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What is the history of Licious?

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What is the history of Licious?

Licious is India’s most essential D2C Unicorn, settled in Bengaluru, Karnataka, India. The association manages a home to-fork model, with an all out back-end creation connection and cold chain. It serves in excess of 25 Indian metropolitan areas including Bengaluru, Hyderabad, Delhi, Gurugram, Faridabad, Noida, Mumbai, Pune, Chennai, Chandigarh, Jaipur, Coimbatore, Kochi, Visakhapatnam, Vijayawada, Pondicherry and Kolkata. The affiliation has 5 administering places, each at Hyderabad, Mumbai, Gurugram and 2 at Bangalore. Licious is supported with the FSSC22000 UKAS endorsement for food making due.

Licious is the basic relationship nearby to guarantee full ESG consistence. For this, the association has sent a social event which is sincerely pursuing accomplishing the objective. In late 2021, Licious collaborated with the World Animal Protection India relationship to sign a ‘Confirmation to Chicken Welfare’. Licious is the critical Indian brand to really commit this commitment. In December 2021, the affiliation 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 encounter like no other. The store similarly hardens Licious Kitchen – a space that licenses clients to encounter the maintained RTC level of dishes cooked and served. To look at the more such subjects in general, follow whatisss.

History

Licious, moved by Delightful Gourmet Pvt Ltd, was spread out in July 2015 by Abhay Hanjura and Vivek Gupta and formally delivered off in October of that very year. Abhay Hanjura and Vivek Gupta truly worked for Futurisk Insurance and Helion Ventures openly. Hanjura holds a degree in Biotechnology and is a past student of Insurance Institute of India. Vivek is a position holding trade graduate and contracted delegate.

The licensee works five overseeing associations, with regions in Bengaluru (2), Mumbai (1), Hyderabad (1) and Gurugram (1), and in excess of 90 dissipating places in all business locale. The association has and sorts out an all back-end store connection, and keeps a staggering debasement secure control to remain mindful of the quality and inventiveness of its things. Also, see What Is Brisket.

Award

Television on Lycius Received seed understanding of ₹6.9 crore ($1 million) from Mohandas Pai, Manipal Global Education Services and monetary expert Kanwaljit Singh.

In 2016, the association raised a Series An improvement of supporting of generally ₹21 crore ($3 million) from Mayfield Capital and 3one4 Capital.

In the urgent quarter of 2017, Licious got a Series B round of contribution worth ₹69 crore ($10 million) from existing and new money 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 undertaking round. The round was driven by Bertelsmann India Investments and Vertex Ventures Southeast Asia and India (part of the asset’s Vertex Holdings association). The University of California, Los Angeles (UCLA) in this way situated resources into the collusion close by existing money 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 speculation. The round was driven by the Nichirei Group, a directly recorded mix from Japan. Existing financial assistance 3one4 Capital, Bertelsmann India Investment, Vertex Ventures South Asia and India, UCLA and Sistema Asia Fund were different assistants.

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

In October 2021, Licious really impacted the viewpoint by arising as India’s most huge D2C unicorn.] The development driven, D2C new creature protein brand has amounted to $52mn in supporting driven by IIFL AMC’s Late Stage Tech Fund. Dollar valuation accomplished. Avendus FLF likewise took part in the round.

In March 2022, Lici expanded 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 financial benefactors have as such participated in the round, including driving secret accessories including Nitin and Nikhil Kamath of Zerodha, Aman Gupta and Haresh Chawla of BoAt. Extra, True North.

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