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RELAY TRUCKING
Mahindra to acquire Rivigo’s B2B express biz for Rs 225 crore in slump saleRivigo had held talks with Flipkart, FirstCry for potential deal- Troubled logistics tech unicorn Rivigo held talks with Flipkart, FirstCry for a saleThe discussions around Rivigo’s acquisition are still preliminary and may or may not result in a deal, said these people who spoke on the c...
- 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 granted US patent for its driver relay system"Our global first relay model being recognized by the USPTO is an endorsement of our pilot-first model predicated on innovation at a techno...
- 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
- Trucking ahead: Startups drive changes in industryThe startups, backed by large private equity firms, are improving the working conditions of truckers, who put in long hours behind the whee...
- Auto parts companies may face a hit as US truck orders peak outThe impact on the financials of Indian suppliers will reflect in the next few months.
- A roadside chat set me on my way for Rivigo moment: Deepak Garg, CEO, RivigoTipping Point is a once-a-week series that captures the defining moment of a prominent personality in India’s startup ecosystem, what the p...
- SoftBank hits the road again, in talks with Rivigo to invest at least $100 millionLast week, SoftBank acquired a $2.5-billion stake in Flipkart, taking its total investments in Asia’s third-largest economy this year to $6...
- 'Drive in India' can generate more jobs than 'Make in India'The relay system promises to make a once-despised occupation respectable and desirable. It can end today’s chronic shortage of drivers.
- Digital offers a way out for online logistics companiesPost-demonetisation, startups are latching on to the digital to solve truckers' cash woes
- Rivigo raises $75 million in Series C funding from Warburg PincusThe CEO of Rivigo, which competes with the likes of legacy operators such as GATI and Blue Dart, declined to share the specifics of the tra...
- 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...
- With 3 surface transport patents in US, Rivigo takes road less travelledDespite spending millions on R&D, this is a rare instance of an Indian startup filing for a patent.
- Rivigo expands part-truck deliveries to 100 cities ahead of festive seasonThe company said Rivigo Zoom will facilitate deliveries between Bangalore and Guwahati with a four-day transit; Delhi to Guwahati in less t...
- Rivigo adds 100 new cities for part-truck transport to meet festive rushWith this development, Rivigo services will now be available in most state capitals, major cities and industrial centres in the country.
- Rivigo aims to increase headcount by 500 this fiscalFounded in 2014, Rivigo has over 1,000 trucks, around 1,500 drivers and more than 41 strategically located pit stops across more than 150 d...
- Logistics firm Rivigo to treble truck fleet to 3,000 unit, banks on driver relay systemOne of the largest company in the logistics industry, driver relay system proven to be good,Chennai to Delhi deliveries in two days unlike ...
- Olympics torch arrives in Japan under tight securityJapan called for calm, but braced for trouble, at its leg of the Olympic torch relay as the flame arrived under tight security on Friday, a...
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