Licious Unicorn Secures Funds From Amansa Capital

A Licious unicorn that sells meat and seafood, announced on Tuesday that it has secured $150 million (about Rs 1,140 crore) in investment led by Singapore-based Amansa Capital for commercial expansion.

Kotak PE and Axis Growth Avenues AIF – I, are two other important investors in the Series F2 fundraising round. Existing investors, as well as famous angel investors, such as Nithin and Nikhil Kamath of Zerodha, Aman Gupta of BoAt, and Haresh Chawla, Partner, True North, took part in the round.

In a statement, Licious noted that this round of funding comes just six months after the firm became the country’s first D2C (direct-to-consumer) unicorn.

The money received in Series F2 will be used to support technology interventions that will aid category growth and enhance the overall consumer experience. In addition, the corporation will make smart acquisitions and expand the brand’s reach.

“Licious is now India’s most valuable D2C start-up.” “This valuation is a direct result of the value we’ve produced for our stakeholders – efforts in creating the category have paid off handsomely and accelerated development for the company and its people,” stated Licious co-founders Vivek Gupta and Abhay Hanjura.