PE Fund Investments
E-commerce startup ElasticRun raises $300-M from SoftBank, Goldman Sachs, others
SoftBank Vision Fund 2 has led a USD 300 million investment in Pune-headquartered ElasticRun. Goldman Sachs and existing investor Prosus Ventures also participated in the Series E round, which values it at USD 1.5 Billion, making it a Unicorn. ElasticRun helps neighbourhood stores across smaller cities and towns secure inventory from top brands and working capital. It collaborates with e-commerce firms and other big brands to help these stores boost their revenues. The e-commerce firms and brands, in turn, gain access to a large market that has historically proven difficult to penetrate.
From the Venture Intelligence PE-VC Deal Database: Between May-16 and Apr-21, ElasticRun raised $130.6 M from Schroder Adveq, Avataar Venture Partners, Prosus Ventures, Kalaari Capital, and Norwest. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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