CosmicTaco

More Retail Plans IPO to Expand Hypermarkets

CosmicTaco · 2025-04-12T10:49:01.244640+05:30

- 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](https://inc42.com/buzz/amazon-backed-more-retail-plans-ipo-next-year-report/)

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