JustDeliveries Secures Funding, Expands to New Cities

JustDeliveries, a leading cold-chain mid-mile logistics startup, announced on Monday that it has secured Rs 5.5 crore in a funding round co-led by VC Grid and NABVentures.

Other contributors to the round included LetsVenture, Anay Ventures, and FAAD Network. The startup plans to use the fresh capital to enhance its technology capabilities and expand into three new cities, including Lucknow and Chennai. Presently, JustDeliveries operates in Bangalore, Delhi, Hyderabad, Mumbai, and Pune. This funding round brings the total capital raised by the startup to USD 2 million (Rs 15.9 crore) and supports its aim to extend its geographic footprint to eight major hubs, meeting client demands for a pan-India distribution network.

Founder Mansi Mahansaria emphasized the need for a fundamental rethinking of logistics partnerships to solve gaps in the food and beverages industry. By integrating technology with a flexible asset network, JustDeliveries aims to scale with clients' needs while ensuring cost efficiency and reliability. The company aims to become net profitable and expand its services to three new cities by FY26. India's logistics market, valued at USD 200 billion, faces inefficiencies with 90% remaining unorganized. With the cold chain logistics sector expected to grow at a CAGR of 23.5% through 2030 driven by rising demand for perishable foods and pharmaceuticals, JustDeliveries addresses a critical gap with its tech-enabled model.

(With inputs from agencies.)