Perishables logistics solutions, JustDeliveries with the help of Nabventures has raised $1 million in its pre-Series A funding round. Participating in the round are Faad Network, Anay Ventures, Caret Capital, and Mahansaria Family Office.
According to a press release from the company, the money will be used to expand its logistics network throughout the national capital region, Bengaluru, Mumbai, Pune, and other areas. It will begin operations in Hyderabad as well.
In the upcoming three to four years, JustDeliveries intends to expand to eight to ten Indian cities.
JustDeliveries, which Mahansaria founded in 2022, works with top QSRs, café chains, and brands that sell frozen and fresh goods to address the problems caused by a disjointed cold supply chain for perishables.
A division of the Indian government’s National Bank for Agriculture and Rural Development (Nabard), Nabventures makes investments in edtech, foodtech, agritech, healthtech, and rural fintech companies. In the food and agriculture sectors, it has also invested in Unnati, Jai Kisan, and TenderCuts.
