Licious eyes funding of $150-200 million from private equity investors

Licious plans to use the proceeds from the primary deal to fuel expansion and expand its product offerings. Three private equity investors are considering a joint investment of $150-200 million (Rs 1,125-1,500 crore) in meat and seafood brand Licious.

The funding from Multiples Alternate Asset Management, Premji Invest and Goldman Sachs will value Licious at $800 million post investment.

The Bengaluru-based company plans to use the proceeds from the primary deal to fuel expansion and expand its product offerings, sources told the publication.

The Vertex Ventures and 3one4 Capital-backed company are also in talks with other global investors, and the details of the deal will be finalised later. Licious has hired investment bank Avendus Capital to look for investors.