Licious, a Bengaluru-based consumer food company, has announced that it has raised $192 million in Temasek led Series F funding round.
Multiples Private Equity, Brunei Investment Agency along with existing investors Bertelsmann India Investments, 3one4Capital, Vertex Growth Fund and Vertex Ventures Southeast Asia and India participated in the latest funding round.
Speaking on the fundraise, Co-founders of Licious – Vivek Gupta and Abhay Hanjura, commented, “With every passing year, Licious has received overwhelming love and adoption across all cities of India. This is just the beginning of our pursuit of building an exemplary and iconic tech-led D2C brand. There is a massive opportunity to be unlocked in this large $40 billion sector, which has hitherto been devoid of safety, innovation, quality, and sustainability standards.”
Sridhar Sankararaman, Managing Director, Multiples, added, “Abhay and Vivek have revolutionised the purchase of poultry, seafood, and meat in the country, delighting customers with their promise of quality, freshness, and timely delivery. Their obsession with customers and quality gives them an eternal edge to create Licious as a category leader and as one of India’s most admired consumer brands. We are proud to be a partner in this journey.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.