With this development, Rivigo services will now be available in most state capitals, major cities and ind ...More

With this development, Rivigo services will now be available in most state capitals, major cities and industrial centres in the country. ...Less

Insiders say there are unrealistic expectations and pressure on staff at Rivigo to achieve targets causin ...More

Insiders say there are unrealistic expectations and pressure on staff at Rivigo to achieve targets causing exits. ...Less

The purchase of the 1200 additional vehicles means Rivigo - the fastest growing surface transport company ...More

The purchase of the 1200 additional vehicles means Rivigo - the fastest growing surface transport company in India - will grow Rivigo's fleet size by 80% to 2700 vehicles in the next 6-7 months. ...Less

The business-to-business express delivery operations of Rivigo, which it is acquiring, will form a signif ...More

The business-to-business express delivery operations of Rivigo, which it is acquiring, will form a significant portion of Mahindra Logistics’ business. ...Less

Founded in 2014 as TrucksFirst, Rivigo aims to leverage the raised capital to achieve its target of scali ...More

Founded in 2014 as TrucksFirst, Rivigo aims to leverage the raised capital to achieve its target of scaling 10 times in the next 12 months, it added ...Less

"Our global first relay model being recognized by the USPTO is an endorsement of our pilot-first model pr ...More

"Our global first relay model being recognized by the USPTO is an endorsement of our pilot-first model predicated on innovation at a technological and human level," said Gazal Kalra, co-founder, Rivigo. ...Less

Rivigo had held talks with Flipkart, FirstCry for potential deal ...More

Rivigo had held talks with Flipkart, FirstCry for potential deal ...Less

Gazal Kalra, co-founder of Rivigo, attributes attrition to ‘performance and market dynamics’. ...More

Gazal Kalra, co-founder of Rivigo, attributes attrition to ‘performance and market dynamics’. ...Less

Surface transport company Rivigo Services has appointed Qasim Zaidi, the chief technology officer at Indo ...More

Surface transport company Rivigo Services has appointed Qasim Zaidi, the chief technology officer at Indonesian ecommerce unicorn Tokopedia, as its new technology head. ...Less

The discussions around Rivigo’s acquisition are still preliminary and may or may not result in a deal, sa ...More

The discussions around Rivigo’s acquisition are still preliminary and may or may not result in a deal, said these people who spoke on the condition of anonymity. Rivigo, they said, had evaluated merging its operations with Flipkart's logistics arm e-Kart, and FirstCry's e-commerce focussed logistics unicorn Xpressbees. ...Less

The company said Rivigo Zoom will facilitate deliveries between Bangalore and Guwahati with a four-day tr ...More

The company said Rivigo Zoom will facilitate deliveries between Bangalore and Guwahati with a four-day transit; Delhi to Guwahati in less than three days. ...Less

The CEO of Rivigo, which competes with the likes of legacy operators such as GATI and Blue Dart, declined ...More

The CEO of Rivigo, which competes with the likes of legacy operators such as GATI and Blue Dart, declined to share the specifics of the transaction. ...Less

Founded in 2014, Rivigo has raised more than $100 million in equity and debt financing from the likes of ...More

Founded in 2014, Rivigo has raised more than $100 million in equity and debt financing from the likes of global equity major Warburg Pincus and SAIF Partners. ...Less

Mahindra Logistics will also acquire the customers, team and assets of Rivigo's B2B express operations, t ...More

Mahindra Logistics will also acquire the customers, team and assets of Rivigo's B2B express operations, the technology platform and the Rivigo brand. The acquisition is slated to be completed on or before November 1. ...Less

With a team of top data scientists, Rivigo is creating systems that increase distance covered and improve ...More

With a team of top data scientists, Rivigo is creating systems that increase distance covered and improve turnaround times up to 70%. ...Less

Rivigo works on a relay trucking model that allows drivers to drive for a maximum of four-five hours at a ...More

Rivigo works on a relay trucking model that allows drivers to drive for a maximum of four-five hours at a stretch and reach home the same day. ...Less

Founded in 2014, Rivigo has over 1,000 trucks, around 1,500 drivers and more than 41 strategically locate ...More

Founded in 2014, Rivigo has over 1,000 trucks, around 1,500 drivers and more than 41 strategically located pit stops across more than 150 distinct routes. ...Less

