Kirana commerce platform ElasticRun became a unicorn at the start of last month after scoring a mammoth $300 million funding round from Softbank. While the rural India facing firm has stayed below the radar and avoided too much media attention, the company’s numbers tell their own story, with the firm crossing Rs 1,000 crore in operating revenue in the fiscal ending March 2021.
ElasticRun’s revenue from operations jumped 2.14X to Rs 1,081 crore in FY21 from Rs 505 crore during FY20. The B2B e-commerce platform aggregates supply from over 400 FMCG brands and provides logistics and warehousing services to rural stores in over eighty thousand villages across 26 states in India.