
Amid Seasonal Fishing Bans, Licious Keeps Seafood Flowing with Robust Coast-to-Coast Supply Chain
The 61-day bans in place from April 15 to June 14 on the East Coast and from June 1 to July 31 on the West Coast enable marine ecosystems to regenerate in peak breeding season. This has led to supply visibly reducing with wet markets & traditional vendors. This has led to price rises of 40% to 80% in markets with consumers purchasing for household consumption across Odisha, Andhra Pradesh, Tamil Nadu, and other areas.
Licious' supply chain strategy combines daily-demand forecasting, regional rerouting, and one of India's first and most advanced 0-4 degrees centigrade cold chains, enabling continued availability when others scale down.
'Our goal isn't to bypass the system, but to work within it. We choose to source same day catch from small boats and follow all government regulations when it comes to mechanised trawling while meeting customer demand across 20+ cities. During the ban, we leverage our in-house planning and demand forecasting mechanisms for an agile supply chain. In practice, that means moving fish from Kochi to Delhi overnight or rerouting via Tuticorin when East Coast hubs are restricted,' said Abhay Hanjura and Vivek Gupta, Founders - Licious.
Licious sources from multiple landing sites across Kerala, Andhra Pradesh, Tamil Nadu, West Bengal, Karnataka, Gujarat, Maharashtra, Odisha, and Goa - reducing overfishing and ensuring availability with 150+ cuts of fish and seafood. The company moves its inventory using a combination of truck, rail, and air transport, supported by a national cold chain infrastructure maintained at 0-4°C to keep products fresh and not frozen.
Unlike the broader market, which sees product shortages in this period, Licious' graded and quality-assured range assures availability of 94 fish species. This includes favourites like Seer, Pomfret, Anchovies, Mackerals, and Pink Perch among others. Underlying the Licious supply chain is a demand model built on hyperlocal insights too; e.g., Vishu in Kerala drives demand for specific regional catches, while Bengali-dominated neighborhoods see spikes in freshwater fish consumption around Poila Boishakh.
India's fish and seafood industry remains largely unorganised, with supply chains vulnerable to seasonality, policy driven restrictions, and logistical complications. With marine fish shelf life being extremely short, forecasting errors lead to waste, and that is what the Licious network is designed to prevent. Our operations during the fishing ban also point to an alternative approach that is both compliance-first and demand-led.
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Time of India
6 days ago
- Time of India
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Mint
19-07-2025
- Mint
Blissclub's Minu Margeret is building an inclusive apparel brand for every woman
It's on an unusually warm Friday afternoon in May that I make my way to the head office of women's apparel company Blissclub in Bengaluru's HSR Layout. The office is staffed with Gen Z and young millennials and kitted with a table tennis table. The founder and CEO of the brand, Minu Margeret, looks ready to step out for a spot of badminton in her black shorts and green T-shirt. It's pure coincidence that I am meeting Margeret, 35, a few days after the D2C company, founded in 2020, successfully raised ₹45 crore in its Pre-Series B round funding. According to multiple reports online, the round had existing investors Elevation Capital and Eight Roads Ventures participating along with debt funding from Alteria Capital. This infusion of funds comes after a shaky period in 2023-24 that saw more than a dozen employees being laid off in January. It is timely and Margeret doesn't hide her enthusiasm. 'These funds will help us take some bets on new launches. It'll help us look at expanding our offline stores as well," she says. Some of the most recent developments include Blissclub signing actor Karisma Kapoor as its brand ambassador and the launch of two new product categories: the luxury travel edit comprising jackets, tanks, pullovers and straight pants, and its AirMelt™ collection of tees, joggers, shorts, co-ord sets and zippered jackets, in a proprietary fabric. With a market valuation of ₹600crore —the company did not divulge its current annual earnings—Blissclub is a leading name among homegrown activewear brands such as HRX, Aastey, Silvertraq and Cava Athleisure. Being a size-inclusive brand, products such as the 'Ultimate Leggings" and 'Ultimate Flare Pants" have developed a cult-like following. 'When I decided to launch the branch, I wasn't looking to build performance wear for athletes. I was building a brand for every woman who is constantly juggling multiple things at the same time," says Margeret. Starting off as a D2C activewear brand in the initial years, the brand has expanded into citywear, swimwear, travel and innerwear categories as well. Additionally, from being an internet-first brand, Blissclub today has 15 brick-and-mortar stores in India. As a women's only activewear brand, a key factor that has helped Blissclub establish its foothold quickly is listening closely to the feedback from its customers, or 'Bliss Queens", as Margeret prefers to call them. This has translated into products with thoughtful features. 'We had women asking us to design activewear for Indian bodies that are not as lean or tall as our Western counterparts. We also had women asking us to make clothes that were built not just for Bengaluru's pleasant climate but also for Chennai or Mumbai's humidity and the dry heat of Delhi," shares Margeret about insights gleaned from early interactions. 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'Everything revolves around her now." QUICK 3 An item of clothing you'll always pack: Black leggings Your favourite way to destress: Swimming A recent series you enjoyed: 'The Last of Us'


Time of India
30-06-2025
- Time of India
Eggoz raises $20 million funding led by Gaja Capital
Egg brand Eggoz has raised $20 million (about Rs 167 crore) in fresh capital, with mid-market private-equity firm Gaja Capital anchoring the round. Key existing backers IvyCap Ventures, Rebright Partners, Avaana Capital, Merisis Opportunities Fund, Nabventures, Blue Dot Capital and Artek Chemicals, have also participated in the round, people familiar with the deal told company will be using the funds to penetrate deeper into the current markets in which it is already present, which includes major cities in North India, Bangalore, Hyderabad and Chennai in South India and Mumbai and Pune in the it will expand its business to East India in the coming months. 'The fund utilisation will be primarily to invest in growth which is to expand market footprint,' a source quoted above latest round brings the total fund raised by the Gurugram-based company to over $29 million. In 2022, Eggoz had raised $8.8 million in Series B funding, which was a mix of primary investment and secondary share sale, led by Mumbai-based IvyCap the financial year 2024-25, Eggoz reported a net revenue of Rs 130 crore which grew 76% year-on-year from Rs 74 crore reported in FY24. In the March quarter of FY25, the company achieved an Ebitda breakeven. This net revenue refers to the total revenue generated for the year after considering distribution margin, discounts given to customers, commissions to quick commerce platforms, was founded in 2017 by IIT Kharagpur alumni Abhishek Negi, Aditya Singh, and Uttam Kumar, the company has a presence in 11 cities. The brand sells premium eggs online , especially quick commerce, and offline through organised trade channels. In the last two years, the company has been growing fast on quick commerce platforms, according to the source quoted earlier."Eggoz has built mutual quality check guidelines with the quick commerce platforms to ensure the hygiene is maintained and the quality of the eggs are not compromised," the person cited above added, when asked about the ongoing hygiene issues in quick commerce dark stores in various this segment, other key players include Temasek-backed Licious, Coimbatore-based Suguna Chicken and Temasek and Venturi Partners-backed Country Delight's private label eggs. Bengaluru-based Licious, which also sells meat and seafood, is seeking to become profitable as it prepares to list in 2026. The firm is targeting a valuation of more than $2 billion in the listing.