Tipping Point is a once-a-week series that captures the defining moment of a prominent personality in Ind ...More

Tipping Point is a once-a-week series that captures the defining moment of a prominent personality in India’s startup ecosystem, what the person learnt from it and how it shaped the course of the journey. Today we bring you insights from Rivigo’s CEO ...Less

The latest financing follows the $75 million the three-year-old company raised in equity funding from glo ...More

The latest financing follows the $75 million the three-year-old company raised in equity funding from global private equity firm Warburg Pincus in November. ...Less

Last week, SoftBank acquired a $2.5-billion stake in Flipkart, taking its total investments in Asia’s thi ...More

Last week, SoftBank acquired a $2.5-billion stake in Flipkart, taking its total investments in Asia’s third-largest economy this year to $6 billion. ...Less

“We will continue to digitise and transform the logistics sector in the country, and are in the process o ...More

“We will continue to digitise and transform the logistics sector in the country, and are in the process of building many core technology products, for which we need to scale up our technology team,” Gazal Kalra, co-founder of Rivigo said. ...Less

Ashok Leyland claims this order of 500 fully-built vehicles is driven by the success of the iEGR technolo ...More

Ashok Leyland claims this order of 500 fully-built vehicles is driven by the success of the iEGR technology which has been developed indigenously. ...Less

FULL TANK: Funds are rolling in as investors get on road in search of a big deal. Rivigo has $65m, while ...More

FULL TANK: Funds are rolling in as investors get on road in search of a big deal. Rivigo has $65m, while Samsung is spotting opportunities ...Less

Garg introduced 'Driver Relay Model', making sure that truck drivers get back home on the same day (or wi ...More

Garg introduced 'Driver Relay Model', making sure that truck drivers get back home on the same day (or within 24 hours), reducing turnaround time by 50-70% on long-haul routes. ...Less

One of the largest company in the logistics industry, driver relay system proven to be good,Chennai to De ...More

One of the largest company in the logistics industry, driver relay system proven to be good,Chennai to Delhi deliveries in two days unlike eight conventional days. ...Less

The company has already inducted over 40 algorithm background engineers to maintain its edge over its riv ...More

The company has already inducted over 40 algorithm background engineers to maintain its edge over its rivals and is planning to hire more aggressively. ...Less

Despite spending millions on R&D, this is a rare instance of an Indian startup filing for a patent. ...More

Despite spending millions on R&D, this is a rare instance of an Indian startup filing for a patent. ...Less

With nearly two decades of experience, Chhari will focus on strengthening operations, expanding the netwo ...More

With nearly two decades of experience, Chhari will focus on strengthening operations, expanding the network, and enhancing process excellence. His expertise in B2B express logistics and large-scale expansion will be crucial for the company's growth and customer service. ...Less

The Series-D round of equity financing is the latest sum of capital raised by the three-year-old logistic ...More

The Series-D round of equity financing is the latest sum of capital raised by the three-year-old logistics startup, after it scored $75 million in November 2016. ...Less

The startup will be increasing its network of processing centres and trucking pit-stops, while also growi ...More

The startup will be increasing its network of processing centres and trucking pit-stops, while also growing its cold-chain business — Rivigo Green. ...Less

The transactions saw a number of senior as well as middle management executives at the company vest their ...More

The transactions saw a number of senior as well as middle management executives at the company vest their stock options in Rivigo Services. ...Less

Myntra founder has agreed to spend half-a-day on average every month with these startups ...More

Myntra founder has agreed to spend half-a-day on average every month with these startups ...Less

In a major revelation by the US Securities and Exchange Commission, software major Oracle was fined over ...More

In a major revelation by the US Securities and Exchange Commission, software major Oracle was fined over $23 million for using slush funds to bribe foreign officials, including those in the Indian Railways. The allegations are from the period between 2016 and 2019 when Oracle employees used deep discounts in different countries to further the use of their software. ...Less

This year, GST is likely to have some impact on growth, while industry members say the move will help the ...More

This year, GST is likely to have some impact on growth, while industry members say the move will help the sector in the long run, especially with the eway bill set to come into effect. ...Less

A month ago we reported that new-age logistics unicorn Rivigo had held talks with Flipkart and FirstCry f ...More

