- Source: Licious
Licious is an e-commerce service that sells seafood and meat, in addition to ready-to-cook and ready-to-eat products. It is operated by Delightful Gourmet Private Limited and headquartered in Bangalore. It was launched in 2015 by Abhay Hanjura and Vivek Gupta.
History
Vivek Gupta and his friend, Abhay Hanjura started Licious in 2015. It is operated by Delightful Gourmet Pvt. Ltd. In 2021, Licious became India's 29th unicorn of the year and India's first direct-to-consumer (D2C) unicorn. In October 2022, Licious launched direct-to-consumer, plant-based meat brand, UnCrave.
Funding
In September 2015, Licious received $1 million in seed investment from former Infosys Board member and CFO T. V. Mohandas Pai. In 2016, Licious received $3 million investment from Mayfield Capital and 3one4 Capital. Next year Licious raised $10 million investment from existing and new ones including Mayfield India, 3one4 Capital, Sistema Asia Fund and Neoplux Technology Fund.
In 2018, Licious raised $25 million investment from Bertelsmann India Investments and Vertex Ventures Southeast Asia & India, UCLA, also invested in the company, along with Mayfield India, 3one4 Capital, Sistema Asla Fund and InnoVen Capital. In the same year they received $25 million funding from Japan's Nichirei Group. Existing Investors 3one4 Capital, Bertelsmann India Investment, Vertex Ventures Southeast Asia and India, UCLA and Sistema Asia Fund.
In 2019 Licious raised $30 million funding from Singapore based Vertex Growth Fund. Existing investors including 3one4 Capital, Bertelsmann India Investments, Nichirei Corp, Vertex Ventures Southeast Asia, and Sistema Asla Fund.
In 2021, Licious received $192 million from Teamsek and multiple private equity. In the same year they received $52 million funding from IIFL AMC, Avendus Future Leaders Fund and became India's first direct-to-customer Unicorn.
Operations
As of March 2023, Licious operates across 20+ cities in India, serving over 1.2 million orders every month. It has processing centers located in Bangalore, Mumbai and Gurugram.
See also
List of unicorn startup companies
References
External links
Official website
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Akira Amemiya
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