Private Equity firms may invest $150-200 million in Bengaluru-based Licious

  • Three private equity investors are considering a joint investment of $150-200 million in meat and seafood brand Licious.
  • The fund will be used used to fuel Licious’s growth and expand its business and product offerings.
  • The Vertex Ventures and 3one4 Capital-backed company are in talks for investment and it has hired Avendus Capital to find investors.

Three private equity investors are considering joint investment in meat and seafood brand Licious worth $150-200 million (Rs 1,125-1,500 crore).

The fund from the primary deal would be used to fuel Licious’s growth and expand its product offerings and product offerings.

According to The Economic Times, Licious will be valued at $800 million after the funding from Multiples Alternate Asset Management, Premji Invest, and Goldman Sachs.

In January 2021, the startup had completed funding of $80 million from new and existing investors. Licious an online meat and seafood ordering startup that follows an end-to-end business has confirmed that it delivers 1 million orders per month across markets and is currently present in Bengaluru, Chennai, Coimbatore, Chandigarh, Delhi-NCR, Hyderabad, Mumbai, Jaipur, and Pune.

According to the paper, Multiples may lead the financing round, which will include a new share issuance, and some early investors will sell a portion of their interest.

Also Read: Bengaluru-based FreshToHome Bags $121 Mn in a Round led by Investment Corporation of Dubai

“Previous investors will participate in this round as well,” a source told the paper. To keep their stake, some existing investors can inject small amounts of money.

The business, which is backed by Vertex Ventures and 3one4 Capital, is also in talks with other global investors, and the terms of the deal will be finalized later.

Licious has enlisted the support of investment firm Avendus Capital to find investors.

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