A month ago we reported that new-age logistics unicorn Rivigo had held talks with Flipkart and FirstCry for a potential sale after failing to raise fresh funds amid the economic downturn. Now, Mahindra Logistics has agreed to buy the troubled startup’s business-to-business (B2B) arm for Rs 225 crore in a slump sale. ...Less

According to a release issued by the institute, the key recruiter in the advisory and auditory consulting ...More

According to a release issued by the institute, the key recruiter in the advisory and auditory consulting cohort was PwC. ...Less

Aggregators including Blackbuck, Rivigo and Fr8 said orders have started to pick up again and believe tha ...More

Aggregators including Blackbuck, Rivigo and Fr8 said orders have started to pick up again and believe that the new tax structure will have an overall positive impact on the logistics sector. ...Less

With increasing margin pressure and high congestion at airports, ecommerce players are likely to turn to ...More

With increasing margin pressure and high congestion at airports, ecommerce players are likely to turn to road freight in the GST regime. ...Less

The GST will substantially lower the indirect tax incidence over a period of time, which will reduce the ...More

The GST will substantially lower the indirect tax incidence over a period of time, which will reduce the costs of manufactured goods. ...Less

The startups, backed by large private equity firms, are improving the working conditions of truckers, who ...More

The startups, backed by large private equity firms, are improving the working conditions of truckers, who put in long hours behind the wheel with little respite. ...Less

Post-demonetisation, startups are latching on to the digital to solve truckers' cash woes ...More

Post-demonetisation, startups are latching on to the digital to solve truckers' cash woes ...Less

Just three years after it hit a valuation of $1 billion, new-age trucking logistics firm Rivigo is in dee ...More

Just three years after it hit a valuation of $1 billion, new-age trucking logistics firm Rivigo is in deep trouble. Unable to raise funds, the startup is exploring a sale and has held talks with Flipkart or FirstCry, sources told us. We have more in the edition. ...Less

This bullishness to back early-stage companies comes in at a time when two of its largest bets Paytm and ...More

This bullishness to back early-stage companies comes in at a time when two of its largest bets Paytm and Rivigo face increased competition . ...Less

Mahindra Group anticipates its express business to become profitable by the year's end, driven by a renew ...More

Mahindra Group anticipates its express business to become profitable by the year's end, driven by a renewed focus on volume growth and cost efficiency. The company's logistics arm, Mahindra Logistics Ltd (MLL), has been working to integrate the B2B express business of Rivigo, acquired in 2022, and expects to achieve profitability through increased volumes and improved cost leverage. ...Less

Led by Internet companies, more than 1,000 startups raked in at least Rs 35,000 crore this year, a record ...More

Led by Internet companies, more than 1,000 startups raked in at least Rs 35,000 crore this year, a record for India’s startup ecosystem. ...Less

Mahindra Logistics is executing a financial turnaround by optimizing assets, rationalizing 1.5 million sq ...More

Mahindra Logistics is executing a financial turnaround by optimizing assets, rationalizing 1.5 million sq ft of unused warehouse space, and expanding into new segments. The company is piloting a premium B2C mobility service, strengthening Rivigo express logistics, and saw strong festive season volumes, supported by a recent successful rights issue. ...Less

Mahindra Logistics’ revenue is expected to grow 24% YoY to Rs 1349 crore, led by strong growth in auto se ...More

Mahindra Logistics’ revenue is expected to grow 24% YoY to Rs 1349 crore, led by strong growth in auto segment and consolidation of numbers from Rivigo B2B division. EBITDA margins are expected to remain rangebound at 5% (due to negative impact from loss making Rivigo B2B acquisition). ...Less

She comes with a vast experience of over 15 years. In her most recent role, she was the CHRO at Rivigo wh ...More

She comes with a vast experience of over 15 years. In her most recent role, she was the CHRO at Rivigo where she was leading people strategy, growth and achievement of business plans. She has also worked with organisations like G4S, EPL and Essar in the past. ...Less

Nationwide rollout of eWay bills is a huge opportunity for startups in the logistics and IT industry sinc ...More

Nationwide rollout of eWay bills is a huge opportunity for startups in the logistics and IT industry since it can be an additional source of revenue for them as well as a product extension. ...Less

The company’s previous investors include Zomato co-founder Pankaj Chaddah, MindTickle co-founder Mohit Ga ...More

