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NTEx Transportation Services, trading as ElasticRun, runs a B2B eCommerce and logistics platform that serves rural kirana shops in India.
Founded in 2016 and based in Pune, India, NTEx Transportation Services Pvt Ltd, trading as ElasticRun, runs an asset-light logistics and distribution platform for small and deep rural areas of India. It works as an extended arm of FMCG companies' direct distribution networks through a B2B eCommerce platform for rural kirana shops. The company raised INR 5613.55 million in Series D funding in April 2021 and INR 22597.84 million in Series E funding in February 2022, co-led by SB Investment Advisers and Goldman Sachs Merchant Banking Division.
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