Funding round
ElasticRun Series A
ElasticRun, which works in multi-channel fulfilment solutions in Pune, raised $7.0M in a Series A round announced on 4 Apr 2017, led by Kalaari Capital and Norwest. 2 firms took part. It is ElasticRun's second venture round on record; the one before was a Seed in Jan 2016.
$7.0M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
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 15 months after ElasticRun's Seed. It is 1.5% of the $463M ElasticRun has raised in the venture rounds on record. ElasticRun raised again 9 months later: a Series B round of $8.5M in Jan 2018. 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 1 Jan 2016 $2.0M$7.3M post-money
- Series A this round 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
Kalaari Capital and Norwest led the round.
Lead investors
- backs 74 venture-backed companies new investor
- Norwest backs 215 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series A rounds in Warehousing & Storage:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Warehousing & Storage | 1 Jan 2018 | $25M | not disclosed | not named |
| Warehousing & Storage | 21 Jul 2016 | $16M | not disclosed | Redpoint Ventures |
| Warehousing & Storage | 16 Jun 2016 | $4.0M | not disclosed | Hyde Park Venture Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did ElasticRun raise in its Series A round?
ElasticRun raised $7.0M in its Series A round, announced in Apr 2017.
Who led ElasticRun's Series A round?
Kalaari Capital and Norwest led it.
What was ElasticRun's valuation at the Series A 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 B round in Jan 2018 of $8.5M.