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RIVIGO FREIGHT
Improved sector dynamics to support logistics stocks: Three stocks with up to 41% upside potentialRising demand, e-commerce, policy reforms and improved transportation infra to drive performance.- Rising fuel cost pushes India Inc to hike pricesRising fuel expenses are having a cascading effect on manufacturing costs across sectors, which is resulting in higher prices for the end c...
- Rising fuel cost pushes India Inc to hike pricesFor trucking, almost 45% of the cost is due to fuel. And with fuel prices having gone up 65 times since the onset of Covid, the total incre...
- Hit hard by the virus and lack of demand, India's trucking industry now battles shortage of driversWith some relaxation in the lockdown kicking in from April 20, movement of goods is expected to see a reprieve. However, the logistics sect...
- Rivigo FY 2019 revenue up 42% at Rs 1,028 croreRivigo 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 d...
- Rivigo lays off 70-100 staffers, rolls back on-campus offersGazal Kalra, co-founder of Rivigo, attributes attrition to ‘performance and market dynamics’.
- Warburg Pincus & SAIF Partners lead $65 million funding round in RivigoFULL TANK: Funds are rolling in as investors get on road in search of a big deal. Rivigo has $65m, while Samsung is spotting opportunities
- BlackBuck’s out to raise $150 m in new roundLatest financing round may value trucking company at around $800-850 million.
- New investor Sequoia, others deliver Rs 202 cr to logistics firm BlackbuckSequoia Capital had closed its sixth India-focussed fund in August at $695 million, making it the biggest venture capital firm in the count...
- Delhivery truck to enter Dalal Street soonDelhivery has hired investment banks Goldman Sachs, Morgan Stanley, Citigroup and Kotak to run the IPO process.
- As GST era sets in, this is why coders and investors have their eyes on the highwayWith increasing margin pressure and high congestion at airports, ecommerce players are likely to turn to road freight in the GST regime.
- Yebhi Now! Agarwal kick-starts Truxapp with $3.1 millionManmohan started working on this venture in November 2014 and formed the company in February 2015 investing some of his own capital.
- This startup wants to be Flipkart of logisticsFounded in May 2016, Cogoport is an online logistics marketplace that aggregates ocean and airline freight carriers for exporters and impor...
- How dreams of logistics startups turned to dustIn 2016, the challenges boiled down to the fragmentation of the sector and the inability of technology alone to resolve problems.
- Ecommerce is passé. Moonshot ideas will grab attention of startups in 2017Moonshot ideas will grab the eyeballs - unique fintech models, an open source programming language, media and traditional businesses with a...
- Why 2016 was a rough year for Indian startupsAs investors snapped their purses shut, one-time favourite sectors ventures) saw funding dry up, as much touted startups withered in a host...
- Digital offers a way out for online logistics companiesPost-demonetisation, startups are latching on to the digital to solve truckers' cash woes
- Inviting truckers for dinner was big startup idea of Rivigo's Deepak GargGarg introduced 'Driver Relay Model', making sure that truck drivers get back home on the same day (or within 24 hours), reducing turnaroun...
- How startups like ThePorter, LetsTransport, Blackbuck are driving unorganized trucking business towards efficiencyA fleet of startups is following an Uber-like model to organize truckers, track consignments and take the unreliability out of the logistic...
- With the ecommerce industry set to hit $100 billion by 2020, can logistics business be far behind?Existing logistics operators have failed to keep pace with the growth of an industry expected to cross $100 billion in size by 2020.
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