BMR, Cyril Amarchand on 500 crore Warburg Pincus investment in Rivigo Services

Warburg Pincus has invested around Rs. 500 crore in surface transport logistics provider Rivigo Services, in one of the largest equity financing rounds raised by an Indian startup this year..According to TOI, Rivigo had last year racked up $30 million in its series B round led by its early investor SAIF Partners..DealWarburg Pincus invests in Rivigo ServicesValueAround 500 crore ($75 million)Deal TypePrivate EquitySectorLogisticsLaw FirmsBMR Legal – Rivigo, SAIF Partners; Cyril Amarchand Mangaldas – Warburg Pincus;Partners/HeadsBMR Legal – Amit Khansaheb; Cyril Amarchand Mangaldas – Reeba Chacko, Nivedita Tiwari; SAIF Partners – Ramanuj Gopalan (GC).BMR Legal advised Rivigo and SAIF Partners and the team was led by Partner Amit Khansaheb, along with Principal Rishi Jain, Managing Associate Abhishek Dubey and Senior Associate Karn Gupta..SAIF Partners was also represented by an in-house team led by General Counsel Ramanuj Gopalan..Cyril Amarchand Mangaldas acted for Warburg Pincus; the team was led by Partners Reeba Chacko and Nivedita Tiwari, along with Senior Associates Suvojit Halder and Dhruv Chatterjee and Associate Aditya Dayal..This is the third time in the recent past Warburg has invested in India’s logistics sector, having previously invested in Stellar Value Chain and Ecom Express.