What is ElasticRun?
Founded in 2016, ElasticRun operates as a comprehensive logistics and supply chain solutions provider. The company specializes in demand aggregation, logistics optimization, and real-time data analytics, enabling brands to enhance their rural footprint. ElasticRun's platform facilitates the efficient movement of goods and creates flexible earning opportunities for its partners across various categories, including consumer goods, e-commerce logistics, and essential supply chains. The company's focus on leveraging technology for operational efficiency and market expansion positions it as a key player in modernizing supply chain infrastructure.
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 Kalaari Capital, Prosus Ventures, and Avataar Ventures
Corporate Investment (2022): $300M backed by SoftBank Group
Key Investors in ElasticRun
Prosus Ventures
Prosus Ventures is a global consumer internet group and one of the largest technology investors in the world, focusing on high-growth sectors such as e-commerce, fintech, and edtech. They invest in companies that have the potential to transform industries and create significant value.
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.
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, SoftBank Group supports the development and scaling of transformative technologies worldwide.
What's next for ElasticRun?
The substantial enterprise-level funding indicates ElasticRun is poised for aggressive scaling and further technological development. This capital injection is expected to fuel expansion into new markets, enhance its platform capabilities, and potentially pursue strategic acquisitions. The company's trajectory suggests a move towards solidifying its position as a leader in rural logistics and supply chain optimization, likely preparing for future growth phases or market consolidation.
See full ElasticRun company page
