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Captain Fresh raises Rs 250 crore in a pre-IPO funding roundThe funding round was led by existing investors Prosus Ventures, Accel, and Tiger Global Management. The family office of Swiggy cofounder ...- Red Lobster’s new CEO makes waves with $5 drinks, seafood boils and Sangria flightsRed Lobster is attempting a major comeback with new menu items. CEO Damola Adamolekun introduced seafood boils and drink specials. Crabfest...
- Temasek-backed Licious sets sights on $2 billion IPO in IndiaLicious, backed by Temasek Holdings Pte, aims to become profitable by 2026 as it gears up for a potential IPO valuing over $2 billion. The ...
- Online meat startup Captain Fresh raises Rs 100 crore from Motilal Oswal WealthThis funding comes after the company raised $48 million in February at a valuation of around $500 million. That round was led by Japan-base...
- Licious narrows FY24 net loss by 44%, revenue down 8% to Rs 685 croreBengaluru-based Licious attributed the revenue drop to the closure of distribution channels, especially Dunzo, along with a reduction in ex...
- D2C brands step up hiring to drive offline pushD2C (direct-to-consumer) companies in Bengaluru are increasing their offline presence and hiring talent to support their brick-and-mortar e...
- Licious turning omnichannel with five stores in Bengaluru by JuneLicious founders plan 500 stores in 5 years with 6% operating profit margin. Targeting profitability by FY25, focusing on offline strategy....
- Online seafood firm Captain Fresh acquires US-based distributorCaptain Fresh founder and chief executive Utham Gowda did not disclose the deal value, but said that his firm was fully acquiring CenSea in...
- ETtech Deals Digest: Startup funding jumps 77% to $144 million this weekStartup funding in the third week of February 2024 rose by about 77% from the same week a year ago, totaling $143.6 million across 21 diffe...
- Online seafood firm Captain Fresh raises $25 million from BII, NekkantiCaptain Fresh raises $25M in funding round led by BII and Nekkanti Seafoods Group. Utham Gowda to hold 19% stake. Matrix Partners, Ankur Ca...
- Licious lays off 80 employees as part of 'operational reset'The impacted employees are being offered two months’ salaries as compensation, along with the variable payment for FY24, it added in a stat...
- ETtech Deals Digest: No cheer in the new year as startups raise $36 million in first week of 2024Investments in startups in the first week of 2024 dropped by about 88% from the same period a year ago, totalling $35.8 million across eigh...
- Online meat startup Captain Fresh raises Rs 110 crore from Nekkanti Sea Foods, othersThe funding was done through an issue of 1,102 convertible preference shares at a price of over Rs 9 lakh each, the firm said in a filing w...
- ETtech in-depth | Lacking bite and funding, online meat ecosystem returns to the drawing boardThe potential from low online penetration and lack of organisation has seen marquee investors such as Temasek, Prosus, Tiger Global, 3one4 ...
- Licious sees losses narrow 38%, revenues advance 9.5%Licious’s total expenses for FY23 stood at Rs 1,309.3 crore, up from the Rs 1,191.5 crore it had spent the previous year. Cost of materials...
- Investcorp eyes capital boost for Licious rival FreshToHomeInvestcorp aims to more than double its private equity investments in India over the next few years and is currently looking to raise new c...
- ETtech Deals Digest: Veg, Non-VegIn this week’s ETtech Deals Digest: Online meat vendor Licious raises $19 million in a Series F round; Green grocer Fraazo receives $15 mil...
- Vertex Ventures makes first close of Southeast Asia and India-focused Fund-IV at $230 millionThe Temasek-backed SE Asia and India-focused fund is targeting a hard cap of $280 million for its latest fund.
- Begaluru based Licious partners with hyper local delivery startup Grofers, will deliver meat in 90 minutesThe startup plans to have 8-10 delivery hubs in Bengaluru, up from two now, before expanding its operations to Delhi and Mumbai next year, ...
- Seafood brand Pescafresh to create online food delivery marketplace, launch mobile appThe online site and app will come with an integrated online payment component capability, fitting in with the brand’s larger expansion plan...
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