Separator

JustDeliveries, an Intra-City Logistics Startup lifts $1 Million from Nabventures

Separator
A prominent provider of logistics solutions, JustDeliveries has lifted $1 million in a pre-Series A Funding round directed by Nabventures. The Funding round also saw a participation from various investors such as Anay Ventures, Caret Capital, Faad Network & Mahansaria Family Office.

Nabventures – Nabard, a subsidiary of the Government of India’s National Bank for Agriculture & Rural Development is a venture growth equity fund that makes investments in Agritech, Foodtech, Fintech, Healthtech, Edtech & Rural startups.

With these recent fundraise, the Mumbai-based startup JustDeliveries intends to strengthen its network of logistics across diverse regions such as Pune, Mumbai, Bengaluru & NCR. Also the Startup is projected to launch its operations in Hyderabad.

By the year 2028, JustDeliveries aims to expand its footprints to about 8 to 10 cities across India. The startup systematizes the perishables logistics for F&B – Food & beverages brands which includes cafe chains, quick-service restaurants, & those brands focused on fresh & frozen food.

Speaking to this, Mansi Mahansaria, Founder, JustDeliveries says, “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,”

Similarly, Vikas Bhatt, Managing Director, Nabventures states, “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,”