JustDeliveries Raises $1 Million from NABVENTURES Fund, FAAD Network, and Other Investors

• ByStartupStory     |    March 26, 2024

JustDeliveries, a prominent provider of logistics solutions for perishables, has secured $1 million in a pre-Series A funding round from a consortium of investors. Leading the investment is NABVENTURES Fund, with significant participation from distinguished backers such as FAAD Network, Anay Ventures, Caret Capital, and the Mahansaria Family Office.

With this infusion of capital, the company aims to bolster its logistics networks across pivotal cities including Bangalore, Mumbai, Pune, and the NCR, while also launching operations in Hyderabad. Over the next 3-4 years, JustDeliveries plans to expand its footprint to encompass 8-10 cities throughout India, addressing the critical necessity for reliable and efficient cold chain logistics solutions.

Dr. Dinesh Singh, Co-Founder and Director of FAAD Network, expressed, “Currently, there is a lot of opportunities when it comes to developing last-mile solutions for perishable goods. We decided to invest in JustDeliveries to improve their efficiency-delivery cycle, which will benefit the sector at large. In this way, we want to contribute to the development of innovative and sustainable solutions to plug the gap in the sector.”

Vikas Bhatt, Managing Director of NABVENTURES, articulated, “The lack of proper storage and distribution infrastructure significantly contributes to the food wastage problem in India. By partnering with JustDeliveries, we believe we can empower businesses to effectively reduce wastage of perishable commodities, leading to a more sustainable and efficient food supply chain across India.”

Mansi Mahansaria, Founder of JustDeliveries, highlighted, “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 March 2022 by Mansi Mahansaria, JustDeliveries has been instrumental in organizing the logistics sector for F&B brands and has rapidly gained traction within the industry by collaborating with leading QSRs, café chains, and brands with fresh and frozen products.

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