JustDeliveries, a tech-enabled logistics startup for mid-mile transport of perishables, has raised INR 5.5 crore in its latest round. The round was co-led by VC Grid and NABVentures with LetsVenture, Anay Ventures, and FAAD Network participating. This takes the total capital raised by the company to USD 2 million (~INR 15.9 crore).
JustDeliveries’ Vision
Founded to transform India’s fragmented cold chain, JustDeliveries has built a plug-and-play, asset-light third-party logistics (3PL) model for the food and beverage (F&B) industry. The company operates in five major Indian cities—Mumbai, Pune, Bangalore, Delhi, and Hyderabad—and will use the fresh funds to expand to three new cities including Lucknow and Chennai and enhance its technology platform.
At the heart of JustDeliveries is its mid-mile logistics solution—a segment often ignored in the broader supply chain conversation. Unlike traditional cold chain players who rely on asset ownership and capex-intensive infrastructure, JustDeliveries focuses on technology integration, flexible asset networks and scalable partnerships to move perishables between production hubs and urban consumption centers.
Strong Financials and Traction
The company has seen impressive growth. In FY25, JustDeliveries grew 2.4x year-on-year and has a monthly growth rate of 10.6%. In December 2024, the company achieved city-level profitability across all five operational hubs—a rare feat in Indian logistics. The company has minimal bad debts and industry-best receivables turnaround times.
JustDeliveries is a trusted logistics partner for over 100 F&B brands including ITC, Swiggy, Blue Tokai Coffee, Biggies Burger and Naturals Ice Cream. The demand for specialized, tech-enabled logistics services that can preserve cold chain integrity is growing with urban consumption and food delivery platforms on the rise.
Strategic Backing and Leadership Momentum
Investor sentiment remains bullish. Ashish Km Choudhury, CIO of NABVentures said: “They are growing, profitable and have a strong client base. We believe they can drive efficiency and reduce wastage in the cold chain space.”
Vansh Oberoi of VC Grid added: “Mansi and her team have built an asset light platform that delivers cold chain integrity and is profitable early—rare in this capital intensive space.”
The leadership team, led by Founder Mansi Mahansaria recently got a structural change with Pradeep Murugesan being elevated to Chief Operating Officer and Co-Founder, further strengthening the bench.
Mansi on the recent milestone:
“Solving the gaps in the F&B logistics ecosystem required more than infrastructure—it required rethinking how logistics partnerships work. By using technology and a scalable asset network, we have created a solution that evolves with our clients’ needs.”
Market Leadership Positioning
India’s cold chain logistics market is USD 200 billion (~INR 16.98 lakh crore) and over 90% of the segment is unorganized. But with a 23.5% CAGR through 2030 driven by growing demand for perishable food, pharma and healthcare products, the space is ripe for disruption.
JustDeliveries is positioning itself as the critical enabler of structured, technology led cold chain infrastructure to bridge the distribution gaps across urban India.
As they look to expand to 8 cities by FY26 and strengthen their tech stack, they are emerging as a key player in the evolution of India’s F&B and pharma supply chains—not just delivering goods but delivering innovation, reliability and efficiency in every cold mile.
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