Mumbai, Mar 27 (KNN) Mumbai-based startup JustDeliveries has secured USD 1 million in pre-Series A funding led by Nabventures, a subsidiary of the government's National Bank for Agriculture and Rural Development (NABARD).

The round also saw participation from Faad Network, Anay Ventures, Caret Capital and Mahansaria Family Office.

JustDeliveries provides logistics solutions tailored for perishable goods like fresh and frozen foods. The company organises last-mile deliveries for F&B brands including quick service restaurants, cafe chains and other fresh food businesses.

With the new capital, JustDeliveries plans to deepen its logistics network in metro cities like Bengaluru, Mumbai, Pune, Delhi-NCR and launch operations in Hyderabad. By 2028, the startup aims to extend its presence across 8-10 major cities in India.

“In just two years, over 70 F&B companies have outsourced their logistics to us, benefiting from improved efficiencies and reliability,” said Mansi Mahansaria, Founder of JustDeliveries.

Vikas Bhatt, MD of lead investor Nabventures, highlighted the massive issue of food wastage in India due to lack of proper storage and distribution infrastructure.

“By partnering with JustDeliveries, we can facilitate businesses to effectively reduce wastage of perishables, leading to a more sustainable food supply chain,” Bhatt said.

(KNN Bureau)