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ElasticRun secures $7M funding led by Norwest & Kalaari Capital

ElasticRun secures $7M funding led by Norwest & Kalaari Capital

Tuesday, April 4, 2017, 9:22 AM

Norwest Venture Partners and Kalaari Capital have led a $7-million round of funding in Pune-based NTex Transportation Services, which owns and operates logistics and distribution platform ElasticRun. The financing was completed in two tranches, with the first tranche of about $2 million coming through in April last year. Company will use the proceeds to further build its technology infrastructure, on-board talent and expand operations.
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