For its next phase of growth, Licious will focus on the ready-to-eat category and open more offline stores. It plans to open 40 stores by the end of the current fiscal.
Happy Wednesday! After the central bank s action on IIFL Finance, concerns have been raised over gold loan evaluation by fintechs and their partner banks. This and more in todays ETtech Morning Dispatch.
Licious founders plan 500 stores in 5 years with 6% operating profit margin. Targeting profitability by FY25, focusing on offline strategy. Improved demand forecasting and introduced subscription model for growth.
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