According to four people familiar with the matter, SoftBank Vision Fund 2 and Goldman Sachs are in talks to support the Indian retail startup ElasticRun. The proposed Series E funding round, which is roughly $ 200 million in size, values Elastic Run at over $ 1 billion, the sources said, calling for anonymity as deliberations are ongoing and private.
The Pune-based ElasticRun helps with this Hundreds of thousands of convenience stores in India Gain working capital, inventory from top brands, and partner with ecommerce companies to increase sales. The five-year-old startup, which Prosus Ventures and Avataar Ventures has among its existing supporters, raised $ 130.5 million prior to the new round.
Sandeep Deshmukh, co-founder and CEO of ElasticRun, speaks about the startup at a business conference in 2019.
Elastic Run and SoftBank did not immediately respond to a request for comment.
