Licious, a Temasek Holdings Pte-backed online seller of meat and seafood in India, is seeking to become profitable as it prepares to list in 2026. Delightful Gourmet Pvt., which operates Licious, is opening more brick-and-mortar stores, speeding up deliveries to take on quick commerce rivals. The Bengaluru-based firm is targeting a valuation of more than $2 billion in the listing, according to people familiar with the matter who did not want to be named. Licious is present in 20 Indian cities and sells different cuts of chicken and goat meat, fish and other seafood, as well as spice mix, spreads and ready-to-eat items. The firm plans to use the IPO proceeds for expanding across India’s highly unorganized meat and fish market and acquiring smaller off-line stores, co-founder Abhay Hanjura said. The listing will also give some of its backers an exit opportunity, he said.
