Blackbuck BlackBuck, run by Zinka Logistics Solutions Pvt. Logistics company Rivigo has reported a 44.78% jump in revenue to Rs 1,002.59 crore for the year ended March 2019.

In the financial year that ended in March 2019, Rivigo's revenue climbed to $105 million, a 77 percent year-over-year growth rate, TechCrunch reported. Ltd was founded in April 2015 by IIT Kharagpur alumni Yabaji, Chanakya Hridaya and Ramasubramaniam B. HQs in Bengaluru. However, unlike most of those companies, Rivigo does not have an asset-light model. Sales have also been brisk since its relay trucking model … Started in 2015, Rivigo has so far raised about $270 million in equity and debt from SAIF, Warburg, Trifecta Capital, Kotak Mahindra Bank, HDFC Bank, and YES Bank.
The revenue comes from the difference in the selling price, and the price they acquire the products from. Affiliate marketers can also be considered a sub-category of this business model. In FY18, Rivigo reported a revenue of INR 720 Cr, along with the company expenses at about INR 990 Cr. Image Sourced by Pixabay. Founded in 2014, we have been disrupting the sector, with our unique operational model and cutting edge technology, to consistently provide unparalleled delivery times to our clients while improving quality of life of our delivery people. In the financial year that ended in March this year, Rivigo’s revenue jumped to $105 million at a 77% year-over-year growth rate. Affiliates’ main revenue source comes from commissions they get … Rivigo closely competes with Blackbuck, GATI, Fortigo and several others. Logistics company Rivigo expects to turn profitable in the current financial year as the firm has been able to keep costs in check. Rivigo is a technology-enabled logistics company that aims to deliver reliability through our network and provide transparency to our clients. Soon after the company’s Series E funding round, it has laid off nearly 70-100 employees . In a recent VCCircle analysis, Rivigo was one of the tech firms expected to become a ‘Soonicorn’, in other words, to hit Unicorn status in 2018. Unicorn is an industry term for startups commanding a valuation of $1 billion or more.