Licious

Licious FY24 loss drops by 44%, 3rd party channel closures impact revenue

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

Nykaa, Licious pilot fast delivery services to meet growing consumer demand

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 expands offline presence, plans to open 25 stores in FY25

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

Licious gears up for IPO with new CFO Karishma Gupta, profit pursuit

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

Meat startup Licious eyes IPO in 24 months, 500 stores in 5 years

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

Licious lays off 3% of its workforce amid restructuring exercise

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

Licious expects Rs 1,500 cr revenue in 12 months, IPO not before 2025-26

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 ...

Licious launches D2C plant-based meat brand, eyes pole position within a yr

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

D2C unicorn Licious invests in fresh pet food startup Pawfectly Made

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

Licious raises $150 mn to invest in technology and strategic acquisitions

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.

Embedded finance start-up Falcon eyes $30 million revenue by March 2023

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

Licious starts 'everyday vesting, anytime liquidation' ESOP for employees

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

Meat startup Licious becomes first Indian D2C unicorn with $52 mn fundraise

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

Licious becomes India's first D2C unicorn after raising $52 mn

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

Licious opens its first-ever ESOP buyback option worth Rs 30 crore

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

Licious raises $192 mn from Temasek, others at $650 mn valuation

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

Meat startups move to stem bird flu fear, give assurance on poultry quality

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%

VC firm Bertelsmann India to invest in up to four startups in next 12 mths

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

3one4 Capital launches $100 million fund to back early-stage start-ups

Fund will be invested in about 30 start-ups in areas such as health, machine-driven intelligent services, edtech, agritech, and logistics with an average ticket size between $500,000 and $4 million

Stay-at-home consumers push ready-to-eat sales; segment may double in 2 yrs

As safety and hygiene gains importance in the Covid-19, ready-to-cook and ready-to-eat segments, be it instant noodles, pasta, snacks, frozen foods, or do-it-yourself meals, are flying off the shelves