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Licious Results: Licious sees losses narrow 38%, revenues advance 9.5%, ET Retail

Licious Results: Licious’s total expenses for FY23 stood at Rs 1,309.3 crore, up from the Rs 1,191.5 crore it had spent the previous year. Cost of materials consumed, which in Licious’s case would mostly constitute the purchase of meat and fish products, totalled Rs 644.7 crore, against Rs 554.3 crore in FY22. ....

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licious results: Licious's losses narrow 38%, revenues advance 9.5%

Liciouss total expenses for FY23 stood at Rs 1,309.3 crore, up from the Rs 1,191.5 crore it had spent the previous year. Cost of materials consumed, which in Liciouss case would mostly constitute the purchase of meat and fish products, totalled Rs 644.7 crore, against Rs 554.3 crore in FY22. ....

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Licious Raises $52 Million To Become India's First Direct-To-Consumer Unicorn

Fresh meat and seafood brand Licious on Tuesday announced that it has raised $52 million in 'Series G' round led by IIFL Asset Management's Late Stage Tech Fund. ....

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Licious becomes India's 30th unicorn in 2021; first D2C startup to enter the club

D2C has the obvious advantage of direct consumer connect that helps them identify gaps and position their products accordingly ....

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Licious draws funding interest at post-money valuation of $800 million

Licious draws funding interest at post-money valuation of $800 million
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Synopsis
Private equity investors Multiples PE, Premji Invest and Goldman Sachs are looking to invest a combined $150-200 million in Licious at a post-money valuation of $800 million.
ETtech
Founded in 2015 by Vivek Gupta and Abhay Hanjura, Licious has entered the ready-to-eat market after establishing a presence in the fresh meat and seafood segments. (Illustration: Rahul Awasthi/ETtech)
Mumbai: Private equity investors Multiples Alternate Asset Management, Premji Invest and Goldman Sachs are looking to together invest $150-200 million (Rs 1,125-1,500 crore) in meat and seafood brand Licious, people close to the development said. ....

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