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Amazon-Backed More Retail Plans IPO Next Year, Expands Hybrid Model Amid Growing Popularity of Online Grocery Deliveries.
ByAinvest
Friday, Apr 11, 2025 12:29 pm ET1min read
Amazon-backed More Retail plans to go public next year and double its store count to 1,500 in five years, betting on its hybrid model of physical outlets and fulfillment centers for Amazon Fresh. The company reported a gross sales increase of 11% to ₹50 billion in fiscal 2025, with same-store sales rising 23%. More plans to add over 500 stores to its partnership with Amazon Fresh and focus on slotted deliveries.
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