Licious, the India-based operator of a meat and fish e-commerce platform, has received $25m in a round co-led by Bertelsmann India Investments, part of media group Bertelsmann, the Economic Times has reported.
The round was co-led by Singaporean government-backed Vertex Ventures and UCLA and included diversified conglomerate Sistema’s Asia Fund, Mayfield India, 3one4 Capital and InnoVen Capital.
Founded in 2015, Licious runs an online platform that sells fresh meat, fish, eggs, pickles and spreads, delivering them to a customer’s home.
The company is present in Bengaluru, NCR and Hyderabad but will use the funding to expand into the cities of Mumbai and Pune this year. It also plans to enhance its supply chain.
Licious raised $1m in a 2015 seed round featuring angel investors including Mohandas Pai and Kanwaljit Singh before adding $3m in an April 2016 series A.
Mayfield India led the company’s $10m series B round a year later, investing with Sistema Asia Fund, 3one4 Capital and Neoplux Technology Fund, a subsidiary of conglomerate Doosan.
Licious co-founders Abhay Hanjura and Vivek Gupta said in a statement: “We are extremely bullish about our plans going ahead. These funds will greatly aid us in deepening and widening our market presence and enable us to offer new products and services to our customers.”
