Rivigo raises ₹140 crore from SCIL after acquisition deal approval

Gurugram-based logistics startup Rivigo has raised ₹140 crore from SCIL, an investment holding company, filings revealed. The funding follows CCI's approval of Rivigo's acquisition by SCIL through the subscription of compulsorily convertible preference shares. Earlier in November, Elevation Capital had invested ₹84 crore in the first tranche of Rivigo's Series G funding.