Existing investors also participated in the round along with prominent angel investors including Nithin & Nikhil Kamath of Zerodha, BoAt’s Aman Gupta and Haresh Chawla, Partner, True North.
Unicorn startup Licious, which sells meat products and seafood, said Tuesday it has raised $150 million (about Rs 1,140 crore) led by Singapore-based Amansa Capital for business growth.
Other major investors in the Series F2 funding round include Kotak PE and Axis Growth Avenues AIF – I. Existing investors also participated in the round, along with prominent angel investors including Nithin & Nikhil Kamath of Zerodha, BoAt’s Aman Gupta and Haresh Chawla, Mate, True North. This fundraising round comes just 6 months after the company became the first D2C (direct-to-consumer) unicorn in the country, Licious said in a statement. licious, unicorn companies, licious funding, amansa capital, kotak PE, axis growth avenues AIF, D2C start-up in India
The funds raised through Series F2 will be used for investments in the technology intervention that will aid the development of categories and improve the overall customer experience.
The company will also invest in the strategic acquisition and expanding the reach of the brand. “Today, Licious is the most highly regarded D2C start-up in India. This recognition is a direct result of the value we have created for our stakeholders – investments made to build the category have brought us rich dividends and fueled the growth of the company and its people,” co-founders Vivek Gupta and Abhay Hanjura, Licious, said.
By July 2021, Licious had raised $192 million in their Series F financing round. In October 2021, the company achieved a valuation of $1 billion after receiving $52 million in funding.
This post Licious raises USD 150 million from Amansa Capital, Kotak PE, others was original published at “https://www.financialexpress.com/industry/licious-raises-usd-150-mn-from-amansa-capital-kotak-pe-others/2461483/”