What is an ElasticRun company?
ElasticRun network helps eCommerce companies reach the customers in far flung rural areas through its crowdsourced logistics network. The rich transaction data generated on ElasticRun platform enables financial institutions to bring in a large number of rural stores as their SME customers.
ElasticRun is a B2B eCommerce platform for rural India Opening up newer possibilities for brands to make their products available to rural consumers. ElasticRun extends the reach of the brand's direct distribution networks to deep rural markets.07-Mar-2022
Why do you want to work with ElasticRun?
Exciting place to work Startup Environment. Fast Paced and challenging. No fixed job role.
Is ElasticRun a good company to work for? ElasticRun has an overall rating of 4.1 out of 5, based on over 225 reviews left anonymously by employees. 87% of employees would recommend working at ElasticRun to a friend and 84% have a positive outlook for the business.28-Jul-2022
Is ElasticRun a startup?
ElasticRun is the sixth startup to gain unicorn status in 2022. Last month, social commerce startup DealShare, HR tech startup Darwinbox raised fresh funds at over $1 billion valuation. The list also includes edtech startup LEAD, analytics solutions provider Fractal and Baby and mother care brand Mamaearth.08-Feb-2022
Kirana commerce platform ElasticRun became a unicorn at the start of last month after scoring a mammoth $300 million funding round from Softbank.03-Mar-2022
When was ElasticRun founded?
ElasticRun was founded by Sandeep Deshmukh, Shitiz Bansal and Saurabh Nigam in 2016. The company's existing investors include Prosus Ventures (formerly Naspers Ventures), Kalaari Capital and Avataar Ventures.17-Feb-2022
ElasticRun acts as a distribution arm of fast-moving consumer goods (FMCG) companies, reaching over 10 million Kirana stores in India through crowdsourced logistics networks which enables e-commerce access to over 100 million customers, according to its website.08-Feb-2022
What is the valuation of Udaan?
Udaan achieved a valuation of $3.1 billion during its last round of funding of $280 million in January 2021 from existing and new investors. According to industry sources, valuation of the latest round of fundraise will be derived at a future date either at the time of the IPO or during the pre-IPO rounds of funding.05-Jan-2022
Bengaluru: Business-to-business (B2B) e-commerce platform ElasticRun's revenue grew 2x to Rs 1,087 crore in FY21, financial details sourced from business intelligence platform Tofler showed. Its revenue was Rs 510 crore in FY20. Losses widened 10% to Rs 101 crore in FY21 from Rs 91 crore in the previous financial year.04-Mar-2022
Which company has bagged $10 mn funding to diversify content offerings?
Audio OTT platform Headfone secures $10M in Series B round Headfone currently offers content in Hindi. The new funds will be used to diversify content offerings across languages and to expand across genres, it said in a statement.19-Apr-2022
Sandeep Deshmukh
Who is the CEO of Udaan?
founder Vaibhav Gupta
Bengaluru: Vaibhav Gupta, CEO of business-to-business (B2B) ecommerce firm Udaan told ET on Wednesday that the company aims to launch its initial public offering (IPO) by May 2023.16-Feb-2022
Who invested in Udaan?
Udaan is funded by 22 investors. Microsoft and Arena Investors are the most recent investors.
Is udaan.com a good company to work for? udaan.com has an overall rating of 3.9 out of 5, based on over 901 reviews left anonymously by employees. 76% of employees would recommend working at udaan.com to a friend and 69% have a positive outlook for the business.25-Aug-2022
What went wrong with Udaan?
Last week, Udaan filed a complaint with the Competition Commission of India (CCI) against Parle Products, alleging that the company was "abusing its dominant position" by refusing to supply its products directly to the startup.06-Sept-2021
Udaan is the largest eB2B company in India with an 80 percent market share and over half a million products across 2,500 brands on its platform, Bernstein said in a report in February. Udaan makes money via logistics services and lending.14-Sept-2021
Why is udaan closed?
According to sources, Udaan has decided to go for layoff after weighing external market conditions and tough funding conditions. “The company may give a pink slip to more employees,” said the above-mentioned source.27-Jun-2022
Is udaan successful?
Udaan Revenue The five-year-old company saw its revenues successfully scale to over 21X, thereby becoming Rs 978 crore during FY20, which was around Rs 46.3 crore in FY19. Udaan witnessed its revenues grow 6X times to stand at Rs 5,919 crore in FY21, as per reports dated January 12, 2022.
What is an ElasticRun company?