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Rivigo raises ₹140 crore from SCIL after acquisition deal approval
short by Aishwarya Awasthi / on Saturday, 5 December, 2020
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.
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