Exclusive: Logistics tech startup ElasticRun bags fresh round of funding
Summary
ElasticRun, the logistics startup run by Ntex Transportation Services, raised about Rs 60 crore in a fresh funding round. Existing backers Norwest Venture Partners and Kalaari Capital co-led the investment. The company builds a technology platform for asset-light transportation and supply chain operations across e-commerce, pharma, food, and automotive clients. ElasticRun has been growing revenue quickly, but it is still operating in stealth mode without a public website. The funding underscores continued investor interest in tech-enabled logistics players that can scale capacity and reduce customer logistics costs.
Funding
Amount
$8.1M
Total raised
Date
October 5, 2018
Announcement date
Investors
Kalaari Capital, Norwest Venture Partners, InnoVen Capital
Lead investors
Company
https://elastic.run
Funded company
Classifications
industries
No industries detected
applications
E-Commerce & Retail
AskAI Classifications
Labels
SaaS
Supply Chain Software
Logistics Software
Linked Companies
ElasticRun
$500M to $1B