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. See more

Legal Name

:

NTEX Transportation Services Pvt. Ltd.

Headquarters

:

Pune, Maharashtra, India

Founding Date

:

2014

No. of Employees

:

501 to 1000

Core Team

:
1.

Sandeep Deshmukh

Co-Founder & CEO

2.

Shitiz Bansal

Co-Founder & CTO

3.

Saurabh Nigam

Co-Founder & COO

Funding

Total Funding

$57.1M

Investors

:

1.

Prosus Ventures

2.

Norwest Venture Partners

3.

Innoven capital

See More