What is ElasticRun?
Founded in 2016, ElasticRun operates as a comprehensive logistics optimization and demand aggregation platform. The company empowers brands to enhance their reach into rural markets by providing efficient movement of goods and creating flexible earning opportunities for its partners. ElasticRun's services encompass real-time data analytics, supply chain management, and e-commerce logistics, serving diverse categories including consumer goods and essential supply chains. The company's approach is designed to streamline operations and improve market penetration for its clients.
How much funding has ElasticRun raised?
ElasticRun has raised a total of $428.4M across 5 funding rounds:
Series A
$5M
Series B
$8.4M
Series C
$40M
Series D
$75M
Corporate Investment
$300M
Series A (2017): $5M, investors not publicly disclosed
Series B (2018): $8.4M led by Kalaari Capital and Norwest Venture Partners
Series C (2019): $40M supported by Prosus Ventures
Series D (2021): $75M featuring Prosus Ventures, Kalaari Capital, and Avataar Ventures
Corporate Investment (2022): $300M backed by SoftBank Group
Key Investors in ElasticRun
SoftBank Group
SoftBank Group Corp. is a global technology holding company driving innovation across telecommunications, internet services, artificial intelligence, smart robotics, IoT, and clean energy technologies. Through its diverse portfolio of companies and strategic investments, including leading semiconductor IP providers, SoftBank Group supports the development and scaling of transformative technologies worldwide.
Kalaari Capital
Kalaari Capital is a venture capital firm focused on investing in early-stage technology companies in India. The firm aims to support startups across various sectors, including FMCG, eCommerce, and SaaS, by providing capital and strategic guidance.
Avataar Ventures
Avataar Venture Partners is a growth-stage fund that partners with high-growth B2B and SaaS companies, providing strategic capital and operational expertise to help them scale and become IPO-ready.
What's next for ElasticRun?
The recent major strategic investment in ElasticRun signals a phase of accelerated growth and potential market consolidation. With significant capital at its disposal, the company is poised to further invest in its technology infrastructure, expand its operational footprint, and potentially explore strategic partnerships or acquisitions. This funding round is indicative of ElasticRun's strong market position and its potential to further disrupt the logistics and supply chain industry, particularly in underserved rural markets.
See full ElasticRun company page
