BUSINESS

Licious Raises $192 Million in Series F Led by Temasek

Fresh meat and seafood e-tailer Licious on Friday said it has raised $192 million in a Series F funding round, led by Singapore-based investment firm Temasek and Multiples Private Equity.

Brunei Investment Agency also participated in the round, along with existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund, and Vertex Ventures Southeast Asia and India.
With this round, a few early investors have exited Licious.

The Bengaluru-based startup said it would deploy the funds for investment in technology-led supply chain transformation, quality improvement and customer experience elevation along with expanding presence in a more significant number of Indian cities, powering the international expansion plan, augmenting capabilities in existing markets, strengthening the omnichannel presence and new product launches.

Licious also said has seen a massive growth of over 500 per cent in the last year and delivered to more than 2 million unique customers till date.

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