Licious


Licious is a meat and seafood company headquartered in Bengaluru, Karnataka, India. The company operates on a farm-to-fork model, owning the entire back-end supply chain and cold chain. It operates across Bengaluru, Hyderabad, Delhi, Gurugram, Faridabad, Noida, Mumbai, Pune, Chennai and Chandigarh.
, it has four processing centers, one of each in Bengaluru, Mumbai and Gurugram.
Licious is recognised with the FSSC22000 UKAS certification for food safety.
In 2019, Licious began to sell meat offline with two Experience Centres – one in Gurugram's Galleria Market and the other at Bangalore's Ascendas Park Square Mall.

History

Licious, owned by Delightful Gourmet Pvt Ltd., was founded in July 2015 by Abhay Hanjura and Vivek Gupta and officially launched in October of the same year.
Vivek Gupta and Abhay Hanjura had previously worked for Futurisk Insurance and Helion Ventures. Hanjura has a biotechnology degree and is an Indian Institute of Insurance alumnus. Vivek is a rank-holding commerce graduate and chartered accountant.
Licious operates three processing centres, whose locations are in Bengaluru, Mumbai and Gurugram, and more than seventy delivery centres across Bengaluru, Hyderabad, Delhi, Gurugram, Noida, Faridabad, Mumbai, Chennai and Pune. The company owns and operates the entire back-end supply chain, and controls a stringent cold chain to maintain the quality and freshness of its products.

Funding

Licious received a seed investment of ₹6.9 crore from T.V. Mohandas Pai, Manipal Global Education Services and entrepreneur Kanwaljit Singh.
In 2016, the company raised a Series A round of funding of about ₹21 crore from Mayfield Capital and 3one4 Capital.
In the first quarter of 2017, Licious received a Series B round of investment with ₹69 crore from existing and new investors, including Mayfield India, 3one4 Capital, Sistema Asia Fund and Neoplux Technology fund.
In September 2018, Licious raised ₹174 crore in a Series C round of investment. The round was led by Bertelsmann India Investments and Vertex Ventures Southeast Asia & India. The University of California, Los Angeles, also invested in the company along with existing investors Mayfield India, 3one4 Capital, Sistema Asia Fund and InnoVen Capital.
In December 2018, Licious raised another ₹174 crore in a Series D round of investment. The round was led by Japan's publicly listed conglomerate Nichirei Group. Existing investors 3one4 Capital, Bertelsmann India Investment, Vertex Ventures Southeast Asia and India, UCLA and Sistema Asia Fund were other contributors.
In December 2019, Licious raised $30 million in its Series E round, led by Singapore-based Vertex Growth Fund. Several existing investors returned, including 3one4 Capital, Bertelsmann India Investments, Nichirei Corp, Vertex Ventures Southeast Asia and India, and Sistema Asia Fund.

Awards and recognition

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