Licious raises $192 mn from Temasek, others at $650 mn valuation

Fresh meat and seafood startup Licious has raised $192 million in a Series F funding round led by Singapore-headquartered investment company Temasek and Multiples Private Equity. Brunei Investment Agency also participated in the round. Existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund, and Vertex Ventures Southeast Asia and India also participated in this round of fundraising.

With this round, a few early investors, including Mayfield and Nichirin, have partially exited the company, according to sources. “Some angel investors have also exited the startup in this round,” said a source close to the development.

The Bengaluru-based startup has raised