The company’s previous investors include Zomato co-founder Pankaj Chaddah, MindTickle co-founder Mohit Garg, Max Healthcare CEO Rajit Mehta, and OYO New Real Estate CEO Rohit Kapoor. ...Less

BigBasket's holding company Supermarket Grocery, of which Tata owns 62%, filed documents with the Registr ...More

BigBasket's holding company Supermarket Grocery, of which Tata owns 62%, filed documents with the Registrar of Companies (RoC) recently about plans to increase the authorised share capital of the firm – typically an indication that a fresh cash infusion is on the cards. ...Less

The company aims to make India carbon-free leveraging its expertise in EV technology and tech-enabled ope ...More

The company aims to make India carbon-free leveraging its expertise in EV technology and tech-enabled operations on the ground. ...Less

An alumnus of Campus Law Centre, the University of Delhi from 2001 batch, Sharma had started his career a ...More

An alumnus of Campus Law Centre, the University of Delhi from 2001 batch, Sharma had started his career as practising lawyer in the Delhi and later had joined law firms Kesardass B. & Associates and FoxMandal Little for around a decade. ...Less

Since the transition to a new era with the rollout of GST, several tax and process changes have followed ...More

Since the transition to a new era with the rollout of GST, several tax and process changes have followed to make it simpler for businesses in every category. The supply chain network is getting more and more simplified ...Less

ICICI Securities has upgraded Mahindra Logistics to 'ADD' with a revised target price of Rs 350, down fro ...More

ICICI Securities has upgraded Mahindra Logistics to 'ADD' with a revised target price of Rs 350, down from Rs 360. The upgrade is driven by improved EBITDA performance, particularly with reduced losses at Rivigo and better contract logistics earnings. However, achieving break-even for Rivigo by Q2FY26 may be challenging due to industry pressures and competition. ...Less

The action comes close on the heels of the GST intelligence wing issuing a similar notice earlier this mo ...More

The action comes close on the heels of the GST intelligence wing issuing a similar notice earlier this month to a Bengaluru-based online gaming portal GamesKraft Technologies Pvt Ltd demanding Rs 21,000 crore in taxes, interest, and penalty. ...Less

Newly launched venture-debt firm Trifecta Capital Advisors has opened its account, investing Rs 36 crore ...More

Newly launched venture-debt firm Trifecta Capital Advisors has opened its account, investing Rs 36 crore in three startups a little over two months. ...Less

With some relaxation in the lockdown kicking in from April 20, movement of goods is expected to see a rep ...More

With some relaxation in the lockdown kicking in from April 20, movement of goods is expected to see a reprieve. However, the logistics sector has a bigger problem – lack of drivers. ...Less

Founded by Karan Shaha and Vikas Chandrawat in 2019, Vahak is a free-to-use, open marketplace for shipper ...More

Founded by Karan Shaha and Vikas Chandrawat in 2019, Vahak is a free-to-use, open marketplace for shippers and transport SMEs to discover and connect with truckers. ...Less

While some are roping in talent from markets such as the US, Europe and China, most are scouting for Indi ...More

While some are roping in talent from markets such as the US, Europe and China, most are scouting for Indian professionals with an international stint. ...Less

The company is also in touch with Delhi-based startup Rivigo to provide logistics support. ...More

The company is also in touch with Delhi-based startup Rivigo to provide logistics support. ...Less

The latest fund raise values the Bengaluru-based Zinka Logistics Solutions, which runs Blackbuck at aroun ...More

The latest fund raise values the Bengaluru-based Zinka Logistics Solutions, which runs Blackbuck at around $800-850 million. ...Less

In December, Vogo’s largest investor and ride hailing app Ola said it will finance 100,000 scooters for V ...More

In December, Vogo’s largest investor and ride hailing app Ola said it will finance 100,000 scooters for Vogo, worth $100 million signaling the company's interest the two-wheeler market. ...Less

Manmohan started working on this venture in November 2014 and formed the company in February 2015 investi ...More

Manmohan started working on this venture in November 2014 and formed the company in February 2015 investing some of his own capital. ...Less

The firm which has raised Rs 200 crore in the first close has also backed kidney-care chain Nephroplus, b ...More

The firm which has raised Rs 200 crore in the first close has also backed kidney-care chain Nephroplus, b2b messaging platform HelpChat and surface logistics player Rivigo since its inception in August 2015. ...Less

