Rivigo: Technology helping the truck industry - Team-BHP
6 May 2019 7:39 AM IST
Came across an interesting article on Rivigo , a startup that is bringing in a "relay-system" in the trucking industry. Pretty interesting concept: - keeps the drivers local, within a
- Financial details of Rivigo: https://www.livemint.com/companies/s...255145507.html - FY18 revenues of Rs.
- Rivigo planning to raise another $400 million in debt and equity - Warburg Pincus (early investor in Airtel) and SAIF partners (early investor in MakeMyTrip, JustDial etc) are investors in Rivigo - Blackbuck.com is in similar space too.
- There is no need to get into a deep study but the fact remains that short haul truckers are always ruffians on the highways while the long haul drivers are the best when it comes to road manners and exercising patience.
- A popular feelt operator in Karnataka to whom a friend is related has shown me how they have a fully functional 24X7 command center that monitors movements of trucks and buses along with scenarios of Political unrest and riots, fuel price fluctuations etc.
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