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We Want To Positively Impact Lives Of 100,000 Truck Drivers By 2025: Rivigo
Rivigo is a technology-enabled logistics company that was founded in 2014 and has been disrupting the sector with its unique operational model and cutting-edge technology to consistently provide unparalleled delivery times
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Rivigo is a technology-enabled logistics company that was founded in 2014 and has been disrupting the sector with its unique operational model and cutting-edge technology to consistently provide unparalleled delivery times. This has been possible because of its innovative ‘driver relay' model which ensures that its delivery people, aptly referred to as our pilots, live a life of fulfillment, dignity and respect.
I started this company in 2014 and there have been a lot of milestones that we have achieved apart from deriving a lot of learnings. During our first year, we were largely dependent on e-commerce sectors. But over the last two years, we have expanded across various sectors such as cold chain, industrial, pharmaceutical, automobiles, etc. We are pretty much pan-India in terms of coverage.
I have been inspired by quite a few visionaries who have brought data and technology such as Jeff Bezos, who disrupted the retail industry (in the US) by using technology and processes to create Amazon. Logistics (like retail) is operationally intensive and now tech-driven. Besides him, people like Steve Jobs (Apple), Elon Musk (Tesla) have made a huge impact on me. I have already read Fred Smith’s (FedEx) story and that too was very inspiring.
The Indian logistics sector, which contributes around 13-14 per cent to the country’s GDP, is very inefficient as compared to China and other countries. But in the US, it accounts for 7-8 per cent of its GDP. The biggest difference between the two (US and India) is that in the US, there is a very high efficiency and very low cost of inventory.
Currently, we have a fleet of 2,100 vehicles which will be ramped up to 3,000 by the end of this financial year. Most of them are Ashok Leyland models.
It is the greatest innovation we have brought, which ensures pilots (read drivers) come back home every day thus spending less time away from their families, helping them lead a meaningful and well-balanced life. I think this model not only leads to a better life for the driver, but also faster delivery (of goods).
At present, India’s rank in the World Bank Logistics Index is 34 and Germany is number one. We want India to be the number one logistics nation in the world. For this, a whole lot of things need to be done, from technology to faster transportation, skilled manpower, trained pilots (read truck drivers), etc.