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Amazon-backed More Retail plans IPO in India next year, betting on its hybrid model

Amazon-backed More Retail plans IPO in India next year, betting on its hybrid model

Source: Company website

Amazon-backed More Retail, a key player in India’s food and staples market, plans to go public next year and double its store count in five as shoppers keep turning to supermarkets and online buying for daily groceries, a top executive told Reuters.

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