Intercity food delivery startup JustMyRoots has acquired The State Plate (TSP), a company that operates in the non-perishable packaged food segment. This acquisition is in line with JustMyRoots’ plans to expand its presence in the packaged intercity food market across India. TSP was featured on Shark Tank India Season 1 and received funding from Lenskart CEO Peyush Bensal. Additionally, it raised pre-seed capital from Antler India at a valuation of nearly $2 million.
Under the terms of the deal, TSP founders Muskaan Sancheti and Raghav Jhawar will integrate into the JustMyRoots team and continue to manage the business. JustMyRoots CEO Samiran Sengupta stated that this acquisition is a significant stride towards redefining intercity food delivery in India. Former cricketer Sourav Ganguly also recently acquired a minority stake in JustMyRoots. Read more on The Economic Times website.
