Licious raises $25 mn in round led by Japan’s Nichirei, others

BENGALURU: Gourmet meat start-up Licious, run by Delightful Gourmet Pvt. Ltd, has raised $25 million in a Series D round led by Japan’s Nichirei Corp., to help grow its footprint.

Existing investors, including 3one4 Capital, Bertelsemann India Investments and Vertex Ventures Southeast Asia and India, also participated in the round, Licious said in a statement on Monday. The money will be used to expand operations across seven new cities, including Mumbai, Pune and Chennai, it said. Licious currently caters to customers in Bengaluru, Delhi-ncr and Hyderabad.

“Building a transformational and category-leading food brand in an extremely complex environment requires conviction and inventive thinking, and we are glad we are on the right path. These funds will greatly aid our vision to build an Indian food brand with a global outlook,” said Abhay Hanjura and Vivek Gupta, co-founders, Licious.