ElasticRun: ElasticRun widens losses for FY23, revenue jumps by 25%

ElasticRun, the Ntex Transportation Services Limited-owned B2B unicorn, witnessed a 72% increase in losses for FY23, reaching Rs 618.82 crore. Simultaneously, the company experienced a substantial 25% growth in revenue, totaling Rs 4,754.86 crore. Notably, expenses surged by 40%, attributed to factors like freight, transportation, servicing costs, and depreciation in financial assets. Supported by investors [...]