When was ElasticRun founded?

ElasticRun was founded in 2014 and became a unicorn in 2022, reaching the milestone in 8 years. It raised its 1st funding round 1 year after its incorporation.

Where is ElasticRun located?

ElasticRun is headquartered in Pune, India. It is registered at 2nd Floor, Wonder Cars Arena Building, Sr. No. 165, Near Kokane Chowk, Pimple S, audagar, Pune, Pune, Maharashtra, India, 411027.

Who is the current CEO of ElasticRun?

Sandeep Shridharrao Deshmukh of ElasticRun. They have also founded 1 company.

Which legal entities is ElasticRun associated with?

ElasticRun is associated with NTEX TRANSPORTATION SERVICES PRIVATE LIMITED.

How many employees does ElasticRun have?

As of Aug 31, 2025, the latest employee count at ElasticRun is 1557.

Is ElasticRun a funded company?

ElasticRun is a funded company, having raised a total of $462M across 7 funding rounds to date. The company's 1st funding round was a $203K Angel round, raised on Jun 10, 2015.

How much is ElasticRun worth?

The latest valuation of ElasticRun is $1.44B as of Feb 15, 2022.

When was the latest funding round of ElasticRun?

ElasticRun's latest funding was a $330M Series E round on Feb 07, 2022, with participation from 10 investors.

What is the annual revenue of ElasticRun?

Annual revenue of ElasticRun is more than ₹1,000 Cr as on Mar 31, 2025

Is ElasticRun a E-Commerce Enablers company?

The primary sectors of ElasticRun are E-Commerce Enablers, Rural Ecommerce, Brands Tech and Logistics Tech.

Where does ElasticRun rank among its competitors?

ElasticRun ranks 3rd amongst 1347 active competitors, of which 214 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Stord, which secured $250M in May, 2026.

Who are the top competitors of ElasticRun?

ElasticRun's top competitors include Shiprocket, Pickrr Services and Shippo. Among them, Stord secured the most recent funding round in May, 2026.

ElasticRun - 2026 Company Profile, Team, Funding, Competitors & Financials

Sectors and market segments that ElasticRun operate in

ElasticRun serves in the Retail, Transportation and Logistics Tech market segments.The primary business model of ElasticRun are:

Company Details

Platform offering rural B2B E-commerce and logistics. It streamlines fulfillment, supply chain, and commerce for brands, retailers, and rural Kirana stores. It also provides a comprehensive logistics network to support the delivery of goods.

Website: elastic.run
Social
Email ID: *****@elastic.run
Phone Number: +91 **********
Registered Address: 2nd Floor, Wonder Cars Arena Building, Sr. No. 165, Near Kokane Chowk, Pimple S, audagar, Pune, Pune, Maharashtra, India, 411027

Key Metrics

Founded Year

2014

Location

Pune, India

Stage

Series E

Total Funding

$462M in 7 rounds

Latest Funding Round

Series E, Feb 07, 2022, $330M

Post Money Valuation

$1.44B as on Feb 15, 2022

Investors

Kalaari Capital & 29 more

Ranked

3^rd among 1347 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

1,557 as on Aug 31, 2025

Similar Companies

Zippee & 40 more

View ElasticRun's full profile

ElasticRun is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NTEX TRANSPORTATION SERVICES PRIVATE LIMITED CIN: U63000PN2014PTC151094 , India, Active	Mar 21, 2014	₹1,000+ Cr (As on Mar 31, 2025)	1557 (As on Aug 01, 2025)

ElasticRun has raised a total funding of $462M over 7 rounds. Its first funding round was on Jun 10, 2015. Its latest funding round was a Series E round on Feb 07, 2022 for $330M. 10 investors participated in its latest round. ElasticRun has 16 institutional investors and 14 angel investors.

Here is the list of recent funding rounds of ElasticRun:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 07, 2022	$330M	Series E	$1.44B	2.3x	SoftBank Vision Fund, SoftBank Group, Goldman Sachs Investment Partners	Prosus, Chimera, Innoven Capital, Gabelhorn, Chimetech Holding, Gablehorn Investments, Goldman Sachs
Apr 28, 2021	$75.6M	Series D	$426M	2.0x	Avataar Ventures, Prosus, Naspers	Kalaari Capital, Schroders Capital
Oct 30, 2019	$40M	Series C	$165M	2.3x	Prosus	Kalaari Capital, Avataar Ventures

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View details of ElasticRun's funding rounds and investors

The founders of ElasticRun are Saurabh Kumar Nigam, Sandeep Shridharrao Deshmukh and Shitiz Bansal. Sandeep Shridharrao Deshmukh is the CEO of ElasticRun.

