FCC

JustDeliveries raises Rs 5.5 crore to expand intracity cold chain network

2025-05-12

JustDeliveries, a cold chain logistics startup focused on mid-mile solutions for India’s 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’s 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’s 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.