Licious, a Bangalore-based startup that sells fresh meat, seafood and other fresh animal proteins online, said Tuesday it has an additional $150 million. A group of investors recently came up with what seems to be a harbinger of a startup’s IPO.
The round was led by Singaporean companies Amansa Capital, Kotak PE and Axis Growth Avenues AIF-I. Among others, there are several existing and new investors including Nitin Kamat and Nikhil Kamat of Zerodha, Aman Gupta of Boat and Haresh Chawla of True Ook Noord. New era.
According to analytics platform Tracxn, the new funding, which is a $52 million expansion of the F-series announced last year, pushes Licious’s overall growth to $488 million.
Licious, whose sponsors include Temasek, 3One4 Capital and IIFL, operates an e-commerce platform of the same name that sells meat and seafood in more than a dozen Indian cities. The startup has built a supply chain network across several Indian cities to source meat and seafood, keep it fresh, and deliver it within hours of ordering.
“Today, Licious is the most recognizable D2C startup in India. This recognition is a direct result of the value we have created for our stakeholders – the investments made to create the category have paid us big dividends and contributed to the growth of the company and its employees,” said Vivek Gupta and Abhay Hanjura, Co. This was announced by the founder of Lycius in a joint statement.
“Growing interest from investors both in India and abroad is further assurance that customer passion, quality and service standards are the pillars of the best companies.”
This is a history of development. Further…