Logistics firm Rivigo's loss widens 6% to Rs 542 cr, revenue up 5%

The firm's total expenses for the fiscal rose 5 per cent to Rs 1,622 crore

Technology-enabled logistics firm Rivigo's revenue for financial year 2019-20 rose 5 per cent to Rs 1,080 crore, while net loss increased 6 per cent to Rs 542 crore during the year, according to data accessed by business intelligence platform Tofler.

The company’s total expenses for the fiscal rose 5 per cent to Rs 1,622 crore.

The Gurugram-based unicorn raised Rs 140.63 crore from Warburg Pincus affiliate Spring Canter Investment Ltd in December. In November, it raised $11.4 million from Elevation Capital (earlier SAIF Partners) in its Series G round and $3.4 million debt funding from Trifecta last January.

Founded in 2014 by Ghazal