About ElasticRun
ElasticRun is a company based in Pune (India) founded in 2014 by Sandeep Deshmukh, Saurabh Nigam, and Shitiz Bansal. ElasticRun has raised $461.5 million across 7 funding rounds from investors including Goldman Sachs, SoftBank Group and Naspers. The company has 1,928 employees.
- Headquarter Pune, India
- Employees 1,928
- Founders Sandeep Deshmukh, Saurabh Nigam, Shitiz Bansal
- Stage Unicorn
- SectorsRetailTechnology
- Email••••••••
- Phone•••• ••••
- Website elastic.run
- Social LinkedIn X Facebook Instagram
- Legal Name Ntex Transportation Services Private Limited
- Date of Incorporation 21 Mar, 2014
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹2,766 Cr
FY 2025 · +9% YoY
- Net Loss-₹145 Cr
FY 2025 · -5% margin
- EBITDA-₹111 Cr
FY 2025 · -4% margin
- Total Equity Funding$461.5M (USD)
in 7 rounds
- Latest Funding Round$330M (USD), Series E
Feb 2022
- InvestorsGoldman Sachs
& 25 more
- Employee Count1,928
Associated legal entities of ElasticRun
ElasticRun operates through Ntex Transportation Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ntex Transportation Services Private Limited CIN U63000PN2014PTC151094 | Active | 21 Mar 2014 | Pune, Maharashtra | ₹2,766 Cr | 1,928 | 6 | View details |
Funding Insights of ElasticRun
ElasticRun has successfully raised a total of $461.5M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $330 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $461.5M
- Total Rounds 7
- Last Round Series E — $330M
- First Round $202,981
(Jun 2015)
- Investors Count 26
All 7 funding rounds of ElasticRun with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2022 | $330M | Series E | $1.5B | SoftBank Vision Fund, SoftBank Group | |
| Apr 2021 | $75.63M | Series D | $422.75M | Avataar Ventures, Prosus | |
| Oct 2019 | $40M | Series C | $••••• | Prosus | |
| Aug 2018 | $8.48M | Series B | $••••• | Norwest Venture Partners, Kalaari Capital | – |
| Mar 2017 | $5.15M | Series A | $••••• | Kalaari Capital, Norwest Venture Partners | – |
| May 2016 | $2.05M | Seed | $••••• | Kalaari Capital, Norwest Venture Partners | – |
| Jun 2015 | $202,981 | Angel Round | $••••• | Shilpa A Kalaskar, Bharati Shende |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2022 | $1.5B | •••••••• |
| Apr 2021 | $422.75M | •••••••• |
| Oct 2019 | $••••• | •••••••• |
| Aug 2018 | $••••• | •••••••• |
| Mar 2017 | $••••• | •••••••• |
| May 2016 | $••••• | •••••••• |
| Jun 2015 | $••••• | •••••••• |
Full valuation and stage history of ElasticRun
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $1.5B (Feb 2022). 26 investors in total: 15 institutional and 11 angel.
Investors in ElasticRun
ElasticRun has secured backing from 26 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Goldman Sachs, SoftBank Group and Naspers.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology and startups. | 2016 | visionfund.com | London, United Kingdom | |
Tech companies are invested in by this venture capital firm. | 1997 | prosus.com | Amsterdam, Netherlands | |
A private investment firm focused on regional opportunities. | – | chimerainvestment.com | Abu Dhabi, United Arab Emirates | |
Venture debt financing is extended to companies across multiple sectors. | 2008 | innovencapital.com | Mumbai, India | |
Venture capital investments are directed toward companies across multiple sectors. | – | gablehorninvestments.tcc.mode | Singapore, Singapore | |
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Investment in growth-stage B2B and SaaS companies is facilitated through strategic support and funding. | 2003 | avataar.vc | Bengaluru, India | |
Investments in early-stage technology companies are made by Kalaari Capital. | – | kalaari.com | Bengaluru, India | |
Global investments in early and growth-stage tech firms are conducted. | 1915 | naspers.com | Cape Town, South Africa | |
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States |
Investor details for ElasticRun
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Ntex Transportation Services Private Limited (ElasticRun)
Ntex Transportation Services Private Limited is the primary company behind ElasticRun. The board of Ntex Transportation Services Private Limited currently have 6 directors; the longest-serving is Shitiz Bansal, appointed in 2016. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shitiz Bansal DIN 07454392 | Director | 01 Mar 2016 | 10 yrs 7 mo | Ntex Transportation Services Private Limited |
| Sandeep Shridharrao Deshmukh DIN 07136801 | Director | 01 Mar 2016 | 10 yrs 7 mo | Ntex Transportation Services Private Limited |
| Saurabh Kumar Nigam DIN 07454397 | Director | 01 Mar 2016 | 10 yrs 7 mo | Ntex Transportation Services Private Limited |
| Rajesh Raju DIN 01321632 | Director | 23 May 2016 | 10 yrs 4 mo | Ntex Transportation Services Private Limited |
| Narendra Rathi DIN 09193886 | Director | 15 Feb 2022 | 4 yrs 7 mo | Ntex Transportation Services Private Limited |
| Saurav Jain DIN 10593910 | Director | 25 Jul 2024 | 2 yrs 2 mo | Ntex Transportation Services Private Limited |
People of ElasticRun
4 people are tracked at ElasticRun (4 in leadership); the tracked headcount is 1,928.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & COO | Leadership | |
| Co-Founder & CTO | Leadership | |
Ajit Pendse | Director - Technology | Leadership |
Complete people profiles for ElasticRun
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ElasticRun
Figures of Ntex Transportation Services Private Limited, the primary company behind ElasticRun, for FY 2025. Revenue was ₹2,766 Cr (+9% year on year). Net loss was -₹145 Cr (-5% margin). EBITDA was -₹111 Cr (-4% margin). Revenue has grown at a compounded annual rate of -10% over three years and +40% over five years.
