Fresh meat and seafood brand Licious is in advanced stages of closing a fresh $25-30 million funding round, almost a year after it raised $25 million in its Series D round led by Japanese conglomerate Nichirei Corp.
The funding, which is likely to be an extension of the Series D round, is expected to be led by Vertex Ventures, the venture capital arm of the government of Singapore-backed investment giant Temasek, and an existing investor, The Economic Times reported. The round is expected to fetch Licious a valuation of $250-300 million.
Bengaluru-based Licious had raised $25 million in Series C round in September last year from Bertelsmann India Investments, Vertex Ventures, UCLA, Mayfield India, 3one4 Capital, Sistema Asia Fund and InnoVen Capital.
Founded in 2015, Licious runs an end-to-end business model ranging from procuring fresh produce to processing, storage and delivery. The company owns the entire back-end supply chain and uses cold chain control to maintain the quality and freshness of each product.
INDIA DEAL MONITOR
Here are some of the prominent venture capital transactions in India between December 5- December 9.