Companies such as Rivigo, MobiKwik, Netmeds, Zerodha, Pharmeasy, Sattviko, Toppr, Razorpay, Quikr, etc ar ...More

Companies such as Rivigo, MobiKwik, Netmeds, Zerodha, Pharmeasy, Sattviko, Toppr, Razorpay, Quikr, etc are increasing headcount in a bid to strengthen their teams to service the growing market. ...Less

“Recent appointments including those of Manish Jain as the National Sales Head – SME; Charles Devlin D’Co ...More

“Recent appointments including those of Manish Jain as the National Sales Head – SME; Charles Devlin D’Costa as the National Operations Head; and Vishal Singh Thakur as Head – Business Development and Customer Service for West Zone,” said Bala Aghoramurthy, Deputy Managing Director, Gati-KWE. ...Less

ISB is the only campus where some of these companies visit for their India placements," said Professor Ra ...More

ISB is the only campus where some of these companies visit for their India placements," said Professor Rajendra Srivastava, Dean, ISB. ...Less

This year, OYO Hotels and Homes has retained its top position on the list by expanding its services acros ...More

This year, OYO Hotels and Homes has retained its top position on the list by expanding its services across 80 countries. ...Less

Founded in April 2016, Smartworks has 15 operational facilities across nine cities covering 16,000 seatin ...More

Founded in April 2016, Smartworks has 15 operational facilities across nine cities covering 16,000 seating capacity. ...Less

Early backer of Paytm & MakeMyTrip raises $350 m for investment in education, healthcare & consumer brand ...More

Early backer of Paytm & MakeMyTrip raises $350 m for investment in education, healthcare & consumer brands ...Less

The placement this year has witnessed participation from a large number of companies from diverse sectors ...More

The placement this year has witnessed participation from a large number of companies from diverse sectors, IIFT said in a statement. ...Less

There are projections that India will witness at least 10 IPOs from internet companies over the next 3 ye ...More

There are projections that India will witness at least 10 IPOs from internet companies over the next 3 years, and Swiggy, Unacademy and Rivigo are among the names doing the rounds. ...Less

For women bosses of India Inc, the verdict is clear: workplaces need to be made more inclusive with bette ...More

For women bosses of India Inc, the verdict is clear: workplaces need to be made more inclusive with better policies. ...Less

The Indian startup story is still up and running, with investors backing ventures from trucking to educat ...More

The Indian startup story is still up and running, with investors backing ventures from trucking to education companies. ...Less

From 2011 to 2017, India had 10 Unicorns, the nomenclature given to private technology companies valued o ...More

From 2011 to 2017, India had 10 Unicorns, the nomenclature given to private technology companies valued over $1 billion. ...Less

Currently, the company offers a range of B2B and B2C products and financial services across digital payme ...More

Currently, the company offers a range of B2B and B2C products and financial services across digital payments, investments, loans, and insurance, among others and has introduced many industry-first offerings. ...Less

The new fund will make SAIF Partners one of the largest venture funds in India after Sequoia Capital, Acc ...More

The new fund will make SAIF Partners one of the largest venture funds in India after Sequoia Capital, Accel India and Nexus Venture Partners. ...Less

Alteria Capital, founded in 2018 by Vinod Murali and Ajay Hattangdi, typically puts in between Rs 2 crore ...More

Alteria Capital, founded in 2018 by Vinod Murali and Ajay Hattangdi, typically puts in between Rs 2 crore and Rs 100 crore in startups across sectors. In Generico, it is investing out of its maiden Rs 962 crore venture debt fund. ...Less

If the Haryana job reservation law comes into effect, many startups—several of them unicorns like Delhive ...More

If the Haryana job reservation law comes into effect, many startups—several of them unicorns like Delhivery, Makemytrip, Oyo and Zomato—may relocate from Gurgaon to Noida and Delhi, according to Nasscom, Quess and Xpheno. ...Less

China is a shining example of how to achieve excellence in logistics and supply chain. That playbook has ...More

China is a shining example of how to achieve excellence in logistics and supply chain. That playbook has at least a couple of strategies India should implement. ...Less

Byju’s is the 11th unicorn startup from India, following messaging app Hike that joined the club more tha ...More

Byju’s is the 11th unicorn startup from India, following messaging app Hike that joined the club more than 18 months ago. ...Less

