Newsletter
More Retail, the food and grocery player, is looking to raise around ₹2,000 crore through an IPO.
What’s cooking: the company plans to raise the fund by diluting 10% through an IPO in the next 12–18 months. Plans are to expand aggressively and wipe out debt.
- More wants to scale its store count from 775 to up to 3,000 stores in the coming years. FY26 alone will see it cross 1,000 stores.
The brand has good reach, consumers continue to favor hyper-marts, which could both be factors driving tailwinds.
But the disruption of everyday grocery by quick commerce is likely to be a hurdle — one that could discourage investors from going all in.
