ElasticRun joined the Unicorn Club on February 07, 2022 after raising a $330 million Series E funding round, reaching a $1.44 billion valuation. Headquartered in Pune, Maharashtra, India, ElasticRun provides a platform that streamlines rural B2B e-commerce, logistics, and fulfillment for brands, retailers, and Kirana stores.
The platform leverages a large logistics network to improve supply chain efficiency and delivery for goods across rural markets.
Keep reading to learn how ElasticRun became a $1.44 billion leader in rural e-commerce and logistics.
What Is ElasticRun and What Does It Do?
Founded in 2014, ElasticRun is a rural B2B e-commerce and logistics platform connecting brands, retailers, and rural stores. The platform streamlines supply chain, fulfillment, and commerce operations to increase efficiency and expand market reach.
ElasticRun’s network supports last-mile delivery, inventory management, and distribution across rural India, helping brands and retailers scale operations while providing retailers with reliable access to goods.
How Much Funding Has ElasticRun Raised?
1. Series E Round
- Amount Raised: $330 million
- Date: February 2022
- Valuation: $1.44 billion
- Lead Investors: SoftBank Vision Fund, SoftBank Group, Goldman Sachs Investment Partners
- Purpose: Expand logistics network, scale rural e-commerce operations, and strengthen technology infrastructure
2. Earlier Rounds (Seed to Series D)
- Cumulative Funding: Approximately $132 million
- Key Investors: Naspers, Goldman Sachs Investment Partners, and other early investors
- Purpose: Build rural logistics platform, grow retailer and brand network, and scale operations
Total Funding Raised: $462 million Latest Funding Date: February 2022 Latest Known Valuation: $1.44 billion
Key Investors
- SoftBank Vision Fund
- Details: Global growth investment fund supporting technology companies
- Focus Areas: Internet platforms, e-commerce, logistics, and high growth startups
- SoftBank Group
- Details: Multinational investment and technology firm backing scalable platforms
- Focus Areas: Technology, e-commerce, fintech, and logistics solutions
- Goldman Sachs Investment Partners
- Details: Investment division of Goldman Sachs investing in growth stage companies
- Focus Areas: Technology, e-commerce, and enterprise platforms
- Naspers
- Details: Global internet and technology investor focused on emerging markets
- Focus Areas: Digital commerce, fintech, and technology enabled marketplaces
Where Is ElasticRun’s Headquarters?
ElasticRun is headquartered in Pune, Maharashtra, India, serving as the hub for its technology, logistics, and operations teams supporting rural B2B e-commerce.
What’s Next for ElasticRun?
ElasticRun plans to expand its rural logistics and B2B e-commerce network, integrate advanced technology for supply chain optimization, and onboard more retailers and brands. The company aims to strengthen last-mile delivery, increase market penetration, and enhance operational efficiency across rural India.
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