Softbank-backed ElasticRun trims loss
Mon, Oct 28, 2024 4:41 PM

Softbank-backed ElasticRun trims loss

A Flip by Shubhangi Gupta
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Business-to-business e-commerce platform ElasticRun cut its losses by about half in the financial year ended March 2024, as a shift in focus to regional brands improved margins. The Pune-based startup, which counts Softbank, Goldman Sachs, Prosus Ventures, Norwest Venture Partners, Kalaari Capital among its backers, Monday said its losses narrowed to Rs 350 crore in FY24.

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