Friday, 24 March, 2023

Indian commerce firm, ElasticRun becomes seventh unicorn this year

<p>ElasticRun, a logistics and commerce startup, raises $300M in funding from SoftBank and Goldman Sachs, bringing its total valuation to $1.5B. The company helps hundreds of thousands of neighborhood stores across Indian cities and towns secure inventory from top brands and working capital. Its platform enables analytics as well as delivery to small towns. The deal makes ElasticRun 2022&#39;s seventh Indian unicorn, a term for startups valued at a billion dollars or more.</p>