Here are the details of ElasticRun's key team members:

Saurabh Kumar Nigam: Co-Founder & COO of ElasticRun. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Sandeep Shridharrao Deshmukh: Co-Founder & CEO of ElasticRun. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Shitiz Bansal: Co-Founder CTO of ElasticRun. They serve on the board of 1 company.
Contact Info: 2 email addresses and 1 phone number

ElasticRun's Board of Directors

ElasticRun's board has 7 active members. Saurabh Kumar Nigam, Rajesh Raju, Sandeep Shridharrao Deshmukh, Shitiz Bansal and Narendra Rathi are part of team and Ashutosh Sharma and Saurav Chandan Jain are independent board members.

Here is the list of ElasticRun's board of directors:

Name	Type	Representing	Status	Duration
Saurabh Kumar Nigam	Team	-	Current	10y 6m
Sandeep Shridharrao Deshmukh	Team	-	Current	10y 6m
Narendra Rathi	Team	-	Current	4y 7m
Shitiz Bansal	Team	-	Past	10y 6m
Rajesh Raju	Investor	Kalaari Capital	Current	10y 4m
Ashutosh Sharma	Independent board member	-	Current	6y 11m
Saurav Chandan Jain	Independent board member	-	Current	2y 2m
Sujata Kishore Patil	Independent board member	-	Past	1y 10m
Roopali Bhupesh Patil	Independent board member	-	Past	2y 0m

View details of ElasticRun's Founder profiles and Board Members

ElasticRun's employee count trend

ElasticRun has 1,557 employees as of Aug 25. The total employee count is 34.0% more than what it was in Aug 24. Here is ElasticRun's employee count trend over the years:

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Top competitors of ElasticRun include Shiprocket, Pickrr Services and Shippo. Here is the list of Top 10 competitors of ElasticRun, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Shiprocket 2012, Delhi (India), Public	Provider of e-commerce shipping, fulfillment, marketing, and financial services	$322M	Temasek, Bertelsmann India Investments & 63 others	87/100
2nd	Pickrr Services 2015, Gurugram (India), Acquired	Provider of AI-based logistics management solutions	$16.4M	Ananta Capital, India Infoline & 24 others	78/100
3rd	ElasticRun 2014, Pune (India), Series E	Platform offering rural B2B E-commerce and logistics	$462M	Goldman Sachs, Goldman Sachs Investment Partners ... & 28 others	75/100
4th	Shippo 2013, San Francisco (United States), Series E	Provider of web-based shipping solution for e-commerce businesses	$154M	Bessemer Venture Partners, Union Square Ventures ... & 26 others	72/100
5th	Locus 2015, Milpitas (United States), Acquired	Provider of an AI-powered platform for optimizing logistics and delivery	$82.5M	GIC, Alpha Wave Global & 33 others	72/100
6th	Route 2018, Lehi (United States), Series C	Provider of post-purchase platform offering shipping protection, tracking, and issue resolution	$340M	Hanaco Ventures, Endeavor & 22 others	72/100
7th	Stord 2015, Atlanta (United States), Series F	Provider of cloud-based end-to-end logistics and supply chain management solutions	$777M	Kleiner Perkins, Bond Capital & 38 others	71/100
8th	AfterShip 2012, Singapore (Singapore), Series B	Provider of post-purchase platform for tracking, returns, and shipping solutions	$67M	Tiger Global Management, Business Switch & 3 others	71/100
9th	Ecom Express 2012, Gurugram (India), Acquired	Provider of end-to-end delivery services for e-commerce companies	$324M	Warburg Pincus, Partners Group & 51 others	70/100
10th	ShipBob 2014, Chicago (United States), Series E	Provider of e-commerce fulfillment solutions for direct-to-consumer brands	$333M	Bain Capital Ventures, SoftBank Vision Fund ... & 30 others	70/100