Indian meat and seafood home-delivery service Licious is pushing its initial public offering (IPO) timeline to 2027-28, with founders Abhay Hanjura and Vivek Gupta emphasizing a long-term focus over immediate market listing, reports The Economic Times.
“We are in the business for the long run. The IPO is not the end for us,” Hanjura said at The EconomicTimes‘ Soonicorns Summit 2025.
Gupta added that the company expects to become profitable within six to eight months and is growing 40% year-on-year.
In financial year 2024, Licious narrowed losses by 44% to INR 2.94 billion ($35.4 million), though revenue fell 8% to INR 6.85bn due to reduced distribution partnerships and exposure to modern trade.
With 85% of sales now through its own website, the company is shifting focus to offline expansion, planning up to 500 stores over the next few years. Quick-commerce platforms remain a smaller channel due to shelf-life constraints.
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