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India’s Licious raises $192 million for international expansion

Licious, a Bangalore-based startup that sells fresh meat and seafood online, has raised $192 million in a new financing round as it looks to expand its footprint beyond the South Asian market.
The new round — a Series F — was led by Singapore’s investment firm Temasek and Multiples Private Equity. The round, which brings the six-year-old Indian firm’s to-date raise to over $285 million, values the startup at more than $650 million (according to a person with direct knowledge of the matter), up from $285 million in December 2019 Series E funding.
Existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund, and Vertex Ventures also participated in the new round, and some early investors sold some of their stakes.
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