India’s logistics industry is currently experiencing a transformative phase. The expanding manufacturing base under the federal government’s Make in India initiative, the entry of global players in the logistics industry, along with the introduction of the Goods and Services Tax (G…
Tag: Rivigo
SoftBank to invest $200 m in logistics start-up Rivigo
Japanese conglomerate Softbank is eyeing logistics industry as it is set to infuse $200 Million in Gurgaon-based logistics startup Rivigo. The investment, if it goes through, could value the three-year-old company at nearly $1 billion, one of them said, while another pegged the potentia…
Foodtech start-up BOX8 secures $1 m venture debt from Trifecta Capital
Mumbai-based on-demand food delivery start-up BOX8 has raised about $1 million (Rs 7 crore) in venture debt funding from Trifecta Capital. This development comes right on the heels of the start-up raising $7.5 million (Rs 50 crore) Series B funding from IIFL Seed Ventures Fund and Mayfield Ventur…
Logistics start-up Delhivery secures $30 m from Fosun International
Gurugram-based e-Commerce logistics firm Delhivery has secured $30 million (Rs 194 crore) in funding from Chinese international conglomerate Fosun International. This additional investment is a part of the bigger equity financing round that saw a $100 million funding from The Carlyle Group, earli…
Intercity truck aggregator Trukky to raise $500K in pre-Series A round
Intercity logistics marketplace Trukky is raising $500,000 (Rs 3.25 crore) in a pre-Series A funding round from existing as well as new angel investors, a top company executive told. Owned and operated by Trukky Logistics Pvt Ltd, the SME-focused, mobile-first intercity logistics services platfor…
Logistics tech start-up Delhivery may rake in $100 mn in pre-IPO funding
Mumbai: Five-year-old e-commerce logistics startup, Delhivery may close a $100 million or Rs 670 crore pre-IPO fund raise which has attracted the interest of private equity biggie Carlyle group, China’s Fosun and Goldman Sachs Investment Partners, people familiar with the matter. The Gurgao…
Venture capital funding of logistics start-ups dips 68%
Hyperlocal logistics start-ups, the backbone for any e-commerce company, had a bumpy ride in 2016 in terms of fund raising and it does not seem to be getting any better. Venture capital funding into logistics start-ups has drastically declined by 68% to $124.61 million in 2016 compared to the pre…
Logistics start-ups get FASTags to tackle cash crunch
Long-haul logistics start-ups like Rivigo and Truckola are installing FASTags on their fleet to enable automatic online payments at toll plazas, after the government’s move to demonetise high-value currency affected cash transactions and crippled movement at border check posts. FASTags are radio …
Back to square one: Funds drying up for start-ups
After two years of hyper growth fuelled by a funding boom, India’s startup sector is busy getting back to the basics. And as these enterprises get ready for the new year, the glass looks more half full than half empty compared with the year gone by. Data from startup researcher Tracxn show …
Angels rush in as logistics sector is set to touch $10 bn
Venture capital firms scanning Indian markets for the next big investment opportunity after consumer internet would do well to have their eyes trained on technology-driven logistics startups. The market for logistics-technology businesses, which include delivery startups, truck aggregators and wa…