Seafood & Meat Brand Licious Raises $25 million for Expansion
Licious, a seafood and meat brand has reportedly secured funds amounting to $25 million (over Rs 180 crore) in its latest investment round. This funding round was led by Bertelsmann India Investments and Temasek-backed Vertex Ventures Southeast Asia and India.
The particular round also saw participation from backers such as UCLA and existing investors Mayfield India, 3one4 Capital, Sistema Asia Fund and InnoVen Capital.
The funds so raised by the company will be used in the expansion of its footprint and expand operations to Mumbai and Pune too. At present, the company is present across Delhi NCR, Bengaluru and Hyderabad only. A large part of the capital raised will be also be used to widen this product category as also strengthen the supply chain.
“To be able to build a transformat...