Startup Atlas · E-commerce / D2C

Licious India's first D2C UnicornUnicorn

Delightful Gourmet Private Limited ● Bengaluru, Karnataka ● Founded 2015 ● licious.in ↗
Abhay Hanjura · Co-founder Vivek Gupta · Co-founder
$488 MnTotal funding (tracked)
9Funding rounds
14 Mar 2022Last round
2,160Team size (sourced)

Licious: Financial Breakdown

Figures below are FY25, consolidated basis, compiled from filings and disclosures — every year cited to its source.

Rs 797.2 Cr operating revenue (Inc42), up 16% YoY; Entrackr separately reported Rs 795 CrTotal revenue · +19.8% YoY
Rs 1,060.2 Cr, up only 1.4% YoYTotal expenses
EBITDA loss of Rs 163.0 Cr, down 45% YoY from Rs 296.0 Cr in FY24EBITDA
Net loss of Rs 218.3 Cr, down 27% YoY from Rs 298.6 Cr in FY24Net loss · loss narrowed 24.5% YoY

Revenue by fiscal year

020406080100$MRs 131.8 Cr (operating revenue): $15.7M16FY20Rs 420.3 Cr (operating revenue): $50M50FY21Rs 682.5 Cr (operating revenue): $81.3M81FY22Rs 748 Cr (Inc42, Oct 2024); Entrackr's Sept-2023 report cited Rs 747.7 Cr (9.6% growth from Rs 682.5 Cr in FY22): $89M89FY23Rs 686.9 Cr (Inc42 Oct-2025 restated); earlier Inc42 cited Rs 685.05 Cr, Entrackr ~Rs 685 Cr (down ~8-9% YoY): $81.8M82FY24Rs 797.2 Cr operating revenue (Inc42), up 16% YoY; Entrackr separately reported Rs 795 Cr: $95.9M96FY25

Net profit / loss by fiscal year

-80-60-40-200$MNet loss of Rs 370 Cr, up 153% YoY: $-44M-44FY21Net loss of Rs 485 Cr: $-57.7M-58FY22Net loss of Rs 528.5 Cr per Inc42 (matches site's FY23 baseline of Rs 528.6 Cr); Entrackr's Sept-2023 report cited a Rs 500 Cr net loss: $-62.9M-63FY23Net loss of Rs 298.6 Cr (matches site's FY24 baseline); earlier Inc42/Entrackr cited Rs 293.77 Cr / ~Rs 294 Cr: $-35.5M-36FY24Net loss of Rs 218.3 Cr, down 27% YoY from Rs 298.6 Cr in FY24: $-26.3M-26FY25

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY25 Rs 797.2 Cr operating revenue (Inc42), up 16% YoY; Entrackr separately reported Rs 795 Cr Rs 1,060.2 Cr, up only 1.4% YoY EBITDA loss of Rs 163.0 Cr, down 45% YoY from Rs 296.0 Cr in FY24 Net loss of Rs 218.3 Cr, down 27% YoY from Rs 298.6 Cr in FY24 source
FY24 Rs 686.9 Cr (Inc42 Oct-2025 restated); earlier Inc42 cited Rs 685.05 Cr, Entrackr ~Rs 685 Cr (down ~8-9% YoY) Rs 1,045.6 Cr EBITDA loss of Rs 296.0 Cr; an earlier Inc42 report cited EBITDA margin of -58.9% for FY24 Net loss of Rs 298.6 Cr (matches site's FY24 baseline); earlier Inc42/Entrackr cited Rs 293.77 Cr / ~Rs 294 Cr source
FY23 Rs 748 Cr (Inc42, Oct 2024); Entrackr's Sept-2023 report cited Rs 747.7 Cr (9.6% growth from Rs 682.5 Cr in FY22) Rs 1,309 Cr (per Entrackr's Sept-2023 report) EBITDA margin -55.45% per Entrackr (absolute EBITDA rupee figure not disclosed) Net loss of Rs 528.5 Cr per Inc42 (matches site's FY23 baseline of Rs 528.6 Cr); Entrackr's Sept-2023 report cited a Rs 500 Cr net loss source
FY22 Rs 682.5 Cr (operating revenue) Rs 1,191 Cr EBITDA margin -62.75% (absolute EBITDA rupee figure not disclosed in source) Net loss of Rs 485 Cr source
FY21 Rs 420.3 Cr (operating revenue) Rs 646.5 Cr EBITDA margin -43.31% (absolute EBITDA rupee figure not disclosed in source) Net loss of Rs 370 Cr, up 153% YoY source
FY20 Rs 131.8 Cr (operating revenue) Rs 283.8 Cr EBITDA margin -95.12% (absolute EBITDA rupee figure not disclosed in source) Not disclosed in any source found (FY21 filing implies an FY20 net loss existed, cited only as '153% higher' YoY vs FY20, but the exact FY20 rupee figure itself is never stated) source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: india.entrepreneur.com · Last verified 5 Sep 2026. · Report a correction