India, Feb. 18 -- Online meat seller Licious, which is backed by multinational investment firm Temasek Holdings Pte, is looking to become profitable ahead of a 2026 Initial Public Offering (IPO).

For this, Delightful Gourmet Pvt Ltd which operates Licious, is opening more and more brick-and-mortar stores and speeding up deliveries to try taking on quick commerce rivals, according to a Bloomberg report.

The company now aims to post a profit at the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) level by August this year, according to the report which cited co-founder and Chief Executive Officer (CEO) Vivek Gupta as having said.

"We want to be an IPO-ready company in 12 months," Gupta said.

The Bengaluru-based c...