Rivigo raised Rs 140 Cr fromWarburg Pincus’ affiliate Spring Canter Investment Ltd (SCIL).

Full-stack logistics and freight marketplace Rivigo raised Rs 140 crore from Warburg Pincus’ affiliate Spring Canter Investment Ltd (SCIL) which is a Mauritius-based investment holding company and its shareholders are certain private equity funds managed by Warburg Pincus LLC.

Rivigo has alloted 28,435 Series G2 CCPS at an issue price of Rs 49,455 per share to raise the sum from SCIL, regulatory filings show.

According to Rivigo’s website, it has over 5,000 trucks in its fleet operational across 4,000 cities in India and over 2,00,000 verified fleet owners, the company operates via more than 70 pit stops and has completed half-a-million trips to date.

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