Ltd, said it has raised $25 million in its series C funding round. Mint reported on 11 September that the start-up is in talks to raise between $25 million and $30 million from new and existing investors. Before that, it had raised seed funding, followed by Series A funds of $3 million from 3one4 Capital and Mayfield Capital. “Direct-to-consumer fresh food start-ups are redefining how India produces, distributes and buys food. We have strong conviction in the founding team’s vision and strategy to build Licious as the most trusted brand for fresh food and gourmet food products in India,” said Pankaj Makkar, managing director of Bertelsmann India Investments.

Source: Mint September 26, 2018 12:19 UTC