Amazon-Backed More Retail Picks Banks for $300 Million India IPO
PositiveTechnology

- More Retail Pvt., backed by Amazon.com Inc. and Samara Capital Partners, has chosen advisers for a significant IPO in India that could generate around $300 million. This decision reflects the company's ambition to enhance its market position in the competitive grocery sector.
- The impending IPO is a crucial step for More Retail, as it aims to leverage the increasing consumer shift towards online grocery shopping. Successfully raising funds through this IPO could provide the necessary capital for expansion and innovation in its services.
— via World Pulse Now AI Editorial System