HSBC lowers ElasticRun’s valuation from $1.5 billion to $800 million. The Pune-based B2B e-commerce startup, previously a unicorn, sees its estimated worth reduced in the latest assessment. The adjustment reflects shifting market conditions or investor sentiment.
ElasticRun, a Kirana-focused e-commerce platform, reports revenue exceeding **₹3,800 crore (≈$430M)** in FY22, driven by operational efficiencies. The company secured **$300M in funding** from SoftBank late FY21, propelling its valuation into unicorn status. ElasticRun targets small retailers with digital-first supply chain solutions, leveraging its capital infusion to expand logistics and tech infrastructure.
ElasticRun secures $330 million in funding led by SoftBank and Goldman Sachs Asset Management. The B2B rural e-commerce platform expands its financial backing to scale operations. The round includes participation from other investors, though specifics remain undisclosed.
ElasticRun secures $330 million in funding led by SoftBank Vision Fund 2 and Goldman Sachs Asset Management. The investment propels the company into unicorn status, marking a significant milestone in its growth trajectory. ElasticRun operates in the logistics and supply chain optimization sector, though specific details about its use of funds were not disclosed in the announcement.
