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Rivigo /

Rivigo was a new entrant in the trucking business in India. They believed that a new paradigm in the trucking/logistics industry could be brought about that would not only improve the quality of service dramatically, but also upgrade a truck driver's lifestyle. While the industry faced driver s...

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Bibliographic Details
Main Authors: Raghuram, G., active 1996 (Author), Sanghani, Pooja (Author)
Format: eBook
Language:English
Published: London : Indian Institute of Management, Ahmedabad, 2017.
Series:SAGE Knowledge. Cases.
Subjects:
Rivigo > Case studies.
New business enterprises > India > Case studies.
Trucking > India > Case studies.
Truck drivers > India > Case studies.
Strategic planning > Case studies.
Nouvelles entreprises > Inde > Études de cas.
Camionnage > Inde > Études de cas.
Camionneurs > Inde > Études de cas.
Planification stratégique > Études de cas.
New business enterprises
Strategic planning
Truck drivers
Trucking
India
Electronic books.
Case studies
Case studies.
Études de cas.
Online Access:Connect to the full text of this electronic book
Description
Summary:Rivigo was a new entrant in the trucking business in India. They believed that a new paradigm in the trucking/logistics industry could be brought about that would not only improve the quality of service dramatically, but also upgrade a truck driver's lifestyle. While the industry faced driver shortage largely due to long stays away from home, Rivigo hoped to attract drivers by offering them roles which would bring them back home in 24 hours. Drivers would be part of a relay, handing over the truck at pit stops. Further, they leveraged an IT-enabled IoT platform on a fleet of owned trucks. All this revolutionized most of the traditions then followed in the industry. The entrepreneur and his core team comprised professionals from premium institutes of the country, with experience in professional organizations in related domains. By offering services like assured delivery at half the time and full shipment visibility, Rivigo was able to charge a premium for the services and get acceptance from clients. The business model was able to attract significant funding from angel investors, debt funds, private equity investors and banks. The case raises the question of sustainability in the context of a USD 75 million minor equity stake by a private equity firm.
Item Description:Originally Published InRaghuram, G. & Sanghani, P. (2017). Rivigo. Ahmedabad, IN: Indian Institute of Management, Ahmedabad.
Physical Description:1 online resource : illustrations.
ISBN:9781526488657
1526488655