Poging GOUD - Vrij
More Retail raises ₹400 cr before 2026 IPO, eyes towns
Hindustan Times Amritsar
|June 10, 2025
Supermarket chain More Retail has raised around ₹400 crore from existing investors Samara Capital and Amazon, as well as new domestic family offices over the past 12 months, as it gears up for a public listing within the next year, two people aware of the matter said.
MUMBAI: The capital raise—separate from earlier rounds in previous years—will be used to fund the company's store expansion and operational growth, one of the two people said. More Retail managing director and chief executive officer (CEO) Vinod Nambiar confirmed the fundraise in an emailed statement, but Samara and Amazon did not respond to Mint's requests for comment.
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