Licious raises $150 million funding from Amansa Capital, Kotak PE

Licious, which sells meat products and seafood, on has raised $150 million (about ₹1,140 crore) in funding led by Singapore-based Amansa Capital for business growth, it said on Tuesday. Other major investors in the Series F2 funding round include Kotak PE and Axis Growth Avenues AIF- I.

Existing investors have also participated in the round along with prominent angel investors, including Nithin and Nikhil Kamath of Zerodha, BoAt’s Aman Gupta, and Haresh Chawla, partner, True North. This round of fundraising comes just six months after the company became the first direct-toconsumer (D2C) unicorn in the country, Licious said.

The funds raised through Series F2 will be utilised for investment in technological intervention that will help category development and improve overall customer experience. The company will also invest in strategic acquisition and widening the brand’s reach.

“Today, Licious is the highest valued D2C startup in India. This valuation is a direct outcome of the value that we have created for our stakeholders. Investments made towards building the category have borne us rich dividends and propelled growth for the firm and its people,” according to the co-founders of Licious , Vivek Gupta and Abhay Hanjura.

In July 2021, Licious had raised $ 192 million in their Series F funding round. In October 2021, the company achieved a billion dollars valuation after receiving funding worth as much as $52 million.

AXIS GROWTH, ANGEL INVESTORS, AND EXISTING INVESTORS, ALSO PARTICIPATED IN THE ROUND