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 as of April 04, 2024.
- Headquarter Pune, India
- Employees 1928 as on 04 Apr, 2024
- Founders Sandeep Deshmukh, Saurabh Nigam, Shitiz Bansal
- Stage Unicorn
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Sectors
RetailTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ntex Transportation Services Private Limited
- Date of Incorporation 21 Mar, 2014
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$583.27 M (USD)0as on Mar 31, 2023
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Net Profit
$-74.4 M (USD)0as on Mar 31, 2023
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EBITDA
$-79.76 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$461.5 M (USD)
in 7 rounds
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Latest Funding Round
$330 M (USD), Series E
Feb 07, 2022
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Investors
Goldman Sachs
& 25 more
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Employee Count
1928
as on Apr 04, 2024
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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 Total Funding
- Total Rounds 7
- Last Round Series E — $330.0M
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First Round
First Round
(10 Jun 2015)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series E - ElasticRun | Valuation | SoftBank Vision Fund , SoftBank Group | |
| Apr, 2021 | Amount | Series D - ElasticRun | Valuation | Avataar Ventures , Prosus | |
| Oct, 2019 | Amount | Series C - ElasticRun | Valuation | Prosus |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Tech companies are invested in by this venture capital firm.
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Founded Year | Domain | Location | |
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A private investment firm focused on regional opportunities.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ElasticRun
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ElasticRun
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Elasticrun Comparisons
Competitors of ElasticRun
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Elasticrun
Frequently Asked Questions about ElasticRun
When was ElasticRun founded?
ElasticRun was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is ElasticRun located?
ElasticRun is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of ElasticRun?
Sandeep Deshmukh is the current CEO of ElasticRun. They have also founded this company.
Is ElasticRun a funded 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 Series C of $40M, raised on Jun 10, 2015.
How many employees does ElasticRun have?
As of Apr 04, 2024, the latest employee count at ElasticRun is 1,928.
What is the annual revenue of ElasticRun?
Annual revenue of ElasticRun is $583.27M as on Mar 31, 2023.
What does ElasticRun do?
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.
Who are ElasticRun's investors?
ElasticRun has 26 investors. Key investors include Goldman Sachs, SoftBank Group, Naspers, Prosus, and Norwest Venture Partners.
What is ElasticRun's valuation?
The valuation of ElasticRun is $1.5B as of Feb 2022.