Meat delivery startup Licious cuts 3% of workforce

Omnichannel meat brand, Licious has asked 3 per cent of its employees to leave the company. This decision affects as many as 80 of their workers.

Licious, in a statement on Friday, said it has more than ₹800 crore in cash from previous fundraising rounds. It added that its online business was operating-margin positive and on track to achieve Ebitda profitability by the end of FY25.

“With significant investments in the brand, deeper backward integration and an active pursuit of automation in the supply chain, Licious will focus on expanding the market potential and reach in the next financial year," Licious said in the statement.

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“We are reprioritising our cost outlays, considering the new growth levers. In doing this, it is unfortunate that we have to separate with some employees who have been a part of our journey," the company said.

According to a Moneycontrol report, the development comes months after it was reported that the Bengaluru-based unicorn had seen its revenues stagnate while its monthly cash burn remained unchanged.

Licious, which was founded in 2015 by Abhay Hanjura and Vivek Gupta, is backed by Singapore-based investor Temasek.