JustDeliveries, a startup specializing in cold chain solutions, has raised $1 million (approximately INR 8.3 crore) in a pre-Series A funding round. The funding was led by NABVENTURES Fund and saw participation from FAAD Network, Anay Ventures, Caret Capital, and the Mahansaria family office.
The startup plans to use the new funding to expand its logistics network in major cities such as Bangalore, Mumbai, Pune, and NCR, and to initiate operations in Hyderabad.
The funding will also act as a foundation for the startup’s growth strategy to expand to 8-10 Indian cities over the next 3-4 years, according to a statement from the company.
Founder Mansi Mahansaria stated, “Over the past 2 years, more than 70 F&B companies have entrusted their logistics to JustDeliveries, benefiting from our last-mile efficiencies and dependable operations. With a robust management team equipped with the right skills and passion, we are confident in our ability to lead the intracity logistics sector for perishables.”
Established in 2022 by Mansi Mahansaria, JustDeliveries asserts itself as a key player in organizing the logistics sector for F&B brands. The startup has quickly gained momentum in the industry by partnering with prominent QSRs, café chains, and brands specializing in fresh and frozen products.
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The startup asserts that it has devised a cold chain solution and formed partnerships with QSRs, café chains, and brands specializing in fresh and frozen products.
Recently, Ayekart, another provider of supply chain solutions focused on agriculture, secured $6.5 million (approximately INR 53 crore) in a Series A funding round. The funding aims to support its nationwide expansion and serve a broader customer base, including FPOs, food manufacturers, distributors, and retailers.
Additionally, supply chain management firm Rupyz raised $1.2 million (approximately INR 9.9 crore) in seed funding. The funding will be used to enhance its core technological capabilities, providing robust and scalable solutions to meet the changing needs of MSMEs.
According to a market study, the Indian supply chain management industry surpassed $3.4 billion in 2023 and is expected to grow at a CAGR of 11.1%, reaching a value of $6.4 billion by 2030.
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