Licious, the Bengaluru-based unicorn in the fresh meat and seafood delivery market, has raised significant attention with its recent funding and strategic shifts. In the past few months, the company has been focusing on achieving profitability and growth as it prepares for a potential IPO in the next 2-3 years.
The meat delivery platform, which saw explosive growth a few years ago, is now aiming to expand its reach by opening 500 stores across 20 cities over the next five years. Licious has already demonstrated strong financial performance with a monthly revenue run rate of around Rs 72 crore in FY24 and plans to scale this to Rs 100 crore by March 2025. The company has also reduced its burn rate substantially while increasing its gross margins to nearly 30%​.
Licious has also made strides in leadership, bringing on Karishma Gupta as CFO to navigate the company's expansion and profitability efforts. This move signals a shift from aggressive growth to a more sustainable, profit-driven approach​.
While its growth trajectory has faced challenges—including a slowdown in revenue and losses amounting to Rs 500 crore in FY23—the company remains committed to stabilizing its operations and addressing competition from newer and established players in the market​
For further details, you can explore Licious's current plans and funding news on Business Standard and TICE News.