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History of Licious

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History of Licious

Licious is India’s most fundamental D2C Unicorn, got comfortable Bengaluru, Karnataka, India. The connection deals with a home to-fork model, with an all out back-end creation affiliation and cold chain. It serves more than 25 Indian metropolitan regions including Bengaluru, Hyderabad, Delhi, Gurugram, Faridabad, Noida, Mumbai, Pune, Chennai, Chandigarh, Jaipur, Coimbatore, Kochi, Visakhapatnam, Vijayawada, Pondicherry and Kolkata. The association has 5 overseeing places, each at Hyderabad, Mumbai, Gurugram and 2 at Bangalore. Licious is endorsed with the FSSC22000 UKAS approval for food managing.

Licious is the critical relationship close by to ensure full ESG consistence. For this, the connection has sent a social occasion which is really seeking after achieving the goal. In late 2021, Licious teamed up with the World Animal Protection India relationship to sign a ‘Affirmation to Chicken Welfare’. Licious is the key Indian brand to commit this obligation truly. In December 2021, the association won the Thought Leadership Award for ESG Goals.

In April 2022, License conveyed off its most head EBO in Bangalore. EBO is a one of its sort Meat and Seafood Store that offers an experience like no other. The store likewise solidifies Licious Kitchen – a space that licenses clients to experience the upheld RTC level of dishes cooked and served. To examine all of the more such subjects, follow whatisss.

History

Licious, moved by Delightful Gourmet Pvt Ltd, was fanned out in July 2015 by Abhay Hanjura and Vivek Gupta and officially shipped off in October of that very year. Abhay Hanjura and Vivek Gupta really worked for Futurisk Insurance and Helion Ventures freely. Hanjura holds a degree in Biotechnology and is a previous understudy of Insurance Institute of India. Vivek is a position holding exchange graduate and contracted delegate.

The licensee works five managing organizations, with areas in Bengaluru (2), Mumbai (1), Hyderabad (1) and Gurugram (1), and more than 90 scattering places in all business districts. The connection has and works an all out back-end store affiliation, and keeps an incredible defilement secure control to stay aware of the quality and originality of its things. Moreover, see What Is Brisket.

Grant

TV on Lycius Received seed insight of ₹6.9 crore ($1 million) from Mohandas Pai, Manipal Global Education Services and financial master Kanwaljit Singh.

In 2016, the connection raised a Series A development of supporting of overall ₹21 crore ($3 million) from Mayfield Capital and 3one4 Capital.

In the crucial quarter of 2017, Licious got a Series B round of involvement worth ₹69 crore ($10 million) from existing and new cash related help, including Mayfield India, 3one4 Capital, Sistema Asia Fund and Neoplex Technology Fund.

In September 2018, Licious raised ₹174 crore ($25 million) in a Series C endeavor round. The round was driven by Bertelsmann India Investments and Vertex Ventures Southeast Asia and India (part of the resource’s Vertex Holdings connection). The University of California, Los Angeles (UCLA) in this way positioned assets into the alliance close by existing cash related advocates Mayfield India, 3one4 Capital, Sistema Asia Fund and InnoVen Capital.

In December 2018, Licious raised one more ₹174 crore ($25 million) in a Series D round of hypothesis. The round was driven by the Nichirei Group, a straightforwardly recorded blend from Japan. Existing monetary help 3one4 Capital, Bertelsmann India Investment, Vertex Ventures South Asia and India, UCLA and Sistema Asia Fund were various accomplices.

In December 2019, License brought $30 million up in its Series E round, drove by Singapore-based Vertex Growth Fund. A few existing monetary supporters returned, including 3one4 Capital, Bertelsmann India Investments, Nichirei Corp, Vertex Ventures South Asia and India, and Sistema Asia Fund.

In October 2021, Licious truly affected the perspective by emerging as India’s most gigantic D2C unicorn.] The movement driven, D2C new animal protein brand has added up to $52mn in supporting driven by IIFL AMC’s Late Stage Tech Fund. Dollar valuation achieved. Avendus FLF in like manner participated in the round.

In March 2022, Lici extended its series F2 by 150 million. Series F2 is driven by Singapore-based Amansa Capital, Kotak PE and Axis Growth Avenue with AIF-I. Existing monetary patrons have in this manner took part in the round, including driving mystery accomplices including Nitin and Nikhil Kamath of Zerodha, Aman Gupta and Haresh Chawla of BoAt. Extra, True North.

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