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B2B ecommerce firm ElasticRun narrows losses by 42% in FY24; revenue drops 49%Though CEO Sandeep Deshmukh said the B2B ecommerce firm’s shift of focus to high-margin regional brands has paid off at the net profit leve...- In-depth: How startups are pruning costs as funding continues to plummetIn January, Indian startups raised only $1.38 billion in venture funding, nearly 70% lower than in the same period of 2022, reflecting the ...
- Udaan fires 180-200 staff, 5% of its workforce, to cut costsA company spokesperson confirmed the development to ET without disclosing the number of employees it had fired.
- India saw 14 new unicorns in Jan-June; up from 13 year-on-year: TracxnIndia ranks third in overall unicorns created, with the United States in first position, followed by China, Tracxn added.
- SoftBank-backed ElasticRun’s revenue doubles to Rs 1,087 crore in FY21The company, which sells FMCG products to kirana (corner) stores, said it was in “the process of expansion of the distribution network pan-...
- ETtech Deals Digest: Uniphore, ElasticRun, Pine Labs raise fundsArtificial intelligence platform Uniphore, business-to-business (B2B) ecommerce firm ElasticRun and digital payments and financial service ...
- ElasticRun raises $330 mn led by SoftBank, Prosus Ventures, Goldman SachsThe company has tripled its valuation from $400 million to $1.5 billion after the funding round, cofounder and CEO Sandeep Deshmukh told ET.
- China ‘concerned’ about India’s app bans; Flipkart tests 45-min grocery deliveryDays after India conducted its fifth round of Chinese app bans since June 2020, blocking access to 54 apps, China has said it has serious c...
- ETtech Deals Digest: Polygon, ElasticRun, Livspace raise fundsSecondary scaling solution Polygon, kirana-focused business-to-business ecommerce firm ElasticRun and Omnichannel home interiors platform L...
- SoftBank-led funding more than triples ElasticRun’s valuation to $1.5 billionStarted in 2016 by former Amazon executives Sandeep Deshmukh, Shitiz Bansal and Saurabh Nigam, ElasticRun enables small kiranas across the ...
- FMCG distributors may extend non-cooperation deadline as talks with companies in progressThe All India Consumer Products Distributors Federation (AICPDF), a body that represents dealers and distributors, is in negotiation with s...
- ETtech Deals Digest: Urban Company, ElasticRun raise funds this weekOn-demand home service provider Urban Company and corner-stores commerce platform ElasticRun were among the startups that raise funds this ...
- ElasticRun raises $75 million led by existing investorsThe latest round values the company at $400 million post-money and will help expand its reach further into rural markets
- ElasticRun raises $40 million from Prosus Ventures, Avataar, othersElasticRun will invest freshly raised capital to further build its technology platform, expand categories, and expand its network coverage ...
- Avataar Venture Partners to invest $300 million in B2B and SaaS companiesAvataar Venture Partners will typically put in $10-$30 million in its portfolio companies, aiming to make about 10 investments from its mai...
- South Africa’s Naspers may lead $55 million round in logistics startup ElasticRunPost funding, the valuation of firm may touch $250 million.
- IIM-A completes placements for the MBA class of 2019The students of the thirteenth batch of PGPX have prior work experience ranging from 5 to 17 years.
- InnoVen Capital enters the New Year on a high note, records 28% y-o-y growthIn a recently released year-ending performance report by the firm, the findings highlighted that an investment of over Rs 600 crore had bee...
- Sequoia Capital, others in talks to invest in ElasticRunThe company aggregates the transportation, logistics and real estate resources that are at the bottom of the supply chain, and aggregates t...
- Norwest, Kalaari Capital lead $7 million funding round in ElasticRunThe year-old startup will use the proceeds to further build its technology infrastructure, on-board talent and expand operations.
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