Cold chain logistics startup JustDeliveries has raised Rs 5.5 crore in funding in a round co-led by VC Grid and NABVentures to fund its expansion plans.
This round also saw investments from investors including LetsVenture, Anay Ventures, FAAD Network, and others.
“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,” the company said in a statement.
The capital infusion elevates JustDeliveries’ total funding to USD 2 million (around Rs 15.9 crore), further enabling its mission to bring structure and reliability to India’s USD 200 billion logistics landscape, where 90 percent of operations remain unorganized and prone to inefficiencies.
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’s asset-light, plug-and-play third-party logistics (3PL) model addresses the acute challenges of transporting perishable goods across India’s vast and complex supply chains.
“NABVentures is supporting JustDeliveries as they scale their innovative cold chain logistics solutions. Their 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,” Ashish Km Choudhury, CIO, NABVentures, said.
Vansh Oberoi from VC Grid said, “JustDeliveries 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. This investment aligns with our mission to back category-defining companies solving systemic challenges.”
Commenting on the development Mansi Mahansaria, founder of JustDeliveries, said, “When we launched JustDeliveries, we recognised 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’ needs while ensuring cost efficiency and reliability. This funding enables us to deepen our tech stack, become net profitable, and take our services to three new cities by FY26.”
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The startup’s expansion into three additional cities will extend its geographic footprint to eight major hubs, aligning with client demands for pan-India distribution.
JustDeliveries has achieved a 2.4x year-over-year revenue growth in FY2025, sustained by a 10.6 percent average monthly growth rate. The startup attained city-level profitability across all operational hubs while maintaining negligible bad debts and industry-leading receivables turnaround times.
Recently the company elevated Pradeep Murugesan to COO and co-founder.