Mumbai, May 12 – Cold-chain mid-mile logistics startup JustDeliveries has successfully raised Rs 5.5 crore in a funding round co-led by VC Grid and NABVentures, with participation from LetsVenture, Anay Ventures, FAAD Network, and others.
The company announced that the newly acquired capital will be channeled towards enhancing its technology infrastructure and facilitating expansion into three additional cities, including Lucknow and Chennai. This move will expand JustDeliveries' operational footprint to eight major Indian cities. The startup operates in Mumbai, Pune, Bangalore, Delhi, and Hyderabad.
With this latest round, the company's total funding has reached USD 2 million (approximately Rs 15.9 crore).
Tech-Driven Expansion and Profitability Goals
Founder Mansi Mahansaria emphasized that the company is not just building infrastructure but reimagining logistics through strategic partnerships and technology integration.She added that the funding will enable JustDeliveries to deepen its tech stack, achieve net profitability, and launch services in three new cities by FY26.
Tapping into India’s Expanding Cold Chain Market
India’s logistics industry, valued at USD 200 billion, remains unorganized, with up to 90 percent of operations fragmented and inefficient.JustDeliveries aims to fill a significant gap in this space. With the cold chain logistics market expected to grow at a CAGR of 23.5 per cent through 2030, driven by increasing demand for perishable food and pharmaceuticals, the company’s tech-enabled mid-mile model is well-positioned to address these infrastructural challenges.
The latest funding marks a strategic leap for JustDeliveries as it aligns with the evolving needs of the Indian logistics ecosystem.
