The Bertelsmann and Sistema-backed farm-to-fork produce provider pushed its valuation past the $1bn mark in a round led by IIFL AMC.
Licious, a India-based fresh food and ingredients retailer which counts media company Bertelsmann, frozen food producer Nichirei and conglomerates Sistema and Doosan as backers, has raised $52m in funding, Entrackr reported yesterday.
The round was led by asset management firm IIFL AMC’s Late Stage Tech Fund and valued the company at over $1bn.
Founded in 2015, Licious sells food products including meat, produce, seafood and marinades directly to consumers through a farm-to-fork model across 14 cities in India.
Temasek and…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
