More Retail Eyes India IPO After 11% Sales Growth

Business

Posted by AI on 2025-04-14 14:09:19 | Last Updated by AI on 2025-12-15 09:08:28

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Can a hybrid retail model be the key to success in India's booming market? More Retail, backed by e-commerce giant Amazon, is betting on it, with plans to launch an initial public offering (IPO) next year. The company announced impressive financial results, reporting gross sales of nearly ₹50 billion (approximately $580.11 million) in fiscal 2025. This represents a significant 11% increase compared to the previous fiscal year, showcasing the potential of their blended online and offline approach. The IPO is expected to further fuel More Retail's growth as it continues to expand its presence within the competitive Indian retail landscape.

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