JustDeliveries, a cold chain logistics startup, has raised ₹5.5 crore in a fresh funding round co-led by VC Grid and NABVentures. The round also saw participation from LetsVenture, Anay Ventures, FAAD Network and others.
The funding brings JustDeliveries’ total funding to $2 million (approximately ₹15.9 crore).
The funds raised will be used to enhance its technology capabilities and expansion into three new cities, including Lucknow and Chennai.
Founded in 2017 by Mansi Mahansaria and Pradeep Murugesan, JustDeliveries is a cold chain logistics startup focused on mid-mile transport for India’s food and beverage sector. Currently it has its operations in Bangalore, Delhi, Hyderabad, Mumbai and Pune.
JustDeliveries has partnered with over 100 F&B brands, including industry leaders like ITC, Swiggy, Blue Tokai, Biggies Burger, and Naturals Ice Cream. The company’s asset-light, plug-and-play third-party logistics (3PL) model addresses the acute challenges of transporting perishable goods across India’s vast and complex supply chains.
JustDeliveries claims to have achieved a 2.4x year-over-year revenue growth in FY25, sustained by a 10.6% average monthly growth rate.
In December 2024, JustDeliveries reached city-level profitability across all operational hubs. The startup’s expansion into three additional cities will extend its geographic footprint to eight major hubs, aligning with client demands for pan-India distribution.
Mansi Mahansaria, Founder of JustDeliveries, said, “When we launched JustDeliveries, we recognized that solving the gaps for the F&B industry required more than just infrastructure-it demanded a fundamental rethinking of logistics partnerships. By integrating technology with a flexible asset network, we have built a platform that scales with our clients’ needs while ensuring cost efficiency and reliability. We’re fortunate to have a set of investors who believe in building a valuable company on a strong foundation. This funding enables us to deepen our tech stack, become net profitable, and take our services to three new cities by FY26.”
“NABVENTURES is excited to continue supporting JustDeliveries as they scale their innovative cold chain logistics solutions. Their impressive growth, focus on profitability, and strong client base underscore our confidence in their ability to transform the F&B supply chain landscape by driving efficiency and reducing wastage. NABVENTURES is pleased to be a part of their journey in building a more resilient food supply chain,” said Ashish Km Choudhury, CIO, NABVENTURES.
Vansh Oberoi from VC Grid said, “JustDeliveries represents a rare convergence of operational discipline, scalable innovation, and market timing. In a sector traditionally burdened by high capital expenditure and fragmented service providers, Mansi and her team have engineered an asset-light platform that delivers consistent cold chain integrity while achieving early profitability, a feat that eludes most logistics startups. Their ability to maintain an impressive month-on-month growth in a competitive sector reflects both operational maturity and strategic foresight. We believe JustDeliveries is poised to become the backbone of India’s F&B logistics ecosystem. This investment aligns with our mission to back category-defining companies solving systemic challenges.”
