Meat startup Licious becomes latest India unicorn after raising US$52m in latest funding round

INDIA –  Licious, a direct-to-consumer fresh meat and seafood brand, is the latest Indian food startup to achieve the highly sought-after Unicorn status after raising US$52 million in a Series G funding round.  The round, led by IIFL’s Late Stage Tech Fund and Avendus, takes the company to a post-money valuation of US$1.05 billion, making it the latest entrant to the coveted unicorn club of companies having more than a billion dollars in valuation.  Lucious cofounder Vivek Gupta,  told reporters in an interview that the startup planned to use the recently acquired funds to…

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Indian animal protein startup Licious raises US$192m to fund future growth plans

INDIA – Licious, a direct-to-consumer fresh meat and seafood brand, has raised US$192 million in a Series F funding round led by Singapore-based investment firm Temasek and PE firm Multiples.   Brunei Investment Agency also invested in the round, which saw participation from existing investors including 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund, and Vertex Ventures Southeast Asia and India.  Founded in 2015, Lucious operates five processing centers more than 90 delivery centers across all 14 Indian cities where it currently has a presence.  The company owns and operates the entire back-end supply chain, and controls a stringent cold chain to maintain the quality and freshness of its…

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India’s Gourmet meat startup Licious to raise US$80m to fund business expansion

INDIA – Gourmet meat startup Licious is seeking to raise US$80 million from new as well as existing investors in an effort to raise enough funds to fund its business expansion. If successful in its endevour to raise funds from investors such as TPG, General Atlantic, PremjiInvest and Multiples Alternate Asset Management, the Indian Gourmet meat startup will achieve a valuation of US$800 million. “The company is looking to raise primary capital to fund its business expansion,” a person with knowledge of the development said. Investment bank Avendus Capital has…

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