Gurgaon based startup, Rivigo, leverages on cutting-edge technologies such as; big data, the Internet of things, and advanced analytics to transform the logistics industry. The startup aims to build a new India by defining the next-generation trucking industry.
Rivigo Challenges The Norms
Rivigo was founded by Deepak Garg, an IIT Kanpur, and IIM Bangalore alumni in 2014. Prior to the inception of this company he worked as a consultant with McKinsey&Co.
The company works on the relay operating model that reduces the transit time of trucks by 50%-70% in India as compared to traditional truck operators.
This technology startup focuses on building the material movement pipeline in the country and in the process making logistics faster, cost-effective, safer, and more humane for the truck drivers. The company uses the strong interplay of data, culture, operational excellence, and technology.
How Does It Work?
The company offers first of its kind driver-relay model. This model ensures that all the truck drivers or the ‘pilots’ of Rivigo spend less time away from their family. The relay service delivers express logistics across part or full truckload and cold chain to customers across various industry verticals such as; FMCG, e-commerce, retail, automotive, and pharmaceuticals.
The company claims that the rapid transit time helps its clients in cutting down their inventory costs, reduce the requirement of storage space, preventing stock-outs, reducing the working capital need, and improving speed to market.
Rivigo Offers An Extensive Network
The pan India network offered by Rivigo includes over 70 pit stops across the country. Rivigo provides FTL service to any destination from almost any location and not just between tier 1 and tier 2 cities.
Rivigo owns a fleet of 3000 plus trucks which are capable of handling voluminous cargo. The company ensures that each trip is pre-inspected and their round the clock tracking and monitoring team makes sure that the nearest OTM and pit stop dealer is immediately informed in case of breakdowns.
Their network is completely led by technology and is data driven that allows them to automate decision-making and reduce errors.
Besides that, Rivigo Freight is one of the largest digital trucking marketplaces in India where clients can get full truckload requirements and truck supply in a single click and at best market rates.
The Road Ahead
This logistics service provider has managed to raise USD 35.6 million of funding led by its existing investors- SAIF Partners and Warburg Pincus. According to Crunchbase, Rivigo has raised around USD 216 million of total funding till date. Rivigo competes with some of well-funded logistics startups in the country.
To learn more about the services offered by this logistics service provider, get in touch with the team of today.