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Rivigo Services Appoints Qasim Zaidi as the New CTO

6Oct By Gauri SinghNo Comments

News

Rivigo Services Appoints Qasim Zaidi as the New CTO

Qasim Zaidi has been appointed at the Surface transport company Rivigo Services as its new technology head. Prior to this, he was the chief technology officer (CTO) at Indonesian e-commerce unicorn Tokopedia. Deepak Singh Ahlawat, co-founder of Purple Quarter confirmed this development. According to Ahlawat, the entire process, from identifying candidates to negotiating with them took about four months. Zaidi is believed to have joined Rivigo last month. “It’s (transport and logistics) a very exciting industry, and Rivigo has, obviously, stamped its presence in the space… Both, the top management and Zaidi, met a few times, and established a rapport, resulting in his decision to come aboard Rivigo,” Ahlawat stated. Zaidi has joined the company a few months after its previous CTO, Hema...

5Mar By NitishNo Comments

News

Rivigo Senior Management Resigned

A major ‘U-turn’ event is likely to be taking place at India's leading technology enabled logistics company ‘Rivigo’. The news is coming that more than half a dozen major executives, managers, senior and mid-level executives have decided to resign from their respective positions in the company. Rivigo offers pan India services to e-commerce, pharmaceutical and FMCG services. The recent development is a very gigantic step in the recent turn of events for the company, which was established in 2014, by Deepak Garg and Kalra. Chief Financial Officer Mr. Pramod Gupta from Microsoft, who joined the company in 2017, has served the notice for the resignation. The major exits include Bablu Tiwari, from Gati courier services has already exit. ALSO READ: Logistics Solutions Provider Rivigo ...

SoftBank Group May Invest $100 Mn In Rivigo Services

17Aug By RishabhNo Comments

FUNDING

SoftBank Group May Invest $100 Mn In Rivigo Services

After investing big in Flipkart, Paytm and Ola, SoftBank Group Corporation is looking to invest in another startup Rivigo Services, a transport logistics provider an amount of around $100 million as per the sources aware of the discussions. (more…)

Rivigo Will Add 100 More Cities For Faster Delivery of E-commerce

16Sep By Press Trust of IndiaNo Comments

News

Rivigo Will Add 100 More Cities For Faster Delivery of E-commerce

Logistics solutions provider Rivigo today announced adding 100 more cities for faster delivery of cargo using truck drivers relay mechanism. "Rivigo today announced a significant expansion of its part-truck load capability Rivigo Zoom by adding more than 100 cities to its pan India coverage. With the expansion, Rivigo services can now be availed of in most state capitals, major cities and industrial centres," the company said in a statement. It said combining technology and a unique driver?s relay mechanism, Rivigo provides precision deliveries at 50-70 per cent lesser transit times compared to conventional trucking companies. The expansion coincides with the company acquiring 1,200 trucks from Ashok Leyland to take its fleet size to 2,700 by the year end. "We are confi...

Logistics Company’s Could Save $200 Bn Annually Post GST

8Aug By AnkitaNo Comments

News

Logistics Company’s Could Save $200 Bn Annually Post GST

Logistics sector, which accounts for nearly 14 per cent of the GDP, could see savings to the tune of USD 200 billion annually on implementation of GST, which will ensure faster movement of goods and less idle hours, say experts. With the introduction of Goods and Services Tax, many taxation procedures will come down, nearly halving the cost of inventory as customers will not need to pile up stocks in different warehouses, say experts. "For a USD 2-3 trillion dollar economy, this could mean a potential of USD 200 billion wasteful inventory spent being available to deploy in productive value creation and further propelling the economy's growth," said Deepak Garg, founder of logistics firm Rivigo. Describing the passage of the GST bill in Rajya Sabha as a "positive reform", apex transpor...

Logistics Solutions Provider Rivigo Eyes on 3000 Truck Fleet

18May By PriyankaNo Comments

News

Logistics Solutions Provider Rivigo Eyes on 3000 Truck Fleet

Eyeing a larger market share, logistics solutions provider Rivigo is banking on drivers relay system for faster delivery of goods and is looking to take its trucking fleet to 3,000 this fiscal. The firm, which has a fleet of 800 trucks, claims that based on its innovative drivers relay system, truck loads are delivered to Chennai from Delhi in two days instead of conventional eight days. "Logistics is one of the largest industries -- more than USD 100-billion size -- and there is enough to do in this market... we started working on the Driver Relay Model wherein we change over the drivers after every few hundred kms... This improves the turnaround time and service levels," Rivigo CEO Deepak Garg said in a statement. Garg, who is an alumnus of IIT Kanpur and IIM Lucknow, is a f...