Subway brings back honey oat bread and creamy sriracha sauce
Led by Amansa Capital, Kotak PE & Axis Growth Avenues AIF – I
Licious, Bengaluru-based tech-first, fresh animal protein brand, has announced the Series F2 fund raise of $150 million. This round of fundraise comes just 6 months after the company became the first D2C unicorn in the country.
Series F2 is led by Singapore based Amansa Capital, along with Kotak PE & Axis Growth Avenues AIF – I. Existing investors have also participated in the round along with prominent angel investors including Nithin & Nikhil Kamath of Zerodha, BoAt’s Aman Gupta and Haresh Chawla, Partner, True North.
The funds raised through Series F2 will be utilised for investment in technological intervention that will help category development and improve overall customer experience. The company will also invest in strategic acquisition and widening & deepening the brand’s reach.
Today, the company has been a torch bearer for the food-tech D2C industry, being the first in the sector to pledge Environmental, social, and corporate governance (ESG) compliance. Last year, Licious also became the first Indian company to offer employee stock ownership plans (ESOPs) to their production and delivery workforce, while introducing the ’Everyday Vesting, Anytime Liquidation’ ESOP-wealth creation scheme in another industry first.