Sunday 22 12 2024 12:42:16 PM

Office Address

123/A, Miranda City Likaoli Prikano, Dope

Phone Number

+0989 7876 9865 9

+(090) 8765 86543 85

Email Address

info@example.com

example.mail@hum.com

Logistics startup JustDeliveries raises $1 million in funding led by Nabventures; it also plans to widen its network across regions
Mansi Mahansaria, founder, JustDeliveries
Dr.G.R.Balakrishnan Mar 29 2024 Logistics News (Roadways & Railways)

Logistics startup JustDeliveries raises $1 million in funding led by Nabventures; it also plans to widen its network across regions

JustDeliveries plans to deepen its logistics network across regions including Bengaluru, Mumbai, and Pune. By 2028, it plans to extend its presence to 8-10 cities by 2028.    

JustDeliveries, a provider of logistics solutions for perishables, has raised $1 million in a pre-Series A funding round led by Nabventures with other investors including Faad Network, Anay Ventures, Caret Capital and Mahansaria Family Office also participating ‘

Nabventures, a subsidiary of the Indian government’s National Bank for Agriculture and Rural Development (Nabard), is a venture growth equity fund that invests in agritech,
foodtech, rural fintech, healthtech and edtech startups.
 
“In the last two years, over 70 F&B companies have outsourced their logistics to JustDeliveries, thus benefiting from last-mile efficiencies and reliability of operations,” Mansi Mahansaria, founder of JustDeliveries, said.

Before founding the company in March 2022, Mahansaria was at Tata Housing Development Company and IDFC.