JustDeliveries, a supplier of logistics options for perishables, has raised USD 1 million in a pre-Sequence A funding spherical led by Nabventures. Different buyers together with Faad Community, Anay Ventures, Caret Capital and Mahansaria Household Workplace additionally participated within the spherical.
Nabventures, a subsidiary of the Indian authorities’s Nationwide Financial institution for Agriculture and Rural Growth (Nabard), is a enterprise progress fairness fund that invests in agritech, foodtech, rural fintech, healthtech and edtech startups.
With the newest funding in place, Mumbai-based JustDeliveries stated it goals to deepen its logistics community throughout areas together with Bengaluru, Mumbai, Pune and the nationwide capital area. It can additionally launch operations in Hyderabad.
By 2028, JustDeliveries plans to increase its presence to 8-10 cities throughout India, as per an announcement. The corporate organises perishables’ logistics for meals and drinks (F&B) manufacturers that embody quick-service eating places, cafe chains and people specialising in contemporary and frozen meals.
“Within the final two years, over 70 F&B firms have outsourced their logistics to JustDeliveries, thus benefiting from last-mile efficiencies and reliability of operations,” Mansi Mahansaria, founding father of JustDeliveries, stated.
Previous to founding the corporate in March 2022, Mahansaria labored at Tata Housing Growth Firm and IDFC.
“The dearth of correct storage and distribution infrastructure considerably contributes to the meals wastage drawback in India. By partnering with JustDeliveries, we consider we are able to empower companies to successfully scale back wastage of perishable commodities, resulting in a extra sustainable and environment friendly meals provide chain throughout India,” Vikas Bhatt, managing director of Nabventures, stated within the assertion.
Nabventures’ different investments embody Unnati, Jai Kisan and TenderCuts within the meals and agricultural area.
