HomeStartupsHSBC estimates B2B ecommerce unicorn Elastic Run valuation at $800 million

HSBC estimates B2B ecommerce unicorn Elastic Run valuation at $800 million

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HSBC, in a research note dated May 21, nearly halved the valuation estimate for B2B company Elastic Run, pushing its valuation below the $1-billion ‘unicorn’ mark. The startup, backed by SoftBank and Prosus, was last valued at $1.5 billion in 2022.

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