According to the report, Rivigo has issued 250 non-convertible debentures worth 10 lakh each amounting to ₹25 crores to Trifecta Capital.
Founded by Gazal Kalra and Deepak Garg in 2014, Rivigo is a technology startup transforming the Indian logistics sector through its innovative relay trucking model combined with its cutting edge technology to make logistics faster, safer and cost-effective.
The startup boasts of having a fleet of over 5,000 trucks and claims to deliver across nearly 30,000 pin codes in 4,000 cities in India.
Trifecta Capital is New Delhi-based venture debt fund investing across domains like ecommerce, healthcare, enterprise, and consumer products and services. The fund has over 40 startups in its portfolio including BigBasket, CarDekho, CureFit, Livspace, Ninjacart, and PharmEasy, among many others.