ElasticRun, a B2B e-commerce startup that supplies goods to kiranas, has raised $300 million in its Series E funding round at a $1.5 billion valuation from investors such as SoftBank and Goldman Sachs, it said in a regulatory filing.
Existing investor Prosus Ventures also took part in the round, the startup said.
ElasticRun will use the capital to expand and grow its operations. It may close the Series E round with a much higher capital infusion if it receives any more interest till March 21, when the subscription ends, according to its filing.