Funding round
ElasticRun Growth
Reported as "Growth Equity"
ElasticRun, which works in multi-channel fulfilment solutions in Pune, raised $40M in a Growth round announced on 30 Oct 2019, led by Prosus Ventures. 3 firms took part, 2 of them already investors. It is ElasticRun's fourth venture round on record; the one before was a Series B in Jan 2018.
$40M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
ElasticRun did not disclose a valuation in this round; its last disclosed one was $7.3M at the Seed (Jan 2016). It came 21 months after ElasticRun's Series B. It is 8.6% of the $463M ElasticRun has raised in the venture rounds on record. ElasticRun raised again 18 months later: a Series D round of $75M in Apr 2021, at $400M post-money.
ElasticRun's funding rounds
ElasticRun has 6 venture rounds on record. This one is highlighted.
- Seed 1 Jan 2016 $2.0M$7.3M post-money
- Series A 4 Apr 2017, led by Kalaari Capital and Norwest $7.0M
- Series B 1 Jan 2018 $8.5M
- Growth this round 30 Oct 2019, led by Prosus Ventures $40M
- Series D 28 Apr 2021, led by Avataar Venture Partners and Prosus Ventures $75M$400M post-money
- Series E 17 Feb 2022, led by SoftBank Vision Fund, Goldman Sachs Asset Management and Goldman Sachs $330M$1.50B post-money
Investors
Who put money in
Prosus Ventures led the round with 2 other firms. Avataar Venture Partners and Kalaari Capital had backed ElasticRun before.
Lead investor
- Prosus Ventures new investor
Also in the round
- backs 18 venture-backed companies existing investor
- backs 74 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Warehousing & Storage, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Warehousing & Storage | 13 Nov 2019 | undisclosed | not disclosed | not named |
| Tech Companies | 21 Oct 2019 | $145M | $300M | Insight Partners |
| Resorts | 1 Oct 2019 | $100M | $2.00B | Raycliff Capital |
| Tech Companies | 17 Oct 2019 | $56M | not disclosed | Upfront Ventures and H.I.G. Growth Partners |
| DeepRoute.ai Tech Companies | 7 Oct 2019 | $50M | not disclosed | Fosun RZ Capital |
| Ridesharing | 24 Oct 2019 | $50M | not disclosed | Cool Japan Fund |
| SHINE Technologies Medical Devices | 7 Oct 2019 | $50M | not disclosed | Oaktree Capital |
| Media Companies | 1 Oct 2019 | $50M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did ElasticRun raise in its Growth round?
ElasticRun raised $40M in its Growth round, announced in Oct 2019.
Who led ElasticRun's Growth round?
Prosus Ventures led it, with Avataar Venture Partners and Kalaari Capital.
What was ElasticRun's valuation at the Growth round?
It was not disclosed; its last disclosed one was $7.3M at the Seed (Jan 2016).
Did ElasticRun raise again after this round?
Yes: a Series D round in Apr 2021 of $75M at $400M post-money.