Warburg Pincus, SAIF put more money in logistics startup Rivigo

Warburg Pincus, SAIF put more money in logistics startup Rivigo
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  • The Gurugram-headquartered company secured this sum by issuing compulsory convertible preference shares (CCPS) to the private equity giant and multi-stage investment firm, show filings with the Ministry of Corporate Affairs (MCA).
  • TechCircle estimates show that Rivigo raised the fresh capital at a valuation of $947.8 million (Rs 6,784.05 crore), a little more than $50 million short of the coveted unicorn status accorded to privately-held firms valued at $1 billion or more.
  • Rivigo's competitor Blackbuck raised Rs 87.02 crore ($12.43 million) from existing investors in December, just two months after securing Rs 202.96 crore ($27.4 million) in a round led by new investor Sequoia Capital.
  • Before that, tech-enabled logistics startup Freightwalla raised an undisclosed sum from venture capital firms Kae Capital and San Francisco-based Tekton Ventures.


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