JustDeliveries raises Rs 5.5 crore to expand intracity cold chain network
12 May 2025
2 Min Read
CW Team
JustDeliveries, a cold chain logistics startup focused on mid-mile solutions for India鈥檚 food and beverage sector, has raised Rs 5.5 crore in a funding round co-led by VC Grid and NABVentures. Other participants included LetsVenture, Anay Ventures, and FAAD Network.
This fresh round brings the total capital raised by the startup to US$ 2 million (approximately Rs 15.9 crore). The funds will be used to strengthen its technology platform and expand operations to three more cities, including Lucknow and Chennai. JustDeliveries currently operates in Bangalore, Delhi, Hyderabad, Mumbai, and Pune.
Founded to address the challenges in India鈥檚 largely unorganised Rs 16.6 lakh crore logistics sector, JustDeliveries has built an asset-light third-party logistics (3PL) model aimed at efficiently transporting perishable goods. The company services over 100 F&B brands such as ITC, Swiggy, Blue Tokai, Biggies Burger, and Naturals Ice Cream.
The company achieved 2.4x year-on-year revenue growth in FY25, with an average monthly growth rate of 10.6%. In December 2024, it achieved city-level profitability across all five operational hubs while maintaining minimal bad debts and fast receivables turnaround times. Leadership was recently strengthened with the elevation of Pradeep Murugesan as COO and co-founder.
With India鈥檚 cold chain logistics market projected to grow at 23.5 per cent CAGR through 2030, JustDeliveries aims to play a pivotal role in bridging infrastructure gaps and enabling reliable nationwide distribution.
JustDeliveries, a cold chain logistics startup focused on mid-mile solutions for India鈥檚 food and beverage sector, has raised Rs 5.5 crore in a funding round co-led by VC Grid and NABVentures. Other participants included LetsVenture, Anay Ventures, and FAAD Network.This fresh round brings the total capital raised by the startup to US$ 2 million (approximately Rs 15.9 crore). The funds will be used to strengthen its technology platform and expand operations to three more cities, including Lucknow and Chennai. JustDeliveries currently operates in Bangalore, Delhi, Hyderabad, Mumbai, and Pune.Founded to address the challenges in India鈥檚 largely unorganised Rs 16.6 lakh crore logistics sector, JustDeliveries has built an asset-light third-party logistics (3PL) model aimed at efficiently transporting perishable goods. The company services over 100 F&B brands such as ITC, Swiggy, Blue Tokai, Biggies Burger, and Naturals Ice Cream.The company achieved 2.4x year-on-year revenue growth in FY25, with an average monthly growth rate of 10.6%. In December 2024, it achieved city-level profitability across all five operational hubs while maintaining minimal bad debts and fast receivables turnaround times. Leadership was recently strengthened with the elevation of Pradeep Murugesan as COO and co-founder.With India鈥檚 cold chain logistics market projected to grow at 23.5 per cent CAGR through 2030, JustDeliveries aims to play a pivotal role in bridging infrastructure gaps and enabling reliable nationwide distribution.
Next Story
Inspira Realty Plans 8-10 Redevelopment Projects in Mumbai
Inspira Realty, a leading Mumbai-based developer and a part of Inspira Global, has announced plans to undertake 8鈥�10 new redevelopment projects across the city鈥檚 key western and southern corridors. With this expansion, the firm is poised to exceed its current Gross Development Value (GDV) of Rs 40 billion and drive forward its urban transformation agenda. The company has commenced the financial year with two development agreements signed in Borivali and Santacruz (W) and is actively negotiating further acquisitions. These projects, expected to span a construction area of 4 million sq ..
Next Story
U-Sphere Bags First Private Project with Ceenex in Thiruvananthapuram
U-Sphere, the high-tech construction arm of ULCCS, has secured its first major private sector project: the design and construction of a new training facility for Canada-based Ceenex Global Computer Private Limited in Sasthamangalam, Thiruvananthapuram. The agreement was signed by Remeshan Palery, Director, U-Sphere, and Muhammed Irfan, Director, Ceenex Global. As part of the project, U-Sphere will deliver the core structural framework and building envelope within a fast-tracked seven-month schedule. This facility will serve as a key hub for Ceenex鈥檚 initiatives across e-governance, heal..
Next Story
Godrej Motor Solutions Targets Rs 10 billion Revenue by FY28
The Motor Solutions business of the Godrej Enterprises Group is aiming for Rs 10 billion in revenue by FY28, with 20 per cent of this expected from exports. For FY26, the business is targeting Rs750 crore, driven by demand growth across electric vehicles (EVs), HVAC, pumps, and actuators in both domestic and international markets. Xercsis Marker, EVP & Head, Motor Solutions Business, Godrej Enterprises Group, said, 鈥淲e are strengthening our manufacturing capabilities through significant R&D investments and advanced technology adoption. We continue to invest in t..
