Temasek-Backed Licious Eyes $2 Billion IPO to Expand in India’s Meat Market

Licious, the Bengaluru-based meat and seafood delivery startup, is targeting a $2 billion valuation for its IPO, expected in 2026. Backed by Temasek and other investors, the company plans to use the proceeds to expand its footprint across India’s fragmented $26 billion meat market. Licious aims to open 500 stores nationwide in five years and achieve EBITDA profitability by August 2025. With a current annual revenue run rate of ₹1,000 crore, the company is poised to capitalize on India's growing demand for premium meat products.

 

Sources: Moneycontrol, Times of India, Business Standard