India: E-commerce logistics startup ElasticRun raises $75m from existing investors Photo by Laurentiu Morariu on Unsplash April 30, 2021 ElasticRun, an India and Southeast Asia-focused e-commerce logistics startup, announced raising $75 million in its Series D funding round led by existing investors Avataar Ventures and Prosus Ventures. Existing investor Kalaari Capital also participated in the funding round that takes the total funding raised by ElasticRun to date to about $132 million. In 2019, the firm raised $40 million in its Series C round led by Prosus and Avataar. The startup, founded by Sandeep Deshmukh, Saurabh Nigam, and Shitiz Bansal in 2016, leverages the network of small convenience stores by enabling the store owners to gain increased revenue by handling last-mile deliveries.