What is Licious?
Founded in 2015, Licious is a specialized meat and seafood company headquartered in India that has revolutionized the supply chain for fresh protein. By leveraging a technology-driven, farm-to-fork model, the company ensures quality control and transparency, addressing critical gaps in the traditional meat retail market. Licious has established a strong market position by prioritizing hygiene, freshness, and convenience, effectively digitizing a traditionally fragmented sector. Its business model integrates end-to-end cold chain management, which has become a benchmark for quality in the Indian food-tech ecosystem.
How much funding has Licious raised?
Licious has raised a total of $488M across 8 funding rounds:
Angel/Seed
$1M
Series A
$3M
Series B
$10M
Series C
$25M
Series D
$25M
Series E
$30M
Series G
$52M
Series F
$342M
Angel/Seed (2015): $1M with participation from Mohandas Pai
Series A (2016): $3M led by Mayfield
Series B (2017): $10M supported by Mayfield, Sistema Asia Capital, Neoplux Technology Fund, and 3One4 Capital
Series C (2018): $25M featuring Bertelsmann India Investments, Mayfield, UCLA, Vertex Ventures, Innoven Capital, Sistema Asia Capital, and 3One4 Capital
Series D (2018): $25M backed by Bertelsmann India Investments, Vertex Ventures, Nichirei, and 3One4 Capital
Series E (2019): $30M with participation from Sistema Asia Fund, Bertelsmann India Investments, Vertex, and 3one4 Capital
Series G (2021): $52M led by IIFL AMC
Series F (2022): $342M supported by 3one4 Capital, Multiples Alternate Asset Management, Amansa Capital, Axis Growth Avenues, Vertex Ventures, Brunei Tourism, Bertelsmann India Investments, Kotak PE, and AIF
Key Investors in Licious
3one4 Capital
3one4 Capital is a venture capital firm focused on supporting early-stage, mission-oriented companies in India that aim for inclusive value creation and sustainable growth.
Multiples Alternate Asset Management
Multiples is an India-focused investment advisory firm managing private equity funds, known for its entrepreneurial mindset and deep involvement in nurturing portfolio companies.
Amansa Capital
Amansa Capital is a Singapore-based fund management company that emphasizes bottom-up research to identify quality, long-term investment opportunities across the Asian market.
What's next for Licious?
With the infusion of $342M, Licious is well-positioned to accelerate its strategic objectives, which likely include expanding its geographic footprint and diversifying its product portfolio. The company's focus on enterprise-level scaling suggests a move toward deeper market penetration and potential optimization of its logistics network. As Licious continues to mature, the emphasis will likely shift toward achieving operational profitability while maintaining the high standards of quality that have defined its brand. The ongoing support from institutional investors provides the necessary runway to navigate market volatility and capitalize on the growing demand for premium, safe, and traceable food products in India.
See full Licious company page
