Rivigo, a technology company that is building the material movement pipeline, has raised $3.4 million in debt funding from venture debt firm Trifecta Capital, marking the company’s third debt financing. The company was founded by Gazal Kalra & Deepak Garg in 2014.
Earlier in December, Rivigo seeks to raise $20 million as part of its Series F.
The company will utilize these funds towards capital expenditure and working capital requirements of the business in accordance with the business plan adopted and approved by the board.
Rivigo operates in 4000+ cities, over 5000 high-tech truck fleet. It covers more than 29000 area pin codes with 70+ pitstops. It has over 200,000 verified fleet owners.
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