The announcement comes after the appointment of former Disney+ Hotstar SVP and head - sales, Anupam Guran ...More

The announcement comes after the appointment of former Disney+ Hotstar SVP and head - sales, Anupam Gurani, as chief marketing officer. ...Less

The highest offer was Rs 50 lakh per annum from the BFSI sector. ...More

The highest offer was Rs 50 lakh per annum from the BFSI sector. ...Less

This appointment will further strengthen the firm’s core engineering and product teams with the aim to of ...More

This appointment will further strengthen the firm’s core engineering and product teams with the aim to offer seamless user experience to its customers on the platform. The startup also plans to hire 50+ people in engineering, data, product and design in the next 6-8 months. ...Less

Ahmedabad-based startup Lendingkart, recently raised an undisclosed debt fund from IFMR Capital instead o ...More

Ahmedabad-based startup Lendingkart, recently raised an undisclosed debt fund from IFMR Capital instead of raising funds from a PE or VC. ...Less

Battery firm Amara Raja Batteries has proposed a transaction to integrate the battery plastic component b ...More

Battery firm Amara Raja Batteries has proposed a transaction to integrate the battery plastic component business of Mangal Industries into its fold through a scheme of arrangement. ...Less

“There are business opportunities in funding start-ups and new generation companies,” says Sidharth Rath, ...More

“There are business opportunities in funding start-ups and new generation companies,” says Sidharth Rath, Group Executive, Corporate Banking, Axis Bank. ...Less

Trifecta, typically, backs ventures that have already raised some amount of institutional capital, prefer ...More

Trifecta, typically, backs ventures that have already raised some amount of institutional capital, preferably from top-tier venture capital funds, while taking into account the nature of the collateral, including physical assets or intellectual property. ...Less

Firm to exercise greenshoe option and raise Rs 200 crore more. ...More

Firm to exercise greenshoe option and raise Rs 200 crore more. ...Less

Oyo, Ola, Paytm, Quikr, Zomato and Rivigo have handed out pink slips or are likely to. ...More

Oyo, Ola, Paytm, Quikr, Zomato and Rivigo have handed out pink slips or are likely to. ...Less

One of the most popular recruiters on campuses, the Seattle-based ecommerce giant, Amazon, is making its ...More

One of the most popular recruiters on campuses, the Seattle-based ecommerce giant, Amazon, is making its first visit to Jodhpur, Indore and Bhubaneswar IITs. ...Less

The group that includes Vaibhav Kakkar of L&L partners and Karan Chandhiok of Chandhiok and Mahajan has r ...More

The group that includes Vaibhav Kakkar of L&L partners and Karan Chandhiok of Chandhiok and Mahajan has roped in former Natco Pharma executive CV Narayan Rao to help with technical assistance for the project. The team is looking to raise Rs. 2 crore for setting up the makeshift field hospital and for sourcing 100 oxygen concentrators which they estimate could help save 90,000 lives. ...Less

The startup also allotted equity through some compulsory convertible preference shares to Trifecta for Rs ...More

The startup also allotted equity through some compulsory convertible preference shares to Trifecta for Rs 2 crore, according to the company's filings with the Registrar of Companies. ...Less

The pandemic is a call to action for the government machinery and the private sector to work in tandem to ...More

The pandemic is a call to action for the government machinery and the private sector to work in tandem to ensure effective vaccine deliveries. ...Less

Prasad has been instrumental in designing and implementing policies, processes, and systems at domain-lea ...More

Prasad has been instrumental in designing and implementing policies, processes, and systems at domain-leading organisations throughout his career. ...Less

Sequoia Capital had closed its sixth India-focussed fund in August at $695 million, making it the biggest ...More

Sequoia Capital had closed its sixth India-focussed fund in August at $695 million, making it the biggest venture capital firm in the country. ...Less

Existing logistics operators have failed to keep pace with the growth of an industry expected to cross $1 ...More

Existing logistics operators have failed to keep pace with the growth of an industry expected to cross $100 billion in size by 2020. ...Less

The venture debt firm, which focuses on service providers enabling financial inclusion, recycling and cle ...More

The venture debt firm, which focuses on service providers enabling financial inclusion, recycling and clean energy , has struck 47 deals in the first six months of the current fiscal. ...Less