JustDeliveries funding is a major event in the Indian logistics sector. JustDeliveries is the first company to implement a comprehensive logistics solution for perishable goods. The company has just completed the pre-series A funding round, which resulted in a large investment of $1 million. The process was led by Nabventures, which also supported Faad Network, Anay Ventures, Caret Capital, and Mahansaria Family Office. JustDeliveries funding will support its further development and help it remain a leader in the tough logistics industry.
JustDeliveries was established in 2022 by Mahansaria, an industry visionary. Before founding the company in March 2022, Mahansaria gained experience working at the Tata Housing Development Company and IDFC. JustDeliveries It has rapidly established itself as a significant player in the perishable logistics segment by offering groundbreaking solutions to the problems connected with the cold supply chain. JustDeliveries focuses on collaborating with the top Quick Service Restaurants (QSR) and cafe chains, as well as fresh and frozen product brands. Delivering perishable goods across different regions has helped JustDeliveries develop a dependable and high-quality reputation.
India logistics startup funding is also gaining traction, and JustDeliveries’ journey is a case in point. With this financial infusion, the logistics network would be strengthened in its priority hubs, which include Bengaluru, Mumbai, Pune, and the national capital region, and an expansion into a new market in Hyderabad.
According to a statement in the next 3–4 years, JustDeliveries will expand its presence to 8-10 cities across India. The company curates perishables logistics for food and beverage (F&B) brands such as quick-service restaurants, coffeehouse chains, and brands focusing on fresh and frozen food.
“In the last two years, over 70 F&B companies have outsourced their logistics to JustDeliveries, thus benefiting from last-mile efficiencies and reliability of operations,” Mansi Mahansaria, founder of JustDeliveries, said.
JustDeliveries announced that the earnings from the pre-Series A will be utilized strategically to boost logistics infrastructure in key regions like Bengaluru, Mumbai, Pune, and the national capital region. JustDeliveries To increase its operating reach, the company plans to launch its services in Hyderabad.
Nabventures, the investment arm of the National Bank for Agriculture and Rural Development (Nabard), has been instrumental in driving investment in innovative startups operating in agritech, foodtech, rural fintech, healthtech, and ed-tech startups. JustDeliveries joins Nabventures’ esteemed portfolio alongside other notable names such as Unnati, Jai Kisan, and TenderCuts, reaffirming the investor’s commitment to fostering growth and innovation within the food and agricultural ecosystem. This relationship demonstrates Nabventures’ commitment to promoting innovation and growth in the continuously changing field of food and agricultural technology.
“India’s food wastage crisis can be significantly addressed with proper storage and distribution infrastructure. We are confident that through the partnership with JustDeliveries, we can help businesses prevent potential wastage of perishable commodities and, thus, help build a more sustainable and efficient food supply chain for India,” Vikas Bhatt, managing director of Nabventures said in the statement.
Mahansaria, Founder of JustDeliveries, expressed gratitude for the support of investors and emphasized the company’s dedication to delivering exceptional value to clients while upholding principles of sustainability and social responsibility. The funding milestone represents a significant step forward for JustDeliveries, enabling the company to scale its operations and drive positive change within the perishable logistics industry.
As JustDeliveries embarks on this new phase of growth and expansion, it remains committed to delivering excellence at every stage of the supply chain journey. With a clear vision and robust backing from investors, JustDeliveries is poised to redefine the standards of efficiency and reliability in perishable logistics, shaping the future of the industry and creating lasting value for all stakeholders.
Conclusion:
JustDeliveries’ successful funding round is a testament to the growing importance of cold chain logistics in India. The company’s innovative solutions are poised to revolutionize the way perishable goods are delivered, ensuring fresher food for consumers and a more sustainable food supply chain.
