The startup aims to use the fresh infusion for deepening its logistics networks across key cities including Bangalore, Mumbai, Pune, NCR, and launch operations in Hyderabad
This funding will also serve as the base for its growth plans to expand across 8-10 cities across India over the next 3-4 years, the startup said in an official statement
The startup claims to have developed a cold chain solution and partnered with QSRs, cafe chains, and brands specialising in fresh and frozen products
Cold chain solutions startup JustDeliveries has secured $1 Mn (around INR 8.3 Cr) in a pre-Series A funding round led by NABVENTURES Fund, with participation from FAAD Network, Anay Ventures, Caret Capital and Mahansaria family office.
The startup will use the fresh capital for deepening its logistics networks across key cities including Bangalore, Mumbai, Pune and NCR as well as to launch operations in Hyderabad.
This funding will also serve as the base for its growth plans to expand across 8-10 Indian cities over the next 3-4 years, the startup said in a statement.
Founder Mansi Mahansaria said, “In the last 2 years, 70+ F&B companies have outsourced their logistics to JustDeliveries, thus benefiting from last-mile efficiencies and reliability of operations. JustDeliveries has a strong key management team, bringing relevant skill sets and passion; we are confident of leading the intracity logistics space for perishables.”
Founded in 2022 by Mahansaria, JustDeliveries claims to be organising the logistics sector for F&B brands and has rapidly gained traction within the industry by working with leading QSRs, café chains, and brands with fresh and frozen products.
The startup claims to have developed a cold chain solution and partnered with QSRs, cafe chains and brands specialising in fresh and frozen products.
Recently, another agriculture-focussed supply chain solutions provider Ayekart raised $6.5 Mn (INR 53 Cr) in a Series A funding round to expand its operations nationwide and cater to a larger customer base of FPOs, food manufacturers, distributors, and retailers.
Also, supply chain management company Rupyz, raised $1.2 Mn (INR 9.9 Cr) as a part of its seed funding to strengthen its core technological offerings, ensuring robust and scalable solutions that cater to the evolving needs of the MSMEs.
According to a market study, the Indian supply chain management industry was estimated to have crossed $3.4K Mn in 2023, and is projected to grow at a CAGR of 11.1% reaching a value of $6.4K Mn by 2030.
