Amazon-Backed More Retail Plans IPO to Boost Hypermarket Growth in India

More Retail Plans IPO to Fuel Hypermarket Expansion Across India Subtitle: With a hybrid retail model and growing demand for supermarkets, More Retail aims to double its store count in five years India’s retail sector is gearing up for a significant shake-up as More Retail, one of the country’s leading supermarket chains, prepares to launch its Initial Public Offering (IPO) next year. With an ambitious expansion strategy, the company is looking to capitalize on the shifting consumer preferences toward organized retail and online grocery platforms. In an exclusive interview with Reuters, Vinod Nambiar, Managing Director of More Retail, confirmed that the company plans to double its store count within the next five years. This expansion comes at a time when Indian consumers are increasingly favoring the convenience, variety, and quality assurance offered by supermarkets and digital grocery platforms. Hybrid Retail Model Driving Growth More Retail has carved a niche for itself in India’s competitive retail space through its hybrid business model that merges the best of both online and offline shopping experiences. Its network includes supermarkets focused on groceries, daily essentials, and fresh produce, as well as hypermarkets that also stock non-food items like clothing, electronics, and home appliances. This strategic blend allows the company to cater to a wide range of customer needs while leveraging technology to streamline supply chain operations and enhance customer engagement. The integration of e-commerce has further boosted More Retail’s appeal, especially among urban and semi-urban shoppers who value both convenience and speed. Tapping Into India’s Evolving Retail Landscape India's retail industry, particularly the food and grocery segment, is undergoing a transformation. As disposable incomes rise and urbanization accelerates, more consumers are turning to organized retail chains for quality, hygiene, and value-added services. According to industry analysts, this trend is expected to continue, making it an opportune time for players like More Retail to scale their operations. The planned IPO is not just a financial move—it represents a strategic step toward increasing market share, improving infrastructure, and enhancing the customer experience. The funds raised will likely be directed toward opening new stores, upgrading existing ones, investing in supply chain improvements, and further strengthening their digital presence. Outlook for Investors and Shoppers For potential investors, More Retail’s IPO could present an attractive opportunity to participate in the growth of India’s organized retail market, which is still in its high-growth phase. The company’s dual-channel strategy, focus on operational efficiency, and strong presence in key markets make it a promising contender in the retail space. Shoppers, on the other hand, can expect wider access to high-quality products, more store locations, and improved customer service as the company expands. With its customer-centric approach and tech-driven operations, More Retail is well-positioned to meet the evolving needs of the modern Indian consumer. As the IPO approaches and the expansion plans take shape, all eyes will be on More Retail—a brand that’s not just keeping up with the times but aiming to redefine the future of shopping in India.