CosmicTaco

Licious Acquires My Chicken and More to Boost Offline Presence

CosmicTaco · 2024-10-14T10:09:58.302001+05:30

- Licious, a Temasek-backed meat and seafood startup, is set to acquire Bengaluru-based My Chicken and More for Rs 150-200 crore. - The acquisition will help Licious, primarily an online company, increase its offline presence and diversify income streams. - My Chicken and More, with 22 stores across Bengaluru, will boost Licious' omnichannel strategy and strengthen its presence in one of its biggest markets. - The deal is expected to increase Licious' sales in Bengaluru from Rs 250 crore to Rs 400 crore. - My Chicken and More, a profitable company, has a revenue of Rs 100-110 crore and an EBITDA margin of 2-3 percent. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/licious-to-acquire-my-chicken-and-more-for-rs-200-crore-and-deepen-offline-play-12841257.html)

Licious, a Temasek-backed meat and seafood startup, is set to acquire Bengaluru-based My Chicken and More for Rs 150-200 crore.
The acquisition will help Licious, primarily an online company, increase its offline presence and diversify income streams.
My Chicken and More, with 22 stores across Bengaluru, will boost Licious' omnichannel strategy and strengthen its presence in one of its biggest markets.
The deal is expected to increase Licious' sales in Bengaluru from Rs 250 crore to Rs 400 crore.
My Chicken and More, a profitable company, has a revenue of Rs 100-110 crore and an EBITDA margin of 2-3 percent.

Source: Moneycontrol