Licious raises $150 Mn in ext Series F round

Direct-to-consumer meat and seafood brand Licious has raised $150 million in Series F2 round led by Singapore-based Amansa Capital for business growth. Other major investors include Kotak PE and Axis Growth Avenues AIF - I.

Existing investors have also participated in the round along with prominent angel investors, including Nithin and Nikhil Kamath of Zerodha, BoAt's Aman Gupta and Haresh Chawla, Partner, True North.

This round of fundraising comes just 6 months after the company became the first D2C unicorn in the country, Licious said in a statement.

The proceeds will be utilised for investment in the technological intervention that will help category development and improve the overall customer experience, said Licious in a press statement. The company will also invest in strategic acquisition and widening the brand's reach. 

Bengaluru-based Licious operates in 16 cities, including Bengaluru, NCR, Mumbai, Hyderabad and Chandigarh. The seven-year-old company has built a farm-to-fork model including handling the entire back-end supply chain. Early last year, it had also forayed into the ready-to-eat segment. 

In July 2021, Licious had raised $192 million in its Series F round.