2015
Bengaluru (India)
Series G
Licious is India’s leading direct-to-consumer (D2C) platform for fresh meat and seafood delivery. The company’s core offerings include a wide range of fresh meats (chicken, mutton, and more), seafood (fish, prawns, crabs), ready-to-cook marinated products, cold cuts, eggs, and meat-based snacks.
What sets Licious apart is its vertically integrated, farm-to-fork supply chain model. The company controls every step from sourcing directly from local farms and fishermen, to processing, packaging, and home delivery. This end-to-end control ensures stringent quality, hygiene, and freshness, addressing long-standing issues of adulteration and inconsistency in India’s meat market. Licious uses robust cold chain logistics to guarantee freshness, delivering products within 24 hours of processing-never frozen or preserved.
Its primary revenue streams are :
B2C: Urban, middle- and upper-class consumers seeking premium quality, convenience, and hygiene.
B2B: Restaurants, hotels, and catering businesses requiring bulk, reliable supply.
Licious’s growth is driven by:
Market Expansion: Entering new cities and regions, and opening physical stores to increase reach.
Product Diversification: Regularly launching new product categories, such as ready-to-eat and meat-based snacks.
Technology & Customer Experience: Investing in a seamless digital platform, real-time order tracking, and personalized recommendations.
Strategic Partnerships: Collaborating with local farms, restaurants, and logistics providers to strengthen the supply chain and expand B2B sales.
Brand Loyalty: Building a strong, premium brand through quality assurance, customer engagement, and subscription services.
Licious stands out in the Indian meat and seafood market due to:
End-to-End Supply Chain Control: Unlike many competitors, Licious manages sourcing, processing, and delivery, ensuring consistent quality and traceability.
Premium Positioning: Focus on hygiene, freshness, and convenience, allowing for premium pricing.
Technology Integration: User-friendly app and website, real-time tracking, and personalized offers enhance customer experience.
Quality Assurance: Stringent quality checks and cold chain logistics distinguish Licious from traditional butchers and even online competitors like FreshToHome, Zappfresh, and BigBasket.
Licious exemplifies successful disruption in a traditionally unorganized sector through vertical integration, technology, and a sharp focus on quality. Its robust business model, recurring revenue streams, and rapid expansion position it as a market leader with strong growth prospects in India’s $80 billion meat and seafood market.
$490 Million
11
$150 Million, Series G
as of March 14, 2022
$1.46 Billion
as of September 21, 2023
3.06
as of September 21, 2023
Mayfield
and 2 more1745
Bevzilla
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
March 14, 2022 | Series G | $150 Million | $1.5 Billion | $94.8 Million | 14.2x | Temasek, Multiples Alternate Asset Management, 3one4 Capital, Vertex Growth, True North |
February 23, 2022 | Series G | $1.2 Million | $1.2 Billion | $91.7 Million | 13.3x | Gruhas |
October 5, 2021 | Series G | $52 Million | $921 Million | $79.5 Million | 11.0x | Avendus, 360 One, Transaction Square |
June 12, 2021 | Series F | $192 Million | $547 Million | $67 Million | 5.2x | Multiples Alternate Asset Management, Temasek, Vertex Ventures, 3one4 Capital, Vertex Growth, Bertelsmann India Investments, Bertelsmann Investments, QED Innovation Labs |
June 6, 2020 | Series E | $56 K | $268 Million | $29 Million | 9.4x | xto10x |
December 16, 2019 | $30 Million | $285 Million | $17.4 Million | $17.4 Million | 14.5x | Vertex Growth, 3one4 Capital, Bertelsmann India Investments, Vertex Ventures, Sistema Asia Capital, Sistema |
December 7, 2018 | Series D | $25 Million | $150 Million | $9.6 Million | 13.1x | 3one4 Capital, Bertelsmann India Investments, Vertex Ventures, Sistema Asia Capital, Sistema |
September 26, 2018 | Series C | $25 Million | $72 Million | $8 Million | 6.0x | Bertelsmann India Investments, Vertex Ventures, Mayfield, 3one4 Capital, Innoven Capital, Sistema Asia Capital, Sistema |
March 7, 2017 | Series B | $10.3 Million | $31.4 Million | $1.8 Million | 10.5x | Mayfield, 3one4 Capital, Shinhan Venture Investment, Sistema Asia Capital, Sistema |
April 21, 2016 | Series A | $1.8 Million | $8.2 Million | $10 Million | $355 K | Mayfield |
June 10, 2015 | Seed | $1.8 Million | $7.5 Million | Fireside Ventures |