What type of company is Rivigo?

technology company
RIVIGO is a technology company that is building the material movement pipeline of India and making logistics human, faster, safer and cost-effective.

Is Rivigo a good company?

Work environment is good but no growth Good for career start as there are open opportunity to learn so many things beyond your profile. Good for learning as a fresher but don’t stay long time for growth as there is no financial growth.

How does Rivigo operate?

In this business model of Rivigo, the truck drivers work in shifts, handing over the truck to the next driver at designated pit stops along the route. Having handed over the truck, the driver then takes the wheel of another truck to make the return journey so that he is back at his home stop by the end of the day.

Who is the founder of Rivigo?

Deepak Garg
Gazal Kalra
Rivigo Services/Founders

Deepak Garg is a thought leader in the field of new age logistics. Deepak founded RIVIGO in 2014 with a globally unique idea of relay driving to make logistics faster, safer and more human using technology and data.

Who are the customers of Rivigo?

It has over 2,000 clients including Maruti Suzuki, Hero MotoCorp, ITC, Flipkart, and Sun Pharma. Rivigo competes with well-funded startup BlackBuck that has raised $135 million in funding as well as Gati, 4tigo, TruckSuvidha, and TruckMandi.

What happened to Rivigo?

Rivigo was receiving pressure from investors to cut costs as it has not been able to charge a premium for its fast relay service, and its asset-light freight business also had gaps, which led to misuse by some truckers. …

Why is Rivigo failing?

Rivigo was receiving pressure from investors to cut costs as it has not been able to charge a premium for its fast relay service, and its asset-light freight business also had gaps, which led to misuse by some truckers. This is probably why most of the layoffs also happened mainly in its freight marketplace team.

How does Rivigo make money?

The average Rivigo salary ranges from approximately ₹3,94,909 per year for an Operations Associate to ₹33,74,221 per year for a Program Manager. Rivigo employees rate the overall compensation and benefits package 3.0/5 stars. The highest-paying job at Rivigo is a Program Manager with a salary of ₹33,74,221 per year.

Is Rivigo a unicorn?

Rivigo had turned unicorn in September 2019 after raising $4.9 million from a South Korean fund KB Platform Fund. It currently competes with the likes of Blackbuck, Fortigo, Gati, etc. The logistics sector in India is around $160 billion with road logistics being its major player.

When did Rivigo started?

2014
Rivigo Services/Founded