Logistics service provider ElasticRun is in talks with the corporate to raise $50m to $55m in a round that would value it at about $250m.
Media and e-commerce group Naspers has entered discussions to lead a round sized at up to $55m for India-based supply chain services provider ElasticRun, the Economic Times reported yesterday.
The company is looking to raise between $50m and $55m at a $250m valuation, according to multiple people aware of the matter.
ElasticRun provides logistics services to customers in industries such as food, consumer products, manufacturing and e-commerce, utilising spare space from a network of partners.
The system relies on surplus…
