ElasticRun funding, investors and company details

ElasticRun is an emerging E-Commerce startup from Pune, working in the space of B2B e-commerce. Founded by Saurabh Nigam, Sandeep Deshmukh, Shitiz Bansal, Arindam Ray, Awanish Anshu.

Company: NTex Transportation Services Pvt Ltd
Sector: E-Commerce
Location: Pune
Founders: Saurabh Nigam, Sandeep Deshmukh, Shitiz Bansal, Arindam Ray, Awanish Anshu
Total funding raised: ₹2,491.17 Cr

Company overview

ElasticRun (operated by NTex Transportation Services Pvt Ltd) is a Pune-headquartered B2B e-commerce and logistics unicorn founded in 2016 by Sandeep Deshmukh, Shitiz Bansal, and Saurabh Nigam.ElasticRun builds India's largest integrated logistics platform connecting 400+ FMCG brands to 10M+ rural kirana stores across 80K+ villages via asset-light networks—offering B2B e-commerce, warehousing (900+ facilities), AI-powered fulfillment (SwiftER/UnifiER), and SaaS (Libera).It serves e-commerce players with 1.5M+ daily shipments, achieving ₹4,755 Cr revenue in FY23 via crowd-sourced delivery networks without owning vehicles/warehouses.ElasticRun aims to unlock India's $600B rural consumption market by building deep-reach logistics infrastructure—empowering local entrepreneurs as micro-fulfillment centers and enabling brands to penetrate underserved villages efficiently.

Funding rounds

Latest round (Series E): $ 330.00 Mn (₹2,491.17 Cr.), 2022-02-18. Investors: SoftBank, Goldman Sachs Asset Management