Rivigo Raises USD36 Million from Warburg Pincus and SAIF Partners

Source(s): VCCircle | Author(s): Vijayakumar Pitchiah

India-based logistics technology company Rivigo Services has secured USD36 million in a funding round led by global private equity fund manager Warburg Pincus. India-focused venture capital firm SAIF Partners also participated in the round. Warburg, which originally invested in the company in 2016, contributed INR1.5 billion (approximately USD21 million) of the total investment while SAIF invested the remainder. The investment reportedly brings Rivigo’s total external funding to approximately USD200 million.