Intercity food delivery start-up serving up to 30 cities, JustMYRoots has acquired The State Plate(TSP). the move will help the start-up to expand its operations. TSP is a company working in the non-perishable packaged food segment. After the collaboration, the company will get an opportunity to enter the packaged intercity food market.
According to the deal, company founders Muskan Sancheti and Raghav Jhawar will run the business under the name of JustMyRoots. TSP was part of Shark Tank India where it got investment from Lenskart's Peyush Bansal on the basis of its business model
JustMyRoots has always been committed to redefining intercity food delivery in India and this acquisition represents a significant stride toward that vision," said Samiran Sengupta, CEO of JustMyRoots.
I am delighted to announce my strategic investment in JustMyRoots @Just_My_Roots , India's First and Largest Intercity food delivery platform and their revolutionary packaging brand Acaya @Acaya_India .— Sourav Ganguly (@SGanguly99) July 6, 2023
Justmyroots is reconnecting people with their roots and preserving the… pic.twitter.com/N8volPvgY8
Founded by Sengupta, Rajan Sachdeva, and Promita Sengupta in 2016, the start-up made headlines in the media after celebrated Indian cricket captain Saurav Ganguli announced that he has acquired a minority stake in the food delivery start-up. Apart from the current acquisition the start-up is planning to raise funds in the range of 120 crores to 150 crores for its expansion in different parts of the country.