Nabventures led a pre-Series A fundraising round led by $1 million was secured by JustDeliveries, a perishable supply chain platform. The round also included participation from additional investors Faad Network, Anay Ventures, Caret Capital, and Mahansaria Family Office.
JustDeliveries stated that it hopes to expand the logistics system throughout areas including Bengaluru, Mumbai, Pune, and the NCR with the most recent investment. It will begin operation in Hyderabad as well.
“In the last two years, over 70 F&B companies have outsourced their logistics to JustDeliveries, thus benefiting from last-mile efficiencies and reliability of operations,” Mansi Mahansaria, founder of JustDeliveries, said.
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JustDeliveries, which focuses on small movements of perishable items with frequent replenishments, along with cold storage, warehousing, inventory management, and a shared logistics network, provides an invaluable service to the restaurant and retail distribution sectors.
Vikas Bhatt, Managing Director of NABVENTURES, said, “The lack of proper storage and distribution infrastructure significantly contributes to the food waste problem in India. By partnering with JustDeliveries, we believe we can empower businesses to effectively reduce wastage of perishable commodities, leading to a more sustainable and efficient food supply chain across India.”
J.R. Laddha Financial Services Pvt. Ltd. advised the Company and acted as
an exclusive advisor to the deal.
About JustDeliveries
Founded in 2022 by Mansi Mahansaria, JustDeliveries is offering a tech-enabled logistics solution that empowers F&B perishable brands to outsource their logistics and expand their intra-city presence.
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