Thursday, May 19, 2022
HomeInsightFunding Alert D2C Unicorn Licious raises $150 mn in Series F2

[Funding alert] D2C Unicorn Licious raises $150 mn in Series F2

D2C Unicorn Licious
D2C Unicorn Licious

Licious, a Food and Beverage Services company has raised $150 million in Series F2 round from Singapore-based Amansa Capital, along with Kotak PE & Axis Growth Avenues AIF – I.

In this round existing investors and prominent angel investors like Nithin and Nikhil Kamath of Zerodha, BoAt’s Aman Gupta, and Haresh Chawla, Partner and True North also participated.

With this fundraise, the company plans to invest in a technological intervention that will help category development and improve the overall customer experience. The startup also invests in strategic acquisition and widening and deepening the brand’s reach.

“The growing interest of investors from India and abroad alike is an added assurance that obsession with customers, quality, and service standards are the pillars of the best businesses,” said Vivek Gupta and Abhay Hanjura, Co-Founders at Licious.

Kotak Investment Advisors Limited has invested in Licious through Kotak Pre-IPO Opportunities Fund an Rs. 2,000 crore fund.

“Due to Licious’ focus on quality and strong execution, its successfully creating a habituated and loyal customer base”, said, S Sriniwasan, MD, Kotak Investment Advisors Limited.

Bangalore-based startup Licious was founded in 2015 by Vivek Gupta and Abhay Hanjura, Licious is India’s first D2C Unicorn. The company serves fresh meat and seafood.

Last year in July 2021, it has raised $192 Million in its Series F funding round from Temasek & Multiples and making it the highest-funded company in the fresh animal protein business category.

last year in October the company achieved a billion dollars valuation post receipt of funding worth $52 million from IIFL AMC’s Late Stage Tech Fun & Avendus FLF (Future Leaders Fund).

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