Latest news with #Licious
Time of India
30-06-2025
- Business
- 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.
Economic Times
30-06-2025
- Business
- Economic Times
Eggoz raises $20 million funding led by Gaja Capital
iStock 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 West. Further, 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 said. The 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, etc. Eggoz 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. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Someone has to cut the cheque for Zepto to grow. Who's that? Drones have become a winning strategy in war; can they be in investing? Punit Goenka reloads Zee with Bullet and OTT focus. Can he beat mighty rivals? Profits plenty, prices attractive, still PSU stocks languish. Why? Stock Radar: Indus Tower stock breaks out from Symmetrical Triangle pattern; could hit fresh 52-week high – check target & stop loss Mid-cap pharma space: Risk & opportunity are two sides of the same coin. 7 pharma stocks with upside potential of up to 41% History on their side: As bulls return, 50 non-Nifty stocks with a higher probability of trading income & creating wealth Beyond the one-number mirage: 7 stocks from different sectors with an upside potential of up to 24%
Hans India
03-06-2025
- Business
- Hans India
Amid Seasonal Fishing Bans, Licious Keeps Seafood Flowing with Robust Coast-to-Coast Supply Chain
Bengaluru: As seasonal fishing bans have come into effect on India's coasts, D2C meat and seafood brand Licious rerouted procurement from multiple active coasts to maintain seafood availability across urban markets amid supply drops and price spikes in multiple states. 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.
Indian Express
07-05-2025
- Indian Express
Mom shares son's hilarious homework; leaves Blinkit admin in tears: ‘Spoiling kids in a good way'
A nine-year-old's school assignment has become a funny reflection of how quickly technology is changing the way we shop. Daksh, a third grader, was given a worksheet where he had to list where his family buys different food items. But instead of varying answers for each item, Daksh stuck to 'Blinkit' as the answer for nearly every item: fruit, vegetables, rice, bread, sugar, wheat, oil, dal, milk, and even grains. The only exception was meat, for which he wrote 'Licious,' an app specialising in raw meat delivery. His mother found the answers so amusing that she shared a picture of the worksheet on Blinkit 's Instagram page, captioning it: 'Hahaha this is an absolute gem from my 9-year-old.'
NDTV
06-05-2025
- Lifestyle
- NDTV
Blinkit For Everything: Child's Homework Goes Viral, Sums Up How We Shop For Food Now
Check out this honest and hilarious homework on purchasing grocery. (Photo: Instagram/letsblinkit) Technology is rapidly changing how consumers purchase food, and a 9-year-old's school worksheet is clear proof. When Daksh, a student in class 3, was given a worksheet to fill out where his family purchased various foods, the young boy wasted no time with just one answer for all questions. Be it "fruit, vegetables, rice, bread, sugar, wheat, oil, dal, milk or grains" - against each food item, the child wrote his family purchases these from "Blinkit". On closer inspection, we find one different answer for meat, against which the child wrote "Licious"- another app specialising in raw meat. After looking at her son's worksheet, the mother found it hilarious and shared it with Blinkit on Instagram. "Hahaha this is an absolute gem from my 9-year-old," she wrote. The child's responses are proof that consumer behaviour is evolving and many people are switching to online apps to meet their grocery needs, instead of the traditional method of going to different grocery shops for wheat, oil, etc. and local street vendors for fruits and vegetables. View this post on Instagram A post shared by Blinkit (@letsblinkit) Many people found the worksheet responses relatable: "I'm not him but I'm him," an Instagram user commented on Blinkit's post. Another wrote, "Literally me lol." A third added, "I relate so hard bro." Licious commented. " Yeh toh math problem mein apna naam dekhne jaisa ho gaya ." Also Read: Woman Calls Cooking "Waste Of Money," Eats Only Restaurant Food Everyday Commenting on the honest and "pookie" response of the child, a user wrote, "The best thing I've seen on the internet today." Tagging the mother, a user wrote, "You are famous now," to which she gave a nod to her son and replied, "Not me, but definitely the brains behind this." Have you too completely switched to online food delivery for daily groceries, or continue to go out and buy them the traditional way? Share your preference in the comments below.
