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

More Retail, supported by Amazon, intends to launch its IPO next year. The company aims to double its store numbers within five years. This expansion occurs as more shoppers in India choose supermarkets and online platforms for groceries. More Retail also plans to add 500 stores in collaboration with Amazon Fresh. The company focuses on slotted deliveries for future growth.