Hellow guys, Welcome to my website, and you are watching How ElasticRun Is Transforming India's Rural Retail - Startup Case Study. and this vIdeo is uploaded by Backstage with Millionaires at 2024-04-16T05:04:07-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | How ElasticRun Is Transforming India's Rural Retail - Startup Case Study |
| Video Uploader | Video From Backstage with Millionaires |
| Upload Date | This Video Uploaded At 16-04-2024 12:04:07 |
| Video Discription | 00:00 Intro 01:16 Understanding the Problem 03:29 How three co-founders met? 04:30 ElasticRun's Business Model 08:01 Move towards Profitability 10:06 Learnings ElasticRun, a unicorn startup, has emerged as a disruptive force in India's rural B2B commerce market. It addresses the longstanding challenge faced by millions of kirana store owners, who struggle to access products due to a broken rural distribution network. Traditional FMCG distribution systems are ineffective in rural areas due to low demand, high setup costs, and lack of delivery infrastructure. The founders of ElasticRun—Sandeep, Shitiz, and Saurabh—recognized this opportunity to bridge the gap in rural distribution. Leveraging their understanding of the problem and their experience in logistics, they embarked on a mission to revolutionize last-mile delivery in rural India. ElasticRun's innovative solution involves leveraging existing resources efficiently through technology. They partner with local retailers to use their space as mini-warehouses, reducing real estate costs. By collaborating with local logistics companies on an on-demand basis, they optimize delivery resources without the burden of maintaining a dedicated fleet. This network of micro-distributors enables ElasticRun to reach over 600,000 kirana stores across 120,000 villages, providing a convenient and economical solution for retailers. Unlike competitors like Udaan and JioMart, ElasticRun does not seek to replace traditional FMCG-distributor partnerships. Instead, they complement existing supply chains, extending the reach of FMCG companies to underserved areas. While Udaan and JioMart focus on larger cities, ElasticRun penetrates deep into rural markets where infrastructure is lacking. ElasticRun's sustainable business model is evidenced by its financial performance. Despite operating in challenging rural environments, ElasticRun outperforms competitors in revenue and profitability. Their move towards sustainability includes diversifying services, leveraging data insights, and offering credit to kirana store owners with a zero-credit policy. The case study of ElasticRun offers valuable insights for future entrepreneurs. By tackling complex problems and building a strong moat around their business, ElasticRun demonstrates the power of innovation and perseverance in creating lasting impact and competitive advantage. Connect with us: Twitter: https://twitter.com/bwmillionaires/ Instagram: https://www.instagram.com/backstagewithmillionaires/ Podcast: https://open.spotify.com/show/5rGPalovc6AKsfbOyjh32p #entrepreneur #startup #elasticrun |
| Category | People & Blogs |
| Tags | elastic run | retail | india | business | startup |
