StageSeries E | Alive
Last Raised$300M | 1 yr ago
ElasticRun offers a logistics and distribution platform that caters to industries across the board, including the pharmaceutical, online retail, food products, automotive, and hospitality sectors. The company's technology platform can build aggregated transportation capacity in tune with the requirements of its varied clientele. It eliminates fixed set-up costs by aggregating logistics resources across channels.
Missing: ElasticRun's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing: ElasticRun's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
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.
Expert 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
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
Retail Tech 100
The winners of the 2022 CB Insights Retail Tech 100, published March 2022.
Latest ElasticRun News
Apr 7, 2023
ElasticRun extends the reach of a brand's direct distribution network to deep rural markets 1x 1.5x The current funding winter has prompted start-ups to refocus on their core strategy and be selective on expansion. Business-to-business (B2B) start-up ElasticRun is one such firm, which has decided to focus on its core business and wind up expansion projects. The SoftBank and Prosus Venture-backed ElasticRun, which typically runs distribution for fast-moving consumer goods (FMCG) products in rural areas, decided to cater to retailers within city limits. These urban markets already have a robust infrastructure in place due to companies having direct distribution. The company had taken this bet nine months ago. However, it has been put off as this would mean higher cash burn and capex investment in order to take on the intense competition from rivals. Some cities where it has wound up include Bhopal, Indore and Delhi. As part of this foray, the company hired some warehouses as well as people to cater to the urban market. “We initiated a pilot for serving our customers in urban markets. But during the year, as the macro changed, we decided not to pursue the urban pilot and focus on our core rural business. Also Read Why are Indian start-ups facing such a severe funding winter? FMCG companies may see price hike-led revenue growth In July-September Gatik's driverless B2B delivery service gains pace in US and Canada Race for space: Funding for space start-ups skyrockets 61 per cent in 2022 Curefoods raises Rs 300 cr in round led by Binny Bansal's investment fund India Accelerator announces Dubai foray, will invest $20 mn in start-ups Nykaa expects BPC biz FY23 revenue growth rates 30%, Q4 performance robust How Souled Store is riding young India's swelling pop culture wave Global investors slash valuation of Indian unicorns amid funding winter As part of this restructuring, we have to part ways with almost 2 per cent of our employees,” said Sandeep Deshmukh, co-founder and chief executive officer (CEO), ElasticRun. ElasticRun extends the reach of a brand’s direct distribution network to deep rural markets. It enables access to new stores and customers for the brands. These were not accessible through traditional distribution networks. The urban segment foray is just about 1.2-1.5 per cent of the company. For ElasticRun, its maximum revenue comes from smaller or rural markets. “We have a deeply-entrenched B2B kirana business in rural markets. We have very strong partnerships with national and regional FMCG brands. This rural business has been growing at an extremely high pace over the last three years. FY23 has been a bumper year for us,” he added. According to data from Tofler, ElasticRun reported consolidated revenue of ~3,824.9 crore in FY22, a growth of 2.5 times from ~1,0871.1 crore in FY21. Since the company expanded its distribution networks pan Indian, its losses also burgeoned. For FY22, the company’s net loss came in at ~372.88 crore from the previous year’s ~101 crore. Owing to this roll back, ElasticRun had to lay off employees. Though the company absorbed over 40 per cent of the impacted employees, those who did not move to smaller towns were asked to go. “We are aggressively hiring in rural business. At an organisational level, we have been a net positive hirer for the past few quarters. We are one of the largest recruiters for Indian upcountry markets,” he added. Deshmukh said that the company, which has a total headcount of 3,000, will end the financial year with 3,300 employees. “Rural segment generates over 98 per cent of our overall business. This business continues to rapidly grow in different geographies,” shares Deshmukh. He also added that from a funding point, ElasticRun is perhaps among a handful of unicorns that are sitting on a strong bank balance. “We have raised $330 million last year. Most of this money is in the bank, unutilised. The company has an extremely strong cash position and we are very well-funded for a long journey,” he added. Some of the brands that ElasticRun works with include Marico, Godrej, Johnson & Johnson, ITC, Britannia and Reckitt Benckiser, among others. ElasticRun has presence in 26 states, reaching out to over 80,000 villages and has over 400 brands.
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 2nd Floor, Wonder Cars Arena Building, 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 , InnoVen Capital, Goldman Sachs, Chimera Investments and 6 more.
Who are ElasticRun's competitors?
Competitors of ElasticRun include Rivigo and 2 more.
Compare ElasticRun to Competitors
Shiprocket offers an automated shipping solution platform for e-commerce. The platform offers print shipping labels, track orders from a single panel, and process returns from an integrated dashboard. It helps brands focus on their core business rather than managing store orders and searching for reliable courier services. It was formerly known as Kartrocket. The company was founded in 2012 and is based in Gurugram, India.
OnTruck offers an on-demand logistics platform that connects businesses with road freight companies. The platform gives any company instant access to a freight delivery network to schedule shipments as needed.
Yimidida is an online less-than-container-load (LCL) logistics platform utilizing crowd sourcing tools.
Loadsmart offers a digital freight broker specializing in full truckload shipping. The company leverages data and machine learning to build artificial intelligence processes into the complex freight brokerage cycle, allowing shippers to book a truckload in seconds and provide instant and targeted loads to carriers. It was formerly known as Disruptive Logistics. The company was founded in 2014 and is based in Chicago, Illinois.
Diptab Ventures operates LetsTransport, a last-mile logistics provider that offers on-demand and customized attachment solutions for its clients; advance booking; GPS tracking; verified drivers and audited vehicles; transparent pricing; and point-to-point billing.
Next Trucking is an online trucking marketplace designed for shippers and truckers. Through its app, Next Trucking makes it easier for drivers to find and book loads.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.