Licious

Temasek-backed meat seller Licious seeks $2 billion IPO valuation

Delightful Gourmet Pvt., which operates Licious, is opening more brick-and-mortar stores, speeding up deliveries to take on quick commerce rivals

Licious reports 8% drop in revenue to Rs 685 crore in FY24 amid third-party channel closures; losses cut by 44%

Licious said the company’s focus has shifted to owned channels, as a result of which revenue was dragged down from modern trade and local stores.

Licious to acquire My Chicken and More for Rs 200 crore and deepen offline play

As part of the acquisition, Licious will have an additional 22 physical stores which will give it an edge over industry peers like Zepto, Tata BigBasket and help it compete closely with legacy players like Venkys, Nandus and others.

Is Zepto’s meat brand Relish on track to become a Rs 500 crore business? What the numbers say

Relish’s monthly sales were in the Rs 12-15 crore range from April to September which translates to an annualised revenue run rate (ARR) of Rs 144-180 crore, in contrast to Zepto’s recent comments on the vertical being a Rs 500 crore business, per internal documents accessed by Moneycontrol.

Blending bricks and clicks: How Licious, GIVA, Curefoods went omnichannel

Founders of top new age brands at the Moneycontrol Startup Conclave noted that while online presence is crucial for discovery and initial engagement, the physical experience is essential for building trust and scaling in certain categories.

Licious hits $100 million in annual revenue run rate

For its next phase of growth, Licious will focus on the ready-to-eat category and open more offline stores. It plans to open 40 stores by the end of the current fiscal.

Meat bet: Zepto wants to eat Licious’ lunch, but can it taste success?

Started less than six months back, Relish is already clocking Rs 150 crore in annual recurring revenue. The brand can be a Rs 1,000-crore business in 18-24 months, according to the company.

Temasek-backed Licious lays off 80 employees as part of operational reset

The development comes months after Moneycontrol reported that the Bengaluru-based unicorn had seen its revenues stagnate while its monthly cash burn remained unchanged.

Licious ended FY23 with a flat revenue of Rs 746 crore

To be sure, most of Licious’ costs were either higher or were largely unchanged on a year-on-year (YoY) basis.

Flat revenues and cash burn unchanged: What internal documents reveal about Licious' business

While Licious’ monthly cash burn dropped in some months, it has also seen a spike in the other, remaining largely in the Rs 22-26 crore range so far in FY24.

3one4 Capital raises $200 mn in fourth early-stage fund; adds to more VC dry powder

The fund, which was raised in two-and-a-half months despite weak market sentiments, was oversubscribed to the extent of $250 mn. The management however, decided to stick to the intended size

Licious bets on 'house of brands', launches plant-based meat brand UnCrave

India’s plant-based meat sector is expected to grow to $400 million over the next two years and there are more than 200 such meat, dairy, egg and ingredient startups in the country, Plant Based Foods Industry Association has said

The meat category suffers due to India's cultural hypocrisy: Licious Co-founder Abhay Hanruja

Online meat seller Licious faced a storm of resistance from VCs, or 'vegetarian capitalists,’ as the founders called them. Licious co-founder Abhay Hanjura says that meat continues to be carried surreptitiously in black plastic bags, like sanitary pads, condoms, and alcohol, even though a majority of Indians consume meat.

The meat category suffers due to India's cultural hypocrisy: Licious co-founder

The firm faced a storm of resistance from VCs, or 'vegetarian capitalists,’ as the founders called them. Licious co-founder Abhay Hanjura says that meat continues to be carried surreptitiously in black plastic bags, like sanitary pads, condoms, and alcohol, even though a majority of Indians consume meat.

Inside Licious: Here's How The Fresh Meat Is Delivered

Over the years, consumers have mostly relied on local butcher shops for meat and fish. But, in recent years, with online meat players entering the space, millions of consumers have started ordering online. Licious has been a key changemaker for this behavioural shift. In this video, we will take you behind the scenes of how the package is finally delivered after you place the order online..