Licious, India’s leading omnichannel meat and seafood retailer, has crossed the ₹100 crore monthly revenue mark for the first time, marking a key growth milestone after a prolonged post-pandemic slowdown. The company reported net revenue of ₹104 crore in November, its highest-ever monthly performance since inception.
The milestone caps a strong first half for parent entity Delightful Gourmet Pvt Ltd, which posted ₹530 crore in net revenue in H1 FY26, registering a 42% year-on-year growth. Monthly revenue rose sequentially from ₹94 crore in October to over ₹100 crore in November, pointing to improving execution and strengthening consumer demand as FY26 progresses.
A major driver of the rebound has been the maturing of Licious’ omnichannel strategy. In November, the company generated ₹88 crore from online channels and ₹16 crore from offline stores. Licious currently operates 55+ physical stores across India’s top three metros, with offline locations now contributing meaningfully to scale rather than serving solely as customer acquisition touchpoints.
The platform serves around 1.5 million users, including over 100,000 repeat offline customers, highlighting early success in integrating digital and physical retail. According to the company, FY26 growth has been driven by higher transacting users, strong repeat behaviour, and rising demand for faster deliveries.
Central to this momentum is Flash, Licious’ 30-minute delivery service, which now accounts for nearly 50% of platform traffic. Repeat customers contribute about 85% of monthly revenue, improving predictability and unit economics. The company’s Infinity subscription programme has also scaled rapidly, crossing 3.2 lakh subscribers, nearly four times year on-year, with renewal rates of around 87%.
Industry conditions have also turned favourable, with quick-commerce platforms scaling back aggressive expansion in meat and seafood, easing competitive pressure. Backed by Temasek, Vertex Ventures, and Bertelsmann Investments, Licious was last valued at $1.5 billion and is targeting an IPO by 2026.
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