Tech Company Financing Transactions
ElasticRun Funding Round
ElasticRun, based in Pune Maharashtra, secured $75 million from Avatar Growth Capital Partners, Prosus Ventures and Kalaari Capital.
Transaction Overview
Company Name
Announced On
4/29/2021
Transaction Type
Venture Equity
Amount
$75,000,000
Round
Series D
Investors
Avatar Growth Capital Partners (Lead Investor)
Prosus Ventures (Lead Investor)
Kalaari Capital (Raju Rajesh)
Proceeds Purpose
The funds will help expand the company's reach in rural markets
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
2nd floor Wonder Cars Arena Building Sr. No. 165 Near Kokane
Pune Maharashtra, 411027
India
Pune Maharashtra, 411027
India
Phone
Undisclosed
Website
Email Address
Overview
ElasticRun extends the reach of brand's direct distribution networks to deep rural markets. It enables access to a set of net new stores and customers for the brands, which were not accessible through the traditional distribution networks. ElasticRun network helps eCommerce companies reach the customers in far flung rural areas through its crowdsourced logistics network.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sandeep Deshmukh
Chief Financial Officer
Pankaj Roongta
Chief Operating Officer
Saurabh Nigam
Chief Technical Officer
Shitiz Bansal
Vice President
Ekta Kulkarni
VP - Engineering
Sachin Mane
VP - Engineering
Nikhil Sharma
VP - General Counsel
Meghmala Sharma
VP - Operations
Rahul Bhatia
VP - Operations
Hitesh Luthra
VP - Operations
Karthik M
VP - Operations
Mukesh Mittal
VP - Operations
Brijesh Warrier
VP - Product Management
Sudhir Patil
VP - Sales
Manish Dubey
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