ElasticRun is scaling up regional brands and its quick commerce business to shore up its revenue, with the focus on operational profitability by October 2024.
ElasticRun offers B2B distribution and logistics to kirana stores and runs its own third-party logistics service while partnering with delivery personnel.
The firm reported losses reduced by 42% to INR354.62 crore ($47m) on a standalone basis and revenue from operations decreased by nearly 48.6% for FY24.