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ElasticRun is an asset-light, app-driven, logistics and distribution company.
Basic Information
ElasticRun is an aggregated variable capacity transportation network built using idle transportation and logistics capacities from large number of dispersed entrepreneurs. The company caters to industries across the board, including FMCG, food, manufacturing and e-commerce. Some of the offerings by ElasticRun are primary distribution, secondary distribution and last mile connectivity. In 2017, Norwest Venture Partners and Kalaari Capital led a $7-million round of funding to Pune-based NTex Transportation Services, which owns and operates logistics and distribution platform ElasticRun. In 2019, ElasticRun raised $40 million in a round led by Prosus Ventures, the venture arm of South African internet and media group Naspers.
Legal Name
:
NTEX Transportation Services Pvt. Ltd.
Headquarters
:
Pune, Maharashtra, India
Founding Date
:
2016
No. of Employees
:
1000+
Core Team
:
1.  
Sandeep Deshmukh
Co-Founder & CEO
2.  
Shitiz Bansal
Co-Founder & CTO
3.  
Saurabh Nigam
Co-Founder & COO
Funding

Total Funding

$432.0M

Investors
:
1.  
Prosus Ventures
2.  
Norwest Venture Partners
3.  
Naspers
4.  
Avataar Venture Partners.

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Detail Round Breakdown
Round 1
Round 2
Round 3
Round 4
Round 5
Round 6

$7M

Series Name
:
SERIES-A
Date
:
4th Apr 0217
Investors
:
1.  
Kalaari Capital
2.  
Norwest Venture Partners