New Delhi: Cold chain logistics startup JustDeliveries has raised ₹5.5 crore in a funding round co-led by VC Grid and NABVentures, with additional participation from LetsVenture, Anay Ventures, FAAD Network, and others. This latest capital infusion brings the startup’s total funding to approximately ₹15.9 crore ($2 million).
Founded with the mission to bring structure and reliability to India’s fragmented logistics ecosystem, JustDeliveries specializes in mid-mile cold chain logistics for the food and beverage (F&B) sector.
The new funds will be utilized to strengthen its technology platform and expand operations into three additional cities, including Lucknow and Chennai. The company currently operates in Mumbai, Delhi, Bangalore, Pune, and Hyderabad.
JustDeliveries – The Preferred Logistics Partner
Since inception, JustDeliveries has become the preferred logistics partner for over 100 F&B brands, including ITC, Swiggy, Naturals Ice Cream, Blue Tokai, and Biggies Burger.
Leveraging an asset-light, third-party logistics (3PL) model, the startup ensures temperature-controlled transportation for perishables across urban centers. Its plug-and-play approach addresses critical inefficiencies in a sector where 90% of logistics operations remain unorganized.
In FY25, the company reported 2.4x revenue growth year-over-year, with an average monthly growth rate of 10.6%. In a key milestone, JustDeliveries achieved city-level profitability across all five operational cities by December 2024, all while maintaining industry-leading receivables turnaround times and minimal bad debts.
Commenting on the investment, Ashish Km Choudhury, CIO at NABVentures, said: “We’re excited to continue backing JustDeliveries as they expand their cold chain logistics solutions. Their focus on operational excellence and strong client relationships demonstrates their ability to transform India’s F&B supply chain.”
Vansh Oberoi of VC Grid added: “In a space riddled with high capital requirements and fragmentation, JustDeliveries has emerged as a model of efficient execution. Their tech-driven, asset-light platform has achieved scale and profitability—something rare in logistics.”
The company also announced the elevation of Pradeep Murugesan to Chief Operating Officer (COO) and co-founder, further strengthening its leadership as it prepares for the next phase of growth.
Founder Mansi Mahansaria commented: “Cold chain logistics for the F&B sector required more than just infrastructure—it needed reimagined partnerships. Our flexible, tech-enabled platform scales with client needs while maintaining cost-efficiency and service reliability. This funding will help us become net profitable and expand to new cities in FY26.”
With India’s cold chain logistics market expected to grow at a CAGR of 23.5% through 2030, driven by rising demand for perishable food and pharma products, JustDeliveries is well-positioned to capitalize on this growth.
The expansion into three new cities will increase the company’s footprint to eight key urban hubs, further aligning with client needs for national distribution coverage.
