Logistics services providing startup Rivigo has appointed former Microsoft executive Pramod Gupta as its chief financial officer. As per the report from VCCircle, he was appointed in the last 3-4 months.
It is not yet known if this is Rivigo’s first appointment or replacement for an incumbent. Pramod Gupta is a commerce graduate and a chartered accountant by professional qualification.
He has nearly 29 years of work experience in finance. He started his career with a nearly 12-year stint at FMCG giant Hindustan Unilever, where he was part of the fertilizers business vertical.
Prior to joining Rivigo, he worked for over three years at Microsoft India as the finance director. He has also worked for pharmaceuticals company Novartis, logistics company DHL, and North America-based consumer food brand Conagra.
Gupta’s appointment comes at a time when Rivigo is looking to scale up and expand its business. The company is reportedly in talks with SoftBank for about $100-400 million funding round that will value it at over $1 billion.
Founded in 2014 by Garg and Kalra, Rivigo provides logistics services solutions, including full truck-load, part truck-load, and cold chains, catering to industry sectors that include e-commerce, consumer goods, automotive, retail and pharmaceuticals.
It is one of the most heavily funded Indian logistics startups, having raised a over $122 million till date. Last year, in November, Warburg Pincus invested $75 million for a minority stake in the company as part of a Series C round.
It competes with the likes of BlackBuck, TruckSuvidha, Trukky, FR8, among others.