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Temasek-backed Indian D2C startup eyes $2b IPO: sources
Licious, a Bengaluru-based direct-to-consumer (D2C) meat and seafood delivery startup, is aiming for profitability ahead of a potential initial public offering (IPO) in 2026.
Sources indicate the company is targeting a valuation exceeding US$2 billion for the IPO.
In March 2023, Licious was valued at US$1.5 billion during its most recent funding round.
Founded in 2015 by Vivek Gupta and Abhay Hanjura, the company operates a “farm-to-fork” model, overseeing its entire supply chain.
Recent Licious developments
| Timeline |
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11-Oct-2022 🌱 Temasek-backed Indian D2C startup launches alt protein brand
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15-Mar-2022 🍖 Temasek-backed D2C 🍖 unicorn bags $150m in series F2 fundraise
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05-Oct-2021 🦐 Temasek-backed Indian D2C meat brand enters unicorn club with $52m raise
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11-Jun-2021 🍖 Indian online fresh produce startup Licious banks $65m in series F money
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25-Mar-2021 🚀 Monk’s Hill Ventures leads $1.5m round of Singapore software testing platform
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