Licious Seeks $2 Billion IPO Valuation in India

Licious, a Bengaluru-based meat and seafood delivery startup backed by Temasek Holdings, is preparing for an initial public offering (IPO) in 2026, targeting a valuation of over $2 billion. The company, which aims to achieve profitability by August 2025, is expanding its presence by opening more brick-and-mortar stores and enhancing delivery services to compete with rivals. Founded in 2015, Licious has evolved from an online platform to a hybrid model, combining online sales with physical retail. The Indian meat and seafood market is worth approximately $85 billion, and Licious seeks to capture a larger share of this largely unorganized sector. Following a significant funding round that valued the company at $1.5 billion in 2023, Licious is looking to capitalize on India's affluent, smartphone-savvy consumer base. The firm plans to be IPO-ready within the next year, reflecting its aggressive growth strategy amidst evolving market dynamics.