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What is Licious?

Licious is India’s most memorable D2C Unicorn, settled in Bengaluru, Karnataka, India. The organization works on a homestead to-fork model, with a total back-end production network and cold chain. It serves north of 25 Indian urban areas including Bengaluru, Hyderabad, Delhi, Gurugram, Faridabad, Noida, Mumbai, Pune, Chennai, Chandigarh, Jaipur, Coimbatore, Kochi, Visakhapatnam, Vijayawada, Pondicherry and Kolkata. The organization has 5 handling places, each at Hyderabad, Mumbai, Gurugram and 2 at Bangalore. Licious is licensed with the FSSC22000 UKAS certificate for food handling.

Licious is the principal organization in the district to vow full ESG consistence. For this, the organization has sent a team which is effectively pursuing accomplishing the objective. In late 2021, Licious collaborated with the World Animal Protection India association to sign a ‘Guarantee to Chicken Welfare’. Licious is the primary Indian brand to make this promise. In December 2021, the organization won the Thought Leadership Award for ESG Goals.

In April 2022, License sent off its most memorable EBO in Bangalore. EBO is a one of its sort Meat and Seafood Store that offers an encounter like no other. The store likewise includes Licious Kitchen – a space that permits clients to encounter the authorized RTC scope of dishes cooked and served. To read more such topics, follow whatisss.

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History

Licious, possessed by Delightful Gourmet Pvt Ltd, was established in July 2015 by Abhay Hanjura and Vivek Gupta and formally sent off in October of that very year. Abhay Hanjura and Vivek Gupta recently worked for Futurisk Insurance and Helion Ventures individually. Hanjura holds a degree in Biotechnology and is a former student of Insurance Institute of India. Vivek is a position holding trade graduate and contracted bookkeeper.

The licensee works five handling communities, with areas in Bengaluru (2), Mumbai (1), Hyderabad (1) and Gurugram (1), and more than 90 dissemination places in all business sectors. The organization possesses and works a total back-end store network, and keeps a severe virus fasten control to keep up with the quality and newness of its items. Also, check out What Is Brisket.

Award

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

In 2016, the organization raised a Series A series of subsidizing of roughly ₹21 crore ($3 million) from Mayfield Capital and 3one4 Capital.

In the primary quarter of 2017, Licious got a Series B round of venture worth ₹69 crore ($10 million) from existing and new financial backers, 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 venture round. The round was driven by Bertelsmann India Investments and Vertex Ventures Southeast Asia and India (part of the asset’s Vertex Holdings organization). The University of California, Los Angeles (UCLA) likewise put resources into the organization alongside existing financial backers 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, an openly recorded combination from Japan. Existing financial backers 3one4 Capital, Bertelsmann India Investment, Vertex Ventures South Asia and India, UCLA and Sistema Asia Fund were different supporters.

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

In October 2021, Licious changed the worldview by arising as India’s most memorable D2C unicorn.] The innovation driven, D2C new creature protein brand has accumulated $52mn in subsidizing driven by IIFL AMC’s Late Stage Tech Fund. Dollar valuation accomplished. Avendus FLF additionally partook 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 backers have likewise taken part in the round, including driving private supporters including Nitin and Nikhil Kamath of Zerodha, Aman Gupta and Haresh Chawla of BoAt. Accomplice, True North.

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