Funding round
ElasticRun Seed
ElasticRun, which works in multi-channel fulfilment solutions in Pune, raised $2.0M in a Seed round announced on 1 Jan 2016, at a $7.3M post-money valuation. 2 firms took part. It is ElasticRun's first venture round on record.
$2.0M
Amount raised
$7.3M
Post-money valuation
$5.3M pre-money
2
Investors
no lead named
28%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ElasticRun at $7.3M after the new money. The $2.0M bought investors about 28% of the company. It is ElasticRun's first venture round on record, in the year it was founded (2016). It is under 1% of the $463M ElasticRun has raised in the venture rounds on record. ElasticRun raised again 15 months later: a Series A round of $7.0M in Apr 2017. Its next priced round, a Series D in Apr 2021, valued it at $400M.
ElasticRun's funding rounds
ElasticRun has 6 venture rounds on record. This one is highlighted.
- Seed this round 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 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
2 firms took part; no lead investor was named.
Investors
- backs 74 venture-backed companies new investor
- Norwest backs 215 venture-backed companies new investor
Joined the board: Raju Rajesh (Kalaari Capital).
Comparable rounds
How it compares
5 Seed rounds in Warehousing & Storage within a year either side disclosed an amount; the median was $1.0M, and this round was 2.0 times the median. The closest in time, other companies' Seed rounds in Warehousing & Storage:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Warehousing & Storage | 12 Nov 2015 | $4.4M | not disclosed | Second Avenue Partners and SV Angel |
| Warehousing & Storage | 7 Oct 2015 | undisclosed | not disclosed | not named |
| Warehousing & Storage | 1 Sep 2015 | $2.4M | not disclosed | not named |
| Warehousing & Storage | 7 Sep 2015 | $205K | not disclosed | not named |
| Warehousing & Storage | 29 Apr 2015 | $1.0M | not disclosed | not named |
| Warehousing & Storage | 4 Oct 2016 | $325K | not disclosed | Tech Wildcatters and Deep Space Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did ElasticRun raise in its Seed round?
ElasticRun raised $2.0M in its Seed round, announced in Jan 2016.
Which investors took part in ElasticRun's Seed round?
Kalaari Capital and Norwest.
What was ElasticRun's valuation at the Seed round?
$7.3M post-money ($5.3M pre-money).
How does it compare with other Seed rounds in Warehousing & Storage?
5 Seed rounds in Warehousing & Storage within a year either side disclosed an amount; the median was $1.0M, and this round was 2.0 times the median.
Did ElasticRun raise again after this round?
Yes: a Series A round in Apr 2017 of $7.0M.