JustDeliveries, a key player in logistics solutions for perishables, has successfully raised $1 million in its pre-Series A funding round, with Nabventures leading the investment. Joining Nabventures in this round are Faad Network, Anay Ventures, Caret Capital, and Mahansaria Family Office.
The company, established in 2022 by Mahansaria, addresses the complexities of the fragmented cold supply chain for perishable goods and collaborates with renowned QSRs, café chains, and brands specializing in fresh and frozen products.
With the capital infusion, JustDeliveries aims to fortify its logistics network across multiple regions, including Bengaluru, Mumbai, Pune, and the national capital region. Additionally, the company is set to launch operations in Hyderabad, further expanding its footprint in the Indian market.
Over the next 3-4 years, JustDeliveries plans an ambitious expansion strategy to establish its presence in 8-10 cities across India, catering to the growing demand for efficient perishable logistics solutions.
Nabventures, a subsidiary of the Indian government’s National Bank for Agriculture and Rural Development (Nabard), specializes in investments within the agritech, food tech, rural fintech, health tech, and tech sectors. This investment aligns with Nabventures’ broader focus on supporting innovative ventures in the food and agricultural domain. It complements its existing portfolio, which includes notable names like Unnati, Jai Kisan, and TenderCuts.
