India’s initially direct-to-consumer (D2C) unicorn, Licious, has brought $150 million up in Series F2 financing round, driven by Amansa Capital, Kotak PE and Axis Growth Avenues AIF – I.
Existing financial backers have additionally partaken in the round alongside unmistakable private supporters including Nithin and Nikhil Kamath of Zerodha, BoAt’s Aman Gupta and Haresh Chawla, Partner, True North.
This round of gather pledges comes only a half year after the Bengaluru-based D2C meat and fish brand turned into the principal D2C unicorn in the country.
The assets raised through Series F2 will be used for interest in innovative intercession that will help class advancement and further develop generally speaking client experience. The organization will likewise put resources into key procurement and augmenting and extending the brand’s compass, the organization said in an articulation.
“We are eager to cooperate with Licious, India’s #1 D2C brand. Because of Licious’ attention on quality and solid execution, it’s effectively making an adjusted and steadfast client base. We accept under the initiative of Abhay and Vivek, Licious is best situated to serve the new meat and fish need of India. We are eager to band together with Licious on this excursion,” added S Sriniwasan, MD, Kotak Investment Advisors Limited.
Kotak Investment Advisors Limited, is a $5 billion AUM substitute resource director. They have put resources into Licious through Kotak Pre-IPO Opportunities Fund a Rs 2,000 crore reserve. Avendus went about as the restrictive monetary counselor to Licious for the exchange.
In July 2021, Licious brought $192 million up in their Series F subsidizing round, driven by Temasek and Multiples, making it the most elevated financed organization in the new creature protein business classification. Brunei Investment Agency additionally took part in the round alongside existing financial backers 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund, and Vertex Ventures Southeast Asia and India.
Not long after this, in October 2021, the organization accomplished a billion dollars valuation post receipt of financing worth $52 million drove by IIFL AMC’s Late Stage Tech Fun and Avendus FLF (Future Leaders Fund).