Meat delivery startup Licious raises $52-M; turns unicorn

Bangalore-based online meat ordering company Licious has raised USD 52 million in a round led by IIFL AMC's late-stage tech fund at a valuation of a billion dollars, making it the first unicorn in direct-to-consumer (D2C) space.​ The start-up will be utilising the fresh capital to invest in technology for supply chain excellence, product innovation, talent, and vendor partner upgrades. The current round follows a USD 192 million Series F round led by Temasek and Multiples PE. Brunei Investment Agency also participated in the round along with existing investors 3ONE4 Capital, Bertelsmann India Investments and Vertex Ventures.