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Licious | D2C fresh meat and seafood (FY2025 revenue ₹844.6 crore)

2026.03.26

Article summary

Licious is a D2C fresh meat and seafood brand founded in Bengaluru in 2015 and operated by Delightful Gourmet. Its co-founders are Abhay Hanjura and Vivek Gupta (Varun Sadana was also a founding member but stepped down in 2021). Operating revenue for FY2025 (fiscal year ending March 2025) was ₹795 crore (1 crore = 10 million rupees), up 16% year on year, with about 2,200 employees and cumulative funding of about 554.22 million dollars. Its defining feature is an integrated model that keeps everything from sourcing to delivery in house.

This article is based on what we could verify As of September 19, 2026 This page is based on the disclosures and news reports from each company that we were able to confirm as of that date. Amounts in the text follow the notation commonly used in India, with ₹1 crore = 10 million rupees, and yen figures are approximations calculated at a little over 1.7 yen to the rupee. Store counts, funding raised, and results at Indian companies change over short periods, so when making a business decision, please check the latest information in primary sources such as each company's own announcements.

Licious is a D2C brand that sources chicken, mutton, and seafood itself and delivers them over its own network. Fresh meat in India is still dominated by independent butchers, and bringing temperature control and packaging into that market is what won it support.

Company profile

Item	Details
Legal name	Delightful Gourmet Private Limited (brand name Licious)
Year founded	2015
Headquarters	Bengaluru (Karnataka)
Co-founders	Abhay Hanjura, Vivek Gupta (Varun Sadana was also a founding member but stepped down in 2021)
Revenue (operating revenue)	₹795 crore (FY2025 = fiscal year ending March 2025; up 16% from ₹685 crore the previous year). On a total income basis, ₹844.6 crore
Employees	About 2,200
Total funding raised	About 554.22 million dollars (11 rounds)
Listing	Unlisted
Official website	licious.in

Business and strengths

It is an integrated model that keeps sourcing, processing, storage, and delivery in house, with a setup that never breaks the cold chain before the product reaches the customer. Variation in quality easily makes buyers hesitate over fresh meat, and removing that hesitation became the foundation of the brand.

In addition to cuts of chicken, mutton, and seafood, it has widened its range to prepped Ready-to-Cook items, spices, and snacks.

Recent developments

Operating revenue for FY2025 (fiscal year ending March 2025) was ₹795 crore, up 16% from ₹685 crore the previous year. In FY2024, revenue had fallen from the year before as the company reviewed its business, so growth has not been a straight line. Cumulative funding has reached about 554.22 million dollars, but the most recent round stopped in March 2022.

Points for Japanese companies

It offers a basis for thinking about how much logistics you need to own yourself when selling chilled and frozen food in India. Unlike countries where outsourcing is enough, the choice of third-party logistics able to hold a temperature range is limited, so Licious decided to carry it in house.