Online meat seller Licious, supported by the big investment firm Temasek Holdings, wants to make money before it goes public in 2026. The company, which runs Delightful Gourmet Pvt Ltd, is opening more physical stores and speeding up deliveries to compete with fast delivery services.
Licious aims to make a profit by August this year, as stated by co-founder and CEO Vivek Gupta. He mentioned, “We want to be ready for our IPO in 12 months.” Founded in 2015 and based in Bengaluru, Licious is targeting a company value of over $2 billion for its upcoming IPO. It was worth $1.5 billion during its last funding round in 2023.
India has a booming IPO market, and Licious is joining in. The company plans to use the money from its IPO to buy smaller stores and give its investors a chance to sell their shares. Almost 75% of India’s 1.4 billion people eat fish, chicken, or meat, making it a huge $26 billion meat market and a $59 billion fish market. Licious is already in 20 cities and believes people will pay more to have meat delivered to their homes instead of going out.
Currently, Licious promises deliveries in 90 minutes but is working on getting it down to just 30 minutes to compete with quick delivery services like Zomato and Swiggy.
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