Prosus Ventures has reinvested in the commerce services provider through a round valuing it at $400m.
Prosus, the internet group formed by media conglomerate Naspers, has co-led a $75m series D round for India-based consumer product distribution network ElasticRun, the Economic Times reported yesterday.
The round was co-led by Prosus fund Prosus Ventures and growth equity fund Avataar Ventures. It valued the company at $400m and included venture capital firm Kalaari Capital as well as asset manager Schroder Adveq.
Founded in 2016, ElasticRun connects consumer brands and e-commerce companies to a network of local convenience stores…
