Licious, India’s fresh meat and seafood delivery startup, is embarking on an ambitious omnichannel strategy. It aims to establish 500 stores nationwide within the next five years. This move is driven by the company’s goal to attract new customers through its offline presence and subsequently encourage them to engage in online transactions as well.
According to sources, this expansion initiative is a pivotal step towards achieving profitability and positioning Licious for an initial public offering (IPO) within the next 24 months. Backed by Temasek, a prominent investor, Licious has secured funding of approximately $100 million to fuel this nationwide expansion. The company is targeting a pre-IPO funding round around 2026.
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