Support: +91-22-61011756 / help@projectstoday.com

ElasticRun raises USD 40 million led by Prosus Ventures

Wednesday, 30 Oct 2019
Share this on :
ElasticRun, a virtual logistics network, announced the closing of a USD 40 million fundraise led by Prosus Ventures, with participation from the  existing investor Avataar Ventures and Kalaari Capital.

The investment round will help the company expand its logistics network.

The company’s services are already available in over 200 Indian cities and built on its network of small convenience stores. It looks forward to extend this network to a million stores in near future.

The company will use the new funds to further build its technology platform to accommodate new product lines, expand the platform to additional categories and evolve its analytics and machine learning platforms to handle national scale.

 
Post Your Comments
 
 
   
 

 

 
  
Projects Explorer App

Data Explorer - Facade Search - ProjectsToday

Free Trial Access

Get Trial Access

REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

Username:

Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services