India’s ElasticRun raises $75 million to grow its commerce platform for neighborhood stores
https://techcrunch.com/2021/04/28/elasticrun-raises-75-million-to-grow-its-commerce-platform-for-neighborhood-stores-india/
A startup that is helping over 125,000 neighborhood stores in India secure working capital, inventory from top brands, and work with e-commerce firms to boost revenues said on Thursday it has raised a new financing round as it looks to further its reach in the world’s second largest internet market.
Pune-based ElasticRun said it has raised $75 million in its Series D financing round co-led by existing investors Avataar Ventures and Prosus Ventures. Existing investor Kalaari Capital also participated in the round, which takes the four-year-old startup’s to-date raise to $130.5 million.