Tech-powered meat and seafood brand Licious has raised a series F2 round of funding of $150 million just six months after the D2C firm turned unicorn after a $192 million raise.
The current round is led by Singapore-based Amansa Capital along with Kotak PE & Axis Growth Avenues AIFI, with existing investors
also partaking in the round along with angel investors including Nithin & Nikhil Kamath of Zerodha, BoAt’s Aman Gupta and Haresh Chawla, Partner, True North.
The funds raised will be used for investment in technology and to improve overall customer experience. The firm is also eyeing inorganic opportunities and will invest in strategic acquisitions to widen and deepen the brand’s reach.
Abhay Hanjura, co-founder, Licious, said the round comes at a “significant jump” in valuation to the previous round and was a result of huge inbound interest and was to ensure they had marquee Indian investors on their cap table. “The growing interest of investors - from India and abroad alike is an added assurance that obsession with customers, quality and package standards are the pillars of the best businesses,” co-founders Hanjura and Vivek Gupta said.
Avendus acted as the exclusive financial advisor to Licious for the deal.
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