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JustDeliveries, a new-age cold chain logistics startup redefining mid-mile logistics for India鈥檚 food and beverage sector, has raised Rs 50.5 million funding in a round co- led by VC Grid and NABVentures. Investors included LetsVenture, Anay Ventures, FAAD Network and others. 

The capital infusion elevates JustDeliveries鈥� total funding to $2 million (approximately Rs 150.9 million), further enabling its mission to bring structure and reliability to India鈥檚 $200 billion logistics landscape, where 90 per cent of operations remain unorganized and prone to inefficiencies. The funds will be used to enhance its technology capabilities and expansion into three new cities including Lucknow and Chennai. Currently it has its operations in Bangalore, Delhi, Hyderabad, Mumbai and Pune. 

Since its inception, JustDeliveries has emerged as a critical partner for over 100 F&B brands, including industry leaders like ITC, Swiggy, Blue Tokai, Biggies Burger, and Naturals Ice Cream. The company鈥檚 asset-light, plug-and-play third-party logistics (3PL) model addresses the acute challenges of transporting perishable goods across India鈥檚 vast and complex supply chains. Showing remarkable traction, JustDeliveries achieved a 2.4x year-over-year revenue growth in FY25, sustained by a 10.6 per cent average monthly growth rate. The startup reached a pivotal milestone in December 2024 by attaining city-level profitability across all operational hubs - Mumbai, Pune, Bangalore, Delhi, and Hyderabad - while maintaining negligible bad debts and industry-leading receivables turnaround times. 

JustDeliveries has a strong leadership team and has recently elevated Pradeep Murugesan and COO and cofounder. 

NABVENTURES is a venture growth equity fund that invests in agriculture, food, rural businesses and agri/rural financial services at early to mid-stage. ""NABVENTURES is excited to continue supporting JustDeliveries as they scale their innovative cold chain logistics solutions. Their impressive growth, focus on profitability, and strong client base underscore our confidence in their ability to transform the F&B supply chain landscape by driving efficiency and reducing wastage. NABVENTURES is pleased to be a part of their journey in building a more resilient food supply chain."" - Ashish Km Choudhury, CIO, NABVENTURES. 

VC Grid is a leading return-driven fund backed by Venture Catalysts, India's leading integrated incubator and accelerator platform. Commenting on the investment, Vansh Oberoi from VC Grid, said, 鈥淛ustDeliveries represents a rare convergence of operational discipline, scalable innovation, and market timing. In a sector traditionally burdened by high capital expenditure and fragmented service providers, Mansi and her team have engineered an asset-light platform that delivers consistent cold chain integrity while achieving early profitability, a feat that eludes most logistics startups. Their ability to maintain an impressive month-on-month growth in a competitive sector reflects both operational maturity and strategic foresight. We believe JustDeliveries is poised to become the backbone of India鈥檚 F&B logistics ecosystem. This investment aligns with our mission to back category-defining companies solving systemic challenges.鈥� 

Mansi Mahansaria, Founder of JustDeliveries, said, 鈥淲hen we launched JustDeliveries, we recognized that solving the gaps for the F&B industry required more than just infrastructure-it demanded a fundamental rethinking of logistics partnerships. By integrating technology with a flexible asset network, we have built a platform that scales with our clients鈥� needs while ensuring cost efficiency and reliability. We鈥檙e fortunate to have a set of investors who believe in building a valuable company on a strong foundation. This funding enables us to deepen our tech stack, become net profitable, and take our services to three new cities by FY26.鈥� 

With India鈥檚 cold chain logistics market projected to grow at a 23.5 per cent CAGR through 2030, driven by rising demand for perishable foods and pharmaceuticals, JustDeliveries鈥� tech-enabled model addresses a critical infrastructure gap. The startup鈥檚 expansion into three additional cities will extend its geographic footprint to eight major hubs, aligning with client demands for pan-India distribution.