JustDeliveries Raises Rs 5.5 Crore in Funding Round
• JustDeliveries secured Rs 5.5 crore in a funding round.
• Other investors include LetsVenture, Anay Ventures, and FAAD Network.
• Total capital raised now stands at USD 2 million (approximately Rs 15.9 crore).
Cold-chain mid-mile logistics venture JustDeliveries revealed on Monday that it has raised Rs 5.5 crore in a funding round co-led by venture capital firms Grid and NABVentures.
LetsVenture, Anay Ventures, and FAAD Network, among others, were other contributors to this funding round.
The funds thus raised will be used to improve the technological capabilities of the company and expand its operations to three new cities, namely Lucknow and Chennai. JustDeliveries currently operates in Bangalore, Delhi, Hyderabad, Mumbai, and Pune.
With this new funding, the company has raised a total of USD 2 million (around Rs 15.9 crore) so far. The move into three more cities will increase its geographic footprint to eight key centers, addressing client needs for countrywide distribution.
"To tackle the issues in the food and drinks industry, we need something more than infrastructure; we need a complete overhaul of logistics alliances. Through the combination of technology with an elastic asset pool, we have created a platform that expands based on our customers' requirements while guaranteeing cost-effectiveness and dependability," said Mansi Mahansaria, JustDeliveries Founder.
"This investment enables us to strengthen our technology stack , become net profitable, and expand our services to three new cities by FY26," she further added.
As per the company, of India's USD 200 billion logistics industry, about 90% of the operations are unorganized and prone to inefficiencies. With India's cold chain logistics market projected to grow at a CAGR of 23.5% by 2030, fueled by rising demand for perishable products and pharmaceuticals, JustDeliveries' technology-based model fills a large infrastructure gap.
• Other investors include LetsVenture, Anay Ventures, and FAAD Network.
• Total capital raised now stands at USD 2 million (approximately Rs 15.9 crore).
Cold-chain mid-mile logistics venture JustDeliveries revealed on Monday that it has raised Rs 5.5 crore in a funding round co-led by venture capital firms Grid and NABVentures.
LetsVenture, Anay Ventures, and FAAD Network, among others, were other contributors to this funding round.
The funds thus raised will be used to improve the technological capabilities of the company and expand its operations to three new cities, namely Lucknow and Chennai. JustDeliveries currently operates in Bangalore, Delhi, Hyderabad, Mumbai, and Pune.
With this new funding, the company has raised a total of USD 2 million (around Rs 15.9 crore) so far. The move into three more cities will increase its geographic footprint to eight key centers, addressing client needs for countrywide distribution.
"To tackle the issues in the food and drinks industry, we need something more than infrastructure; we need a complete overhaul of logistics alliances. Through the combination of technology with an elastic asset pool, we have created a platform that expands based on our customers' requirements while guaranteeing cost-effectiveness and dependability," said Mansi Mahansaria, JustDeliveries Founder.
"This investment enables us to strengthen our technology stack , become net profitable, and expand our services to three new cities by FY26," she further added.
As per the company, of India's USD 200 billion logistics industry, about 90% of the operations are unorganized and prone to inefficiencies. With India's cold chain logistics market projected to grow at a CAGR of 23.5% by 2030, fueled by rising demand for perishable products and pharmaceuticals, JustDeliveries' technology-based model fills a large infrastructure gap.
.jpg "Mentza : Redefining Career Readiness through AI-Driven Skill Assessments & Mentoring")
