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videos | IST

Startup Street: Licious is India's 1st D2C unicorn and Progcap raises $30 million

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Online meat delivery company Licious on Tuesday raised $52 million at a valuation of a billion dollars, becomes the 29th unicorn to emerge out of India in 2021.

Online meat delivery company Licious on Tuesday become India's first D2C unicorn with a series G raise of 52 million dollars led by IIFL. The company had in July raised $192 million in its series F round and had become the highest-funded company in the fresh animal protein business category. Startup Street spoke to Abhay Hanjura, co-founder of Licious to talk about the new unicorn status and the company's plans.
Fintech startup Progcap that provides corporate-led last mile financing solutions in India has raised $30 million in primary equity capital as part of its series C investment round led by existing investor Tiger Global Management and Creation Investments.
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Sequoia Capital India, which led the last two funding rounds for Progcap, also participated in this financing. The company will use the new capital to build a deeper supply chain banking platform for its merchants and corporate network in India. To talk about the road ahead, Startup Street spoke to Pallavi Shrivastava, co-founder and director of Progcap.
Watch the video for more.