Rivigo Unicorn

We are transforming logistics in India making it human, faster, safer and efficient

With over 550 company-owned trucks, Rivigo offers line-haul solution and claims to lower transit time by 50-70per cent compared to typical operators.

Rivigo creates value for merchants by drastically reducing time to market and inventory in transit, thus bringing reliability and end-to-end visibility in supply chains.

Founded in 2014 as TruckFirst, the company currently provides high quality services across major industry verticals such as e-commerce, FMCG, auto, pharma and the cold-chain space.

The company services clients including AbbottBSE, Hero MotoCorp, ITCBSE, and LupinBSE.

The company caters to sectors such as apparel and lifestyle, auto components, pharmaceuticals, e-commerce, electronics, consumer goods, engineering machinery, books and publications etc.

It recently began transporting spare parts for Hero MotoCorpBSE from the Neemrana (Alwar, Rajasthan) factory.

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Rivigo has a network coverage with more than 29000 pin codes in India.

Unlike traditional logistics companies, Rivigo's drivers travel shorter distances and hand over their trucks to another driver partner at designated pit stops. The baton-passing like model helps them avoid a longer journey of weeks or months.

A first-of-its-kind revolutionary index, which brings transparency to the previously opaque and fragmented logistics industry. National Freight Index enables unrestricted, real-time sharing of freight pricing, with the potential to unlock immense value for the logistics industry.

According to its official website, Rivigo has over 5000 high trucks fleet operational across 4,000 Indian cities.

With over 2,00,000 verified fleet owners, the company operates via more than 70 pit stops and completed half-a-million trips to date.

Gurgaon based Rivigo, now a brand of MLL Express Services Pvt. Ltd. (MESPL), comes in with the capabilities of a pan India B2B express network, a robust client base and a full-service technology suite.

the company has announced Series C financing of $75 million by an affiliate of Warburg Pincus

The round was led by existing investor SAIF Partners.

It recently began transporting spare parts for Hero MotoCorpBSE from the Neemrana (Alwar, Rajasthan) factory.

Integration of Rivigo's network, technology and process capabilities, will strengthen MLL's existing B2B express business and overall customer value proposition.

Rivigo has three products – Relay Full Truck Load, Express Cargo and Coldchain.

its B2B express business contributed over 58% or Rs. 371.3 crore to the company's total collection in FY21

Rivigo is building Relay-as-a-Service (RaaS) to directly address the inefficiencies in trucking and solve for the challenges faced by fleet owners and truck pilots in the country.

Rivigo has three products – Relay Full Truck Load, Express Cargo and Coldchain.

The largest component of the company's costs to earn this revenue was transportation distribution charges, taking up 51.5 per cent of the expenses. The amount spent on this particular function was Rs 510.65 crore, 80.7 per cent up from Rs 282.57 crore figure in FY17.

The company didn't disclose its expense details and booked Rs 556 crore as miscellaneous cost which was 64.4% of the overall expenditure. It covers all trip expenses including fuel, toll, tyre, loading/unloading, and pickup.

Its employee benefit expenses diminished 10.6% to Rs 90.7 crore during FY22 from Rs 82 crore in FY21