More Retail Plans IPO to Expand Hypermarkets

• More Retail is gearing up for an IPO next year to expand its hypermarket network in India.
• The Mumbai-based company operates 775 stores and plans to double this number in five years.
• More Retail’s hybrid model combines online and offline formats, partnering with Amazon Fresh.
• The company reported nearly INR 5,000 Cr in gross sales for FY25, marking an 11% increase.
• More Retail aims to add over 500 stores in 160 cities within the next 18 months.

Source: Inc42