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ElasticRun

ElasticRun

ElasticRun is an asset-light, app-driven, logistics and distribution company.

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ElasticRun
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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
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2.  
Shitiz Bansal
Co-Founder & CTO
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3.  
Saurabh Nigam
Co-Founder & COO
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Funding

Total Funding

$432.0M

Investors
:
1.  
Prosus Ventures
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2.  
Avataar Venture Partners.
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3.  
Kalaari Capital
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4.  
Norwest 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
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2.  
Norwest Venture Partners
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Features

Inside the green jobs market; ElasticRun’s growth plan for FY25

Crorepati brands and quick commerce to propel ElasticRun’s growth in FY25

Prosus holds strong on IPO-bound Swiggy; appreciates stake in Meesho, ElasticRun and UrbanClap

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Frequently Asked Questions

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Features

Inside the green jobs market; ElasticRun’s growth plan for FY25

Crorepati brands and quick commerce to propel ElasticRun’s growth in FY25

Prosus holds strong on IPO-bound Swiggy; appreciates stake in Meesho, ElasticRun and UrbanClap

Logistics
Silicon Safepack logo

Silicon Safepack

Industrial packaging & logistics solutions Company in Kolkata, Jamshedpur and Pune.

BookMyPort logo

BookMyPort

Your Coastal Shipping Partner. Specializing in coastal shipping and port management across India.

BookMyCargo logo

BookMyCargo

BookMyCargo provides on-demand pick-up and delivery service with real time tracking and status update.

See more logistics companies
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Advertise with us
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