JustDeliveries secures $1 million in funding, led by Nabventures, to expand its perishable logistics solutions network across India.
JustDeliveries, a provider of logistics solutions for perishables, has successfully raised $1 million in its pre-Series A funding round, with Nabventures leading the investment. Faad Network, Anay Ventures, Caret Capital, and Mahansaria Family Office have also participated in the funding round.
The company plans to utilise the funds to strengthen its logistics network in key regions such as Bengaluru, Mumbai, Pune, and the National Capital Region (NCR). Additionally, it aims to launch operations in Hyderabad, further expanding its footprint. Over the next 3-4 years, JustDeliveries aims to extend its presence to 8-10 cities across India.
Founded in 2022 by Mahansaria, JustDeliveries addresses the challenges of fragmented cold supply chains for perishable goods and collaborates with leading Quick Service Restaurants (QSRs), café chains, and brands dealing with fresh and frozen products.
Nabventures, a subsidiary of the National Bank for Agriculture and Rural Development (Nabard), invests in startups operating in agritech, foodtech, rural fintech, healthtech, and edtech sectors. Notable investments by Nabventures in the food and agricultural domain include Unnati, Jai Kisan, and TenderCuts.
