Total amount raised
$489.5 Millions
Latest funding date
Location
Title
Licious has successfully raised significant funding across multiple rounds, with its latest being a Series F. The platform specializes in delivering fresh meat and seafood directly to consumers, ensuring high standards of quality and safety.
Keep reading to explore the intricacies of Licious's fundraising journey and the investors backing this innovative platform.
What Is Licious?
Licious, founded in 2015 in Bengaluru, Karnataka, India, is a pioneering online platform for ordering fresh meat and seafood. The company was established by Abhay Hanjura, Varun Sadana, and Vivek Gupta.
Specializing in delivering high-quality meat products, Licious offers a range of items including chicken, mutton, seafood, marinades, and cold cuts. They maintain strict quality control measures to ensure freshness from procurement to delivery.
With a workforce of 1001-5000 employees, Licious continues to revolutionize the meat industry in India by providing safe, delectable, and trustworthy products directly to consumers' doorsteps.
How Much Funding Has Licious Raised?
- Seed Round
- Amount Raised: $1M
- Date: September 2015
- Lead Investors: 3one4 Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the business and develop the initial product offering.
- Series A
- Amount Raised: $3.5M
- Date: April 2016
- Lead Investors: Mayfield Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and enhance supply chain capabilities.
- Series B
- Amount Raised: $10M
- Date: March 2017
- Lead Investors: 3one4 Capital, Mayfield Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enter new markets.
- Series C
- Amount Raised: $25M
- Date: September 2018
- Lead Investors: Bertelsmann, Vertex Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market reach and improve product offerings.
- Series D
- Amount Raised: $25M
- Date: December 2018
- Lead Investors: Nichirin
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological infrastructure and expand product lines.
- Series E
- Amount Raised: $30M
- Date: December 2019
- Lead Investors: Vertex Growth Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand presence in more Indian cities and launch new products, especially in the ready-to-eat category.
- Series F
- Amount Raised: $192M
- Date: June 2021
- Lead Investors: Multiples, Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance supply chain efficiency.
- Series F
- Amount Raised: $52M
- Date: October 2021
- Lead Investors: 360 ONE Asset
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling and improving product offerings.
- Series F
- Amount Raised: ₹91.4M
- Date: February 2022
- Lead Investors: Gruhas
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance technological capabilities.
- Series F
- Amount Raised: ₹11.5B
- Date: March 2022
- Lead Investors: Amansa Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance product quality.
Total Amount Raised: $339.9M
Current Valuation: Not publicly disclosed
Key Investors
- Vertex Growth Fund
- Details: Vertex Growth Fund is a Singapore-based investment fund that focuses on growth-stage companies. They led the Series E funding round for Licious.
- Investment Focus Areas: Growth-stage companies, technology, consumer sectors.
- Notable Investments: Not publicly disclosed.
- 3one4 Capital
- Details: 3one4 Capital is an early-stage venture capital firm based in India. They have been involved in multiple funding rounds for Licious, including the Seed Round and Series B.
- Investment Focus Areas: Technology, consumer, financial services.
- Notable Investments: Not publicly disclosed.
- Bertelsmann India Investments
- Details: Bertelsmann India Investments is the strategic investment arm of Bertelsmann in India. They participated in the Series C and Series E funding rounds for Licious.
- Investment Focus Areas: Digital, education, media, services sectors.
- Notable Investments: Not publicly disclosed.
- Vertex Ventures Southeast Asia and India
- Details: Vertex Ventures Southeast Asia and India is a venture capital firm that invests in early-stage and growth-stage companies. They have been involved in multiple funding rounds for Licious, including Series C and Series E.
- Investment Focus Areas: Technology, consumer sectors, innovation.
- Notable Investments: Not publicly disclosed.
- Sistema Asia Fund
- Details: Sistema Asia Fund is a venture capital fund that focuses on technology and consumer sectors in India and Southeast Asia. They participated in the Series E funding round for Licious.
- Investment Focus Areas: Technology, consumer sectors.
- Notable Investments: Not publicly disclosed.
What's Next for Licious?
As Licious looks to the future, the opportunities are vast. The company plans to expand its presence in more Indian cities, strengthen its omnichannel presence, and launch new products, particularly in the ready-to-eat category. With the Indian meat and seafood industry being largely unorganized, Licious has a significant market to capture, driven by rising per capita income and urban consumption trends.
Future fundraising seems likely as Licious continues to grow. The company may seek additional funding rounds to support its ambitious goals, including technological interventions and workforce training. However, challenges such as maintaining quality across an expanded supply chain and competing with traditional markets remain. Navigating these hurdles will be crucial for Licious's sustained success.
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