ElasticRun
Founded Year
2016Stage
Series E | AliveTotal Raised
$432.11MValuation
$0000Last Raised
$300M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-21 points in the past 30 days
About ElasticRun
ElasticRun is a business-to-business (B2B) e-commerce platform focused on connecting brands and services. The company facilitates the distribution of fast-moving consumer goods (FMCG) and grocery products through a network of small stores and enables business-to-consumer (B2C) e-commerce companies to reach rural customers with its logistics network. ElasticRun assists banking institutions in extending financial services to rural consumers by leveraging technology, data, and artificial intelligence (AI) for supply and demand aggregation. It was founded in 2016 and is based in Pune, India.
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Research containing ElasticRun
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned ElasticRun in 1 CB Insights research brief, most recently on Mar 15, 2022.
Mar 15, 2022 report
The Retail Tech 100: The top retail tech companies of 2022Expert Collections containing ElasticRun
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
ElasticRun is included in 3 Expert Collections, including Supply Chain & Logistics Tech.
Supply Chain & Logistics Tech
4,042 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
1,244 items
Retail Tech 100
100 items
The most promising B2B tech startups transforming the retail industry.
Latest ElasticRun News
Jul 26, 2024
Mumbai, 26th July 2024: ElasticRun, a leading B2B e-commerce platform, is pleased to announce the appointment of Ankit Gadia as Chief Financial Officer. As a key member of the top management team, he will play a crucial role in shaping the business vision and providing long-term strategic direction for the company. Ankit Gadia’s role will be instrumental in solidifying ElasticRun’s position as the go-to partner for major players in the B2B e-commerce sector, particularly aiming to expand rural consumption and achieve dominance. He will spearhead the development of innovative business strategies, fostering a culture of profitability throughout the organization. He will be working closely with ElasticRun’s co-founders and senior leadership to serve as the company’s face to investors, external partners, and government bodies, to bring this vision to life. This focus on strategic partnerships and financial discipline will drive performance across ElasticRun’s key business areas. Sandeep Deshmukh, Co-Founder & CEO of ElasticRun, expressing enthusiasm about Ankit Gadia’s appointment, said, “We are super excited to welcome Ankit onboard. He brings a unique perspective from his experience of running a large listed Indian business. Ankit’s personal beliefs and values align perfectly with the ElasticRun ethos and culture. I am certain he will help propel ElasticRun in the next trajectory of growth and profitability.” Commenting on his new role, Ankit Gadia, CFO of ElasticRun, said, “I am excited to join ElasticRun at this stage of its growth trajectory. I am sure with ElasticRun’s commitment to innovation and excellence; we can build a great organization together. I am looking forward to co-creating a profitable, sustainable, and scalable business. A Chartered Accountant by profession, Ankit Gadia brings over 15 years of experience in finance leadership roles across domestic and global markets, particularly within the FMCG and pharmaceutical industries. He has held significant positions at renowned organizations such as PwC and Hindustan Unilever Limited. Most recently, he served as the Head of Finance – India at Cipla Ltd. He has also led finance operations for emerging markets and Europe, managing business and operations across more than 80 countries since 2019.
ElasticRun Frequently Asked Questions (FAQ)
When was ElasticRun founded?
ElasticRun was founded in 2016.
Where is ElasticRun's headquarters?
ElasticRun's headquarters is located at Sr. No. 165, Near Kokane Chowk, Pimple Saudagar, Pune.
What is ElasticRun's latest funding round?
ElasticRun's latest funding round is Series E.
How much did ElasticRun raise?
ElasticRun raised a total of $432.11M.
Who are the investors of ElasticRun?
Investors of ElasticRun include Prosus Ventures, SoftBank, Chimera Investments, InnoVen Capital, Goldman Sachs and 6 more.
Who are ElasticRun's competitors?
Competitors of ElasticRun include Rivigo and 2 more.
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Compare ElasticRun to Competitors
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