India: Warburg-backed Rivigo's revenues rise 170%, losses widen to $21m

Image sourced from Rivigo website

Logistics start-up Rivigo Services Pvt. Ltd’s annual loss widened to Rs137.1 crore in the year ended 31 March from a little over Rs5 crore in the previous year, according to company filings sourced from Tofler.

Revenue rose 170% to Rs401.8 crore in 2016-17, from Rs148.6 crore in the previous year. Total expenditure more than tripled to Rs525.3 crore.

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