JustDeliveries Secures $1M Funding to Enhance Perishable Logistics Solutions
Synopsis:
JustDeliveries, a startup specializing in logistics solutions for perishable goods, has raised $1 million in a pre-Series A funding round led by NABVENTURES Fund. Other notable investors include FAAD Network, Anay Ventures, Caret Capital, and Mahansaria Family Office. The funding will bolster the startup's logistics network across key cities like Bangalore, Mumbai, Pune, and NCR, with plans to expand to Hyderabad and eventually 8-10 cities in India within 3-4 years. JustDeliveries aims to address the critical need for reliable cold chain logistics solutions and reduce food wastage in the F&B sector.Key Points:
- JustDeliveries secures $1 million in pre-Series A funding from investors led by NABVENTURES Fund.
- Other investors include FAAD Network, Anay Ventures, Caret Capital, and Mahansaria Family Office.
- The funding will be utilized to strengthen logistics networks in key cities and launch operations in Hyderabad.
- JustDeliveries plans to expand to 8-10 cities in India within the next 3-4 years, focusing on cold chain logistics solutions.
- Mansi Mahansaria, Founder of JustDeliveries, highlights the startup's track record of benefiting over 70 F&B companies with last-mile efficiencies.
- Dr. Dinesh Singh of FAAD Network emphasizes the opportunity to improve efficiency in perishable goods delivery.
- NABVENTURES Managing Director, Vikas Bhatt, sees potential in reducing food wastage through effective logistics solutions.
- JustDeliveries, founded in March 2022, specializes in organizing logistics for F&B brands with a focus on technology integration.
- The startup aims to provide reliable cold logistics solutions to businesses, including leading QSRs and café chains.
- JustDeliveries' expansion plans align with its mission to offer sustainable and efficient food supply chain solutions in India.