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Licious in talks to raise USD 25-30 Mn funding

Dec 9, 2019 by The Passage Team
Licious in talks to raise USD 25-30 Mn funding

Seafood and meat brand Licious is in advanced stages of closing a fresh $25-30 million (₹180-215 crore) round of funding, which if successful,will be the second equity financing round the company has closed in the last 12 months.

The Series-D round is likely to be led by Vertex Ventures, the venture capital arm of the government of Singapore-backed investment giant Temasek, and an existing investor in Delightful Gourmet, which owns and operates Licious, according to sources briefed on the developments.

Vertex is likely to invest in Licious from its Vertex Growth Fund, which announced the final close of its inaugural investment vehicle at $290 million in September this year, according to sources cited above. The VC firm had previously invested in Licious from its Vertex India and Southeast Asia fund.

Source: Economic Times

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