- September 11, 2023 / 2 min readThis strategic move is a pivotal step in JustMyRoots' overarching strategy to broaden its footprint within the nationwide packaged intercity food market.
JustMyRoots, the intercity food delivery startup, has completed its acquisition of The State Plate (TSP), a company specializing in non-perishable packaged food products.
This strategic move is a pivotal step in JustMyRoots' overarching strategy to broaden its footprint within the nationwide packaged intercity food market.
TSP made a notable appearance on the first season of Shark Tank India and secured investment from Peyush Bensal, the CEO of Lenskart.
Furthermore, it successfully raised pre-seed capital from Antler India, valuing the company at approximately $2 million.
As part of the agreement, Muskaan Sancheti and Raghav Jhawar, the founders of TSP, will seamlessly join the JustMyRoots team and retain their roles in overseeing the business.
Samiran Sengupta, CEO of JustMyRoots, expressed that this acquisition marks a substantial step in their ongoing commitment to revolutionize intercity food delivery in India.
Former Indian cricketer Sourav Ganguly has recently acquired a minority share in JustMyRoots.
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