News > Licious eyeing $80 million funding for $800 million valuation

Licious eyeing $80 million funding for $800 million valuation

Meat start-up Licious is looking to raise $80 million from new and existing investors at a valuation of $800 million. Talks are on with General Atlantic, Multiples Alternate Asset Management, PremjiInvest, and TPG to invest into the 3one4 Capital and Vertex-owned company.

A spokesperson for Licious said business surged 300 percent across product categories, adding: “the company saw 3x surge in demand across product categories and markets with the average basket size per customer growing by 30 percent.”