Indian kirana commerce startup ElasticRun raises USD 75 million from existing backers

Pune-based ElasticRun that connects FMCG (fast-moving consumer goods) and e-commerce companies with mom-and-pop stores in India’s rural areas, has raised USD 75 million in a round co-led by existing investors Avataar Ventures and Prosus Ventures. The funding round which saw participation from Kalaari Capital, has bumped up the valuation of the four-year-old startup to USD 400 million. Prior to this…
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