JustDeliveries, a provider of logistics solutions for perishables, has raised $1 million in a pre-Series A funding round led by Nabventures. Other investors including Faad Network, Anay Ventures, Caret Capital and Mahansaria Family Office also participated in the round.
Nabventures, a subsidiary of the Indian government’s National Bank for Agriculture and Rural Development (Nabard), is a venture growth equity fund that invests in agritech, foodtech, rural fintech, healthtech and edtech startups.
With the latest investment in place, Mumbai-based JustDeliveries said it aims to deepen its logistics network across regions including Bengaluru, Mumbai, Pune and the national capital region. It will also launch operations in Hyderabad.
By 2028, JustDeliveries plans to extend its presence to 8-10 cities across India, as per a statement. The company organises perishables’ logistics for food and beverages (F&B) brands that include quick-service restaurants, cafe chains and those specialising in fresh and frozen food.
“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,” Mansi Mahansaria, founder of JustDeliveries, said.
Prior to founding the company in March 2022, Mahansaria worked at Tata Housing Development Company and IDFC.
“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,” Vikas Bhatt, managing director of Nabventures, said in the statement.
Nabventures’ other investments include Unnati, Jai Kisan and TenderCuts in the food and agricultural space.
