JustDeliveries, a cold-chain mid-mile logistics startup, has successfully raised Rs. 5.5 crore in its latest funding round, co-led by VC Grid and NABVentures. This new capital injection brings the company's total funding to Rs. 15.9 crore (approximately USD 2 million). The funds will primarily be directed toward bolstering its technology infrastructure and expanding operations into three new cities, including Lucknow and Chennai, by FY26. As India’s cold-chain logistics market grows rapidly, JustDeliveries is positioning itself to fill a critical gap in an industry where 90% of operations remain unorganised.
JustDeliveries Secures Funding for Expansion
JustDeliveries, a key player in India’s cold-chain logistics sector, announced on Monday that it has raised Rs. 5.5 crore in a funding round co-led by VC Grid and NABVentures. The latest infusion brings the company's total capital raised to Rs. 15.9 crore (USD 2 million). Additional investors in the round included LetsVenture, Anay Ventures, and FAAD Network, signaling strong investor confidence in the startup's growth prospects.
The company plans to allocate this fresh capital to enhance its technology platform, which has been a cornerstone of its business model. Furthermore, the funds will support the startup's expansion into three new cities—Lucknow, Chennai, and one more, effectively broadening its geographical footprint to eight major urban centers, including Bangalore, Delhi, Hyderabad, Mumbai, and Pune.
Addressing Gaps in India’s Logistics Market
India’s logistics industry is a vast and rapidly evolving space, valued at over USD 200 billion. However, as much as 90% of the sector remains unorganised and fragmented, leading to inefficiencies. JustDeliveries aims to tackle this challenge by integrating technology with a flexible asset network. The company’s business model is designed to scale with client demand while ensuring reliability, cost efficiency, and flexibility. According to Mansi Mahansaria, Founder of JustDeliveries, the solution goes beyond infrastructure to fundamentally rethink how logistics partnerships work in the cold-chain sector.
This innovative approach is particularly crucial for industries such as food and beverages, where demand for cold-chain logistics is rising rapidly. The cold-chain logistics market in India is projected to grow at a compound annual growth rate (CAGR) of 23.5% through 2030, driven largely by the increasing need for efficient transportation and storage of perishable goods and pharmaceuticals.
Tech-Enabled Model to Drive Future Growth
JustDeliveries is positioning itself as a key player in India's emerging cold-chain logistics market with a focus on leveraging technology to fill the significant infrastructure gap. The company’s tech-enabled model not only supports the scaling of operations but also ensures a seamless connection between suppliers and distribution points, which is critical for managing the complex and time-sensitive nature of cold-chain logistics.
As JustDeliveries gears up for its expansion, it plans to use the funds to develop its technology stack, which will enable the company to become net profitable while maintaining its focus on customer-centric growth. The company's ambitious plans include expanding its service offering to three new cities by FY26, in response to increasing demand for efficient and reliable cold-chain logistics.
The Road Ahead: A Rising Sector
With India’s cold-chain logistics market booming, JustDeliveries is poised to take full advantage of this growth. As per industry forecasts, the sector will experience rapid development, primarily driven by the rising consumption of perishable foods and pharmaceuticals. This presents a significant opportunity for companies like JustDeliveries, which offer not only the necessary infrastructure but also the tech-driven solutions that customers in these sectors demand.
In conclusion, JustDeliveries is positioning itself to fill a crucial gap in India's logistics market, particularly in the cold-chain segment, which remains largely underserved and unorganised. The company's ability to leverage technology and expand its geographic reach will be pivotal as it continues to scale its operations and address the growing needs of India’s logistics ecosystem.
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