The round is led by Singapore-headquartered investment company Temasek, and Multiples Private Equity.
Bengaluru-based Licious, a tech-powered, full stacked D2C fresh meat and seafood brand, has announced Series F funding round of $192 million. The round is led by Singapore-headquartered investment company Temasek, and Multiples Private Equity. Brunei Investment Agency also participated in the round. Existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund, and Vertex Ventures Southeast Asia and India have also participated in this round of fundraise, reaffirming their faith in the category. With this round, a few early investors have exited from their investment.
The current round of fundraise, puts Licious at the driver’s seat for being the highest funded company in this category. The company also recently announced their pledge to comply to the lofty global ESG standards, setting new benchmarks for sustainability & governance.
Over the last 5 years, Licious has been at the forefront of the disruption that India’s animal protein sector needed. The company has been instrumental in elevating the industry standards across sustainability, food safety, sourcing, production and customer experience while positively impacting lives of farmers and fishermen. Licious has successfully emerged as a category leading brand leveraging technology for supply chain excellence and setting industry first benchmarks for animal protein consumers by innovating across formats. The biggest testimony to these claims is the unprecedented growth of over 500 per cent that the company saw during the last year followed by the continuing momentum of the same. Licious has successfully delivered to more than 2 million unique customers till date.
The funds raised through Series F will be deployed towards deeper investment in technology led supply chain transformation, quality improvement, and customer experience elevation along with expanding presence in a greater number of Indian cities, powering the international expansion plan, augmenting capabilities in existing markets, strengthening omnichannel presence and powering new product launches.