Licious Raises $65 Million In Fresh Funding
Licious, a Meat and seafood brand, has raised $65 million in a Series F funding round from Multiples Alternate Asset Management, Brunei Investment Agency, Vertex Ventures, and a few others.
This new funding round comes after a gap of 18 months, taking the total funding raised by Licious to $160 million.
Brunei Investment Agency and Vertex Ventures have put in $15 million and $10 million, respectively, while Multiples Alternate Asset Management has invested $32 million. Bertelsmann Netherland, 3one4 Capital and angels, including Akshay Ghulati and Narshing Dass Makkar, have invested the remaining amount.
Started by Abhay Hanjura and Vivek Gupta, Licious is a Bengaluru-based consumer food company focused on providing a range of meat & meat products like raw & fresh meat and seafood, marinades and ready-to-eat food.
The startup operates in 16 cities, including Delhi NCR, Chandigarh, Bengaluru, Mumbai, and Hyderabad. Licious has built a farm-to-fork model, including handling the entire back-end supply chain. In Early 2020, Licious had also forayed into the ready-to-eat segment.
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