JustDeliveries raises $1 Mn in pre-Series A round

Logistics solutions for perishables JustDeliveries has raised $1 million in its pre-Series A round led by Nabventures. Faad Network, Anay Ventures, Caret Capital and Mahansaria Family Office have also participated in the round.

The proceeds will be used to deepen its logistics network across regions including Bengaluru, Mumbai, Pune and the national capital region, the company said in a press release. It will also launch operations in Hyderabad.

Within the next 3-4 years, JustDeliveries plans to extend its presence to 8-10 cities across India.

Founded in 2022 by Mahansaria, JustDeliveries solves the challenges of fragmented cold supply chain for perishables and works with leading QSRs, café chains, and brands with fresh and frozen products.

Nabventures, a subsidiary of the Indian government’s National Bank for Agriculture and Rural Development (Nabard) invests in agritech, foodtech, rural fintech, healthtech and edtech startups. Its other investments include Unnati, Jai Kisan and TenderCuts in the food and agricultural space.