broadly as companies developing technology-enabled services and products focused on the freight trucking industry, such as trucking-oriented marketplace platforms, fleet management solutions, and onboard monitoring and tracking systems.

P

Pharma Supply Chain

1,258 items

Rivigo Patents

Rivigo has filed 2 patents.

The 3 most popular patent topics include:

  • Data management
  • Database management systems
  • Summary statistics
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

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00/00/0000

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Application Date

8/22/2017

00/00/0000

Grant Date

3/17/2020

00/00/0000

Title

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Related Topics

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

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Status

Grant

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