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Eyeing newer markets, meat delivery start-up Licious raises $25 million

Licious said it would use the funds to enter newer markets like Mumbai, Pune and Chennai by early next year and strengthen its product range and supply chain

Licious  co-founders Abhay Hanjura (left) and Vivek Gupta
Licious co-founders Abhay Hanjura (left) and Vivek Gupta

Licious, an online marketplace for fresh meat and seafood, has raised another $25 million in a Series-D funding round, led by Japan's frozen foods company Nichirei Corp. The Bengaluru-based startup had raised $25 million just three months ago, in September. Existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast Asia and India, UCLA, and Sistema Asia Fund also participated in the round. Licious said it would use the funds to enter newer markets such as Mumbai, Pune and Chennai by early next year and strengthen its products range and ...