- Name of the Company: JustDeliveries
- Industry: Logistics, focusing on perishable goods
- Funding Amount: $1 million in a pre-Series A funding round
- Funding Date: NA
- Dilution Percentage: NA
- Date of Inception: NA
- Details about the Founder: Founded by Mansi Mahansaria, JustDeliveries specializes in providing logistics solutions for perishable goods, with a focus on intra-city logistics and cold storage.
Company Overview: JustDeliveries, a Mumbai-based startup founded by Mansi Mahansaria, specializes in providing logistics solutions for perishable goods. With a focus on intra-city logistics and cold storage, JustDeliveries offers tech-enabled solutions for F&B brands, including quick-service restaurants, cafe chains, and businesses dealing in fresh and frozen food.
Funding Details: JustDeliveries has secured $1 million in a pre-Series A funding round led by Nabventures, with participation from Faad Network, Caret Capital, Anay Ventures, and Mahansaria Family Office. J.R. Laddha Financial Services Pvt. Ltd. advised the company and acted as an exclusive advisor to the deal.
Utilization of Funds: The funding will be used to deepen JustDeliveries’ logistics network in key regions such as Bengaluru, Mumbai, Pune, and the national capital region. Additionally, the startup plans to launch operations in Hyderabad, further expanding its reach and services.
Founder’s Vision: Mansi Mahansaria expressed that over 70 F&B companies have already benefited from JustDeliveries’ logistics services, citing improved last-mile efficiencies and operational reliability.
Investor Perspective: Vikas Bhatt, Managing Director of Nabventures, highlighted the food wastage problem in India due to the lack of proper storage and distribution infrastructure. By partnering with JustDeliveries, Nabventures aims to empower businesses to reduce wastage and create a more sustainable food supply chain in India.
Future Plans: JustDeliveries aims to extend its presence to 8-10 cities across India by 2028, focusing on small movements of perishable items with frequent replenishments. The startup provides a range of services, including cold storage, warehousing, inventory management, and a shared logistics network, catering to the needs of the restaurant and retail distribution sectors.
About Nabventures: Nabventures, a venture growth equity fund and subsidiary of the National Bank for Agriculture and Rural Development (Nabard), invests in agritech, foodtech, healthtech, rural fintech, and edtech startups. Nabventures has previously backed startups such as Unnati, Jai Kisan, and TenderCuts, focusing on promoting innovation in the food and agricultural space.