- ₹2,766 CrRevenue · FY 2025 · +9% YoY
- -₹145 CrNet loss · -5% margin
- -₹111 CrEBITDA · -4% margin
- ₹0.80 CrPaid-up capital
- 1,928Employees (provident fund records)
- -10%Revenue CAGR, 3 years
- +40%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ntex Transportation Services Private Limited are on its company page.
Detailed financial statements for ElasticRun
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of ElasticRun
5 dated milestones of ElasticRun across 8 years, from founding to its latest funding, stage changes and deals.
- Founded ElasticRun is founded.
- Funding First funding round of $203K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series E, of $330.0M.
- Milestone Reaches Unicorn status.
Web traffic of ElasticRun
The website of ElasticRun (elastic.run) receives about 15.1K visits a month.
- Monthly visits15.1K
▼ 16.7% vs previous month
Websites whose visitors overlap most with ElasticRun. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| entrackr.com | 100% | 753.1K | #77,013 | View details | |
| outlookbusiness.com | 75% | – | #118,679 | View details |
Latest news on Elasticrun
Complete news archive for ElasticRun
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to ElasticRun
10 companies that operate in the same segment as ElasticRun (Autonomous & In-Store Retail Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Point-of-sale financing is facilitated via an online platform for retailers. | 2016 | Los Angeles, California, United States | USD 158.63 M | – | 128 | |
App-based bookkeeping solutions are offered for small business management. | 2018 | Bengaluru, Karnataka, India | USD 186.62 M | USD 165.88 K | – | |
POS solutions are provided for retail businesses. | 2009 | San Francisco, California, United States | USD 519.75 M | – | – | |
Provider of cloud-based POS software solutions for businesses and service providers | 1999 | San Francisco, California, United States | USD 923 M | – | – | |
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 | |
Point-of-sale financing is enabled for installment purchases at partnered retailers. | 2016 | Minneapolis, Minnesota, United States | USD 17.51 M | USD 450.28 M | 408 | |
Loyalty management solutions are provided for offline retail stores. | 2012 | San Francisco, California, United States | USD 23.1 M | – | 23 | |
Mobile apps enable real-time retail data collection by field teams. | 2011 | Denver, Colorado, United States | USD 71 M | – | – | |
Unified platform for retail and supply chain planning is offered. | 2005 | Helsinki, Finland | USD 816.41 M | – | – |
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Frequently Asked Questions about ElasticRun
ElasticRun was founded in 2014 and raised its 1st funding round 1 year after it was founded.
ElasticRun is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Sandeep Deshmukh is the current CEO of ElasticRun. They have also founded this company.
ElasticRun is a funded company, having raised a total of $461.5M across 7 funding rounds to date. The company's 1st funding round was a Angel Round of $202.98K, raised on Jun 2015.
ElasticRun has 1,928 employees.
The primary company behind ElasticRun, Ntex Transportation Services Private Limited, reported revenue of ₹2,766 Cr for FY 2025, up 9% year on year.
ElasticRun was founded in 2014 in Pune, India, within the e-commerce and logistics sector. A platform is provided that connects brands directly with rural retailers to enable product distribution and sales. A logistics network is maintained to handle goods delivery across rural areas. Technology infrastructure is utilized for operational streamlining and management support for brands and retailers.
ElasticRun has 26 investors. Key investors include Goldman Sachs, SoftBank Group, Naspers, Prosus, and Norwest Venture Partners.
The valuation of ElasticRun is $1.5B as of Feb 2022.
ElasticRun operates through Ntex Transportation Services Private Limited.
The legal entities of ElasticRun currently have 6 directors, including Rajesh Raju, Shitiz Bansal, Narendra Rathi and others.