Last updated: Mar 27, 2024
- Brand NameElasticRun
- HeadquarterPune
- No. of Employees2777
- Industry
Logistics/Supply Chain
- Founded Year 2016
- Company StatusActive
- Highlights
- Total Funding₹3409 Cr
- Funding Rounds7
- FY 2022-23 Revenue₹4851 Cr
- FY 2022-23 Loss-₹618.82 Cr
About ElasticRun
ElasticRun provides a logistics and distribution platform designed to help businesses reach traditionally unserviced consumers. Its platform acts as an extended arm of FMCG companies’ direct distribution networks in the rural area to provide a set of net new customers to the FMCG companies. It has been helping eCommerce companies reach customers infar-flung areas through its network of rural Kiran.....view more
Business Model of ElasticRun
ElasticRun is a Kirana Commerce platform that aggregates supply from over 400 FMCG brands and provides logistics and warehousing services to rural stores in over eighty thousand villages across 26 states in India.
Key People/Management
Show allSS
Sandeep Shridharrao Deshmukh Co-Founder & CEO
SB
Shitiz BansalCo-Founder & CTO
SK
Saurabh Kumar NigamCo- Founder & COO
NR
Narendra RathiDirector
RR
Raju RajeshDirector
AS
Ashutosh SharmaDirector
Top Competitors
AP
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JU
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Latest News
- ElasticRun goes past Rs 3,800 Cr in revenue with improved economics in FY22Nov 14, 2022
- SoftBank-backed ElasticRun’s revenue doubles to Rs 1,087 crore in FY21Mar 4, 2022
- SoftBank-backed unicorn ElasticRun crosses Rs 1,000 Cr revenue in FY21Mar 3, 2022
- ElasticRun raises over $300 Mn led by SoftBank at $1.4 Bn valuationFeb 8, 2022
- ElasticRun raises $40 million from Prosus Ventures to expand logistics networkOct 30, 2019
- South Africa’s Naspers may lead $55 million round in logistics startup ElasticRunSep 2, 2019
- Sequoia Capital, others in talks to invest in ElasticRunMay 14, 2018