Gurugram-based Rivigo has raised Rs 16 crore (around $2 million) in a Series H round drove by existing financial backers Elevation Capital and Warburg Pincus member Spring Canter Investment.
Administrative filings with the Registrar of Companies (RoC) uncovered that the startup raised about Rs 8 crore each from Elevation Capital and Spring Canter Investment Limited by giving 11,840 Series H obligatorily convertible inclination offers to both VCs.
The organization didn’t remark on the news, till the hour of distributing.
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In December 2019, the firm shut its Series F round at Rs 141.97 crore ($20 million) from SAIF Partners and Spring Canter Investment Ltd.
In January 2020, the coordinated factors tech unicorn had brought $3.4 million up in the red subsidizing from Trifecta Capital.
Rivigo entered the unicorn club in September 2019, subsequent to raising $4.97 million from KB Global stage reserve, the speculation arm of South Korea-based KB Financial Group Inc, at a normal valuation of $1.05 billion.
Established by IIT Kanpur graduate Deepak Garg and Stanford former student Gazal Kalra in 2014, Rivigo gives dish India planned operations administrations to online business, drugs, autos, cold-chain, and FMCG organizations. With north of 250 handling units and in excess of 70 refueling breaks, Rivigo says it gives the biggest organization administration inclusion, traversing more than 30,000 pin codes in India.
In another continuous turn of events, media reports say that Rivigo is in chats with web based business commercial center Flipkart, and omnichannel child items retailer FirstCry for a likely deal.
