Cold-chain mid-mile logistics startup JustDeliveries announced on Monday that it has raised ₹5.5 crore in a funding round co-led by VC Grid and NABVentures.
The round also saw participation from investors such as LetsVenture, Anay Ventures, and FAAD Network, among others.
JustDeliveries stated that it will use the new capital to strengthen its technology platform and expand operations into three additional cities, including Lucknow and Chennai.
JustDeliveries stated that its upcoming expansion into three new cities will increase its presence to eight major distribution hubs, aligning with client demands for pan-India reach.
Founder Mansi Mahansaria emphasized that addressing the challenges in the food and beverage industry goes beyond infrastructure. “Solving these gaps requires a complete rethink of logistics partnerships. By combining technology with a flexible asset-light network, we’ve built a scalable platform that meets our clients’ evolving needs while ensuring both cost efficiency and reliability,” she said.
“This funding enables us to deepen our tech stack, become net profitable, and take our services to three new cities by FY26,” she added.
According to JustDeliveries, nearly 90% of India’s $200 billion logistics sector remains unorganised and susceptible to inefficiencies.
As the country’s cold chain logistics market aims to grow at a CAGR of 23.5% through 2030—primarily driven by rising demand for perishable foods and pharmaceuticals—JustDeliveries’ tech-driven model, therefore, aims to address a critical infrastructure gap.
With its recent funding and strategic expansion plans, JustDeliveries is now well-positioned to transform mid-mile cold-chain logistics in India. Moreover, by integrating technology with a scalable, asset-light model, the startup aims to enhance efficiency, ensure reliability, and introduce structure to an otherwise fragmented sector—thereby effectively meeting the growing demands of India’s perishable goods market.
