Rivigo raises $50 million from series D funding: Reports
January 15, 2018: Gurugram based logistics startup Rivigo has reportedly closed a $50-million funding round.
January 15, 2018: Gurugram based logistics startup Rivigo has reportedly closed a $50-million funding round. The company raised the funding from two of its existing investors, marquee private equity firm Warburg Pincus and sectoragnostic investment firm SAIF Partners, The Economic Times said in a report.
As per documents filed by the company, the round is believed to have closed 30 days ago wherein the company had allotted 8,231 Series D compulsorily convertible cumulative preference shares, at $4K per share, to SAIF Partners India for a total amount of $32.97 million.
Meanwhile, Warburg Pincus arm Spring Canter Investment has been allotted 4,477 Series D compulsorily convertible cumulative preference shares for a total of $17.93 million.
As no official statement has been made on the capital raising plans of the company, it remains unclear if the latest funding is part of a larger round.