India: Licious raises $25m funding led by Bertelsmann, Vertex, others

Meat start-up Licious, run by Delightful Gourmet Pvt. Ltd, said it has raised $25 million in its Series-C funding round. The funding round was led by Bertelsmann India Investments, Vertex Ventures Southeast Asia and India along with UCLA and existing investors Mayfield India, 3one4 Capital, Sistema Asia Fund and InnoVen Capital.Mint had reported that the gourmet meat start-up was in talks to raise between $25-$30 million from new and existing investors earlier this month, citing sources aware of the discussions.