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Vaibhav Babruwan Shingde

Student • 1y

Let's Cover one Undiscovered Unicorn 🦄 • ElasticRun is a B2B ecommerce platform that focuses on connecting FMCG and grocery brands with rural markets in India. • Founded in 2016 by Sandeep Deshmukh, Saurabh Nigam, and Shitiz Bansal. Funding and Captable : • The platform has raised over $434 million across several funding rounds, with significant investments from SoftBank Vision Fund 2, Goldman Sachs Asset Management, Prosus Ventures, and others at the valuation of 1.5 Billion Dollar. Purpose And Mission : • The company operates in more than 300 cities, partnering with over 125,000 retail outlets to facilitate the distribution of goods from over 100 brands, including major FMCG players like HUL, P&G, ITC, Marico, Britannia, Colgate, Nivea, Patanjali, and Dabur. • ElasticRun also collaborates with e-commerce companies and financial institutions to extend their reach and services to rural areas, leveraging its logistics network and data analytics capabilities. Remaining in Com

37 replies23 likes

Replies (37)

Anonymous 5

Hey I am on Medial • 1y

This is nice. Digitalising an industry Good post btw

1 replies3 likes

Havish Gupta

Inactive for a week ... • 1y

$400 million is just crazy.

1 replies3 likes

Anonymous 3

Hey I am on Medial • 1y

Awesome 🙌

1 replies3 likes

Anonymous 4

Hey I am on Medial • 1y

What exactly do they do?

1 replies2 likes

Kishan Kabra

Founder & CEO • 1y

Yes I know, I was one of the supplier from my area to elasticrun.

1 replies2 likes

Anonymous 2

Hey I am on Medial • 1y

Damn these are some real cash earning underrated startups!!

1 replies2 likes

Anonymous 1

Hey I am on Medial • 1y

Very informative💯💯

1 replies2 likes

Armaan Nath

Startups | Product • 1y

Thanks to backstage with millionaires!

1 replies1 like

GHOST Not DEVIL

Hey I am on Medial • 1y

It's a extremely assum startup but half of of india is aware of this type of internet service and to attract them we need to have more unique business strategies

1 replies1 like

Vaibhav Babruwan Shingde

Student • 1y

Future Expansion: • The company's growth and expansion plans include increasing its kirana store customer base from 500,000 to one million stores in the next 12 months. ElasticRun's approach is collaborative, aiming to complement existing distribution channels rather than disrupt them, thereby expanding the market for consumer goods in rural areas. I hope like you guys !

0 replies1 like

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