India Deal Monitor: Licious in talks to raise $25-30m and more updates

India Deal Monitor: Licious in talks to raise $25-30m and more updates

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.


Here are some of the prominent venture capital transactions in India between December 5- December 9.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter