ElasticRun

ElasticRun is an aggregated variable capacity transportation network built using idle transportation and logistics capacities from large number of dispersed entrepreneurs.

ElasticRun is addressing key challenges faced by the Indian transportation industry around high demand variability and high fixed setup costs.

ElasticRun was founded in 2014 by Sandeep Deshmukh, Shitiz Bansal, & Saurabh Nigam. The company is headquartered in Pune, Maharashtra, India.

ElasticRun customers have instant access to the highly scalable national distribution network, eliminating time to market for new products. It helps them address the challenges of high demand variability and high fixed costs.

ElasticRun technology platform can build aggregated transportation capacity precisely in tune with the variations in demand. It eliminates fixed set up costs by aggregating resources across channels.

 

ElasticRun technology platform can build aggregated transportation capacity precisely in tune with the variations in demand. It eliminates fixed set up costs by aggregating resources across channels.

 

ElasticRun is backed by Prosus Ventures (formerly Naspers Ventures), Avataar Ventures, Kalaari Capital and others. The company raised $40M from a "Series C" financing on Oct 30, 2019. This brings ElasticRun's total funding to $57.1M to date.

 

 

  • Year founded: 2014
  • Funding Info: $57.1M over 4 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: NA
  • City/Town: Pune
  • State: Maharashtra
  • Country: India
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