JustMyRoots Acquires Regional Food And Grocery Delivery Startup The State Plate

Share via:

Intercity food delivery services startup JustMyRoots has acquired regional packaged food delivery startup The State Plate (TSP). 

Founded in 2021 by Muskaan Sancheti and Raghav Jhawar, TSP is a regional packaged food and grocery delivery startup. It specialises in delivering a wide range of state-specific food products and groceries, from snacks and sweets to staples and beverages.

It offers food and ingredients from different states like Maharashtra, Karnataka, West Bengal, Rajasthan, Andhra Pradesh, Gujarat, Assam, etc.

The acquisition is part of JustMyRoots’ plans to venture into the regional packaged food industry.

Earlier, TSP had bagged funding from Lenskart’s cofounder Peyush Bansal, during Shark Tank. It had previously also raised funding from Antler India, and  former Indian cricketer Sourav Ganguly

Commenting on the acquisition, Samiran Sengupta, CEO, JustMyRoots said, “JustMyRoots has always been committed to redefining intercity food delivery in India and this acquisition represents a significant stride toward that vision.”

Previously, the startup had announced plans to raise INR 120 Cr to INR 150 Cr for expansion, and was in talks with several investors for the same.

In the intercity food delivery space, JustMyRoots competes with Zomato and comparatively smaller player Tastes2Plate among others. 

According to a study conducted by IMARC, the online food delivery market of India reached $28.4 Bn in 2022. The study estimates that the market may reach $118.2 Bn by 2028 at a 27.8% CAGR during the forecast period of 2023-2028.

The post JustMyRoots Acquires Regional Food And Grocery Delivery Startup The State Plate appeared first on Inc42 Media.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

JustMyRoots Acquires Regional Food And Grocery Delivery Startup The State Plate

Intercity food delivery services startup JustMyRoots has acquired regional packaged food delivery startup The State Plate (TSP). 

Founded in 2021 by Muskaan Sancheti and Raghav Jhawar, TSP is a regional packaged food and grocery delivery startup. It specialises in delivering a wide range of state-specific food products and groceries, from snacks and sweets to staples and beverages.

It offers food and ingredients from different states like Maharashtra, Karnataka, West Bengal, Rajasthan, Andhra Pradesh, Gujarat, Assam, etc.

The acquisition is part of JustMyRoots’ plans to venture into the regional packaged food industry.

Earlier, TSP had bagged funding from Lenskart’s cofounder Peyush Bansal, during Shark Tank. It had previously also raised funding from Antler India, and  former Indian cricketer Sourav Ganguly

Commenting on the acquisition, Samiran Sengupta, CEO, JustMyRoots said, “JustMyRoots has always been committed to redefining intercity food delivery in India and this acquisition represents a significant stride toward that vision.”

Previously, the startup had announced plans to raise INR 120 Cr to INR 150 Cr for expansion, and was in talks with several investors for the same.

In the intercity food delivery space, JustMyRoots competes with Zomato and comparatively smaller player Tastes2Plate among others. 

According to a study conducted by IMARC, the online food delivery market of India reached $28.4 Bn in 2022. The study estimates that the market may reach $118.2 Bn by 2028 at a 27.8% CAGR during the forecast period of 2023-2028.

The post JustMyRoots Acquires Regional Food And Grocery Delivery Startup The State Plate appeared first on Inc42 Media.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Trump says he wants to keep TikTok around ‘for...

With a US TikTok ban scheduled to take...

The biggest flops and fizzles in 2024 transportation, from...

Autonomous vehicle technology and electrification startups were once...

Indian edtech unicorn Vedantu cuts losses by 58%

It was supported by a 21% increase in...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!