Pune logistics startup ElasticRun raises $40 million

Pune-based logistics startup ElasticRun has raised $40 million in Series C funding round led by Prosus Ventures (formerly Naspers Ventures). Existing investors Avataar Venture Partners and Kalaari Capital also participated in the round. The company has so far raised over $57 million, as per Crunchbase. ElasticRun was founded by Sandeep Deshmukh, Saurabh Nigam and Shitiz Bansal.