India-based meat and seafood e-commerce platform Licious has raised $25m in a series D round led by frozen food conglomerate Nichirei, Fortune India has reported.
The round included Bertelsmann India Investments, a corporate venturing subsidiary of media group Bertelsmann, as well as diversified conglomerate Sistema’s Asia Fund, the Singaporean government-backed Vertex Ventures and UCLA.
Founded in 2015, Licious provides an online delivery service for fresh meat, spreads, pickles, marinades, fish, eggs and party food platters.
The company currently operates in the cities of Bengaluru, NCR and Hyderabad but plans to extend its offering to Mumbai and Pune by the end of 2018. It will also use the series D funding to bolster its supply chain and expand its product range.
In September 2018, Licious collected $25m in a series C round co-led by Bertelsmann India Investments, Vertex Ventures and UCLA that included Sistema Asia Fund, Mayfield India, 3one4 Capital and InnoVen Capital.
Mayfield India led the company’s $10m series B round in March 2017, investing with Sistema Asia Fund, 3one4 Capital and conglomerate Doosan, which took part through its Neoplux Technology Fund subsidiary.
Licious had initially raised $1m in a 2015 seed round before closing its $3m series A in April 2016.