Licious

Licious founders Abhay Hanjura and Vivek Gupta said in a statement that they are on their journey to being an IPO-ready company

Licious, founded in 2015, is the latest to join the queue for India's IPO market after a blockbuster year for listings in 2024 when more than $20 billion was raised by local firms

This growth is majorly fueled by the launch of 17 native GenAI language models in India, a 4.6 times surge in GenAI services

As quick commerce reshapes retail, Nykaa, Licious, and Myntra are testing ultra-fast delivery models to cater to growing consumer demand across various product categories

Licious plans to first establish a strong offline presence in Bengaluru before expanding to cities like Chennai and Mumbai

The Bengaluru-based fresh meat company has over 500 Licious stores opening across 20 cities in the next five years as it targets operating profit by the end of the current financial year

The meat and seafood startup is looking to achieve Ebitda profitability by March this year

The affected employees were informed on Friday. Licious has offered two months of compensation, along with the variable payout for FY 2024, to the retrenched employees, said the company

Meat and meat products online platform Licious expects its revenue to cross the Rs 1,500 crore mark in 12 months but it is not planning an initial public offer before 2025-26, according to company co-founder Vivek Gupta. The company, which serves 28 Indian cities, including Bangalore, Hyderabad, Delhi-NCR, Chandigarh, Mumbai, Pune, Chennai and Kolkata, through its online channel, is also looking to have presence through offline retail stores besides expanding its product offerings. "We are right now at around Rs 1,000 crore run rate. In 12 months maybe we should look at Rs 1,500 crore kind of run rate," Gupta told PTI when asked about revenue growth guidance. He further said, "In the last 12 months also we would have grown more than 50 per cent and that is how we look at. Every point of time revenue run rate goes up by 50 per cent in a 12-month period, is what I will continue to look at even in the future." In the ongoing fiscal, Gupta said Licious will cross the Rs 1,000 crore ...

The plant-based meat market in India is likely to touch $500 million in three years, according to analysts.

Pawfectly Made will continue as a separate entity with its own production processes and supply chain, Licious comes in as strategic partner

Present in raw and fresh meat and seafood, marinades and ready-to-eat categories, Licious said it is set to disrupt this highly underserved market.

Full-stack issuance platform backed by a syndicate of global marquee investors

Employees can liquidate the ESOPs anytime without terms and conditions, said the meat and seafood company.

Licious has successfully delivered to more than 2 million unique customers to date

Direct-to-consumer (D2C) platform Licious on Tuesday said it has raised $52 million to become Indias first D2C unicorn.

The programme is designed to enable wealth creation opportunities for over 600 employees

Existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund, and Vertex Ventures Southeast Asia and India also participated in this round of fundraising.

While organised meat startups claim 100% traceability of their products with full biosecurity, unorganised meat market has taken a beating, going down by 20-25%

Average ticket size of these investments is expected to be $10 mn