Archive · 7 Dec 2025
ElasticRun CEO Sandeep Deshmukh builds $400M logistics disruptor
Sandeep Deshmukh started ElasticRun in 2016 to make logistics easier and cheaper for brands.
He had worked in different places like Infosys, DHL, and Apple, which helped him understand the problems in logistics.
He and his friends started the company in his small apartment in Pune.
They worked hard to make their idea work and got money from investors like SoftBank and Goldman Sachs.
Now, ElasticRun helps move goods in over 500 cities every day.
They make a lot of money, but they also spend a lot, so they are still trying to make a profit.
Sandeep Deshmukh founded ElasticRun in 2016 to create a flexible logistics platform.
The company started in Deshmukh's two-bedroom apartment in Pune with a small team.
ElasticRun has raised over $400 million from investors including SoftBank and Goldman Sachs.
In FY25, the company's revenue grew 9% to Rs 2,653 crore, with losses narrowing to Rs 145 crore.
The platform now operates in over 500 cities, managing over 4 million daily shipments.
- Who
- Sandeep Deshmukh, co-founder and CEO of ElasticRun
- What
- Built a logistics and transportation platform
- When
- Founded in 2016, significant growth in FY25
- Where
- Started in Pune, India, now operates in over 500 cities
- Why
- To create a flexible, cost-effective logistics platform for brands
- Founder
- Sandeep Deshmukh
- Company
- ElasticRun
- Founding Year
- 2016
- Key Investors
- SoftBank, Goldman Sachs, Kalaari Capital, Norwest, Naspers Ventures
- Revenue (FY25)
- Rs 2,653 crore
- Losses (FY25)
- Rs 145 crore
- Daily Shipments
- Over 4 million