More Retail has received a fresh equity investment of ₹607 crore from its key promoters, Amazon and Samara Capital, in the current financial year, as per The Economic Times report.
This move precedes the company’s proposed IPO and is aimed at strengthening its financial position through debt reduction and growth measures.
Amazon and Samara Capital have jointly injected ₹607 crore into More Retail during the ongoing financial year. This funding follows a ₹678 crore equity infusion in FY25, as per filings with the Registrar of Companies. The capital will be applied toward repaying debt obligations and financing cash flow and business development activities.
As part of the latest allotment on January 16, 2026, More Retail issued equity shares of ₹10 face value at a premium of ₹265.5 per share. The bulk of this investment was made by the holding entity, More Consumer Brands, and a minor contribution came from individual investors.
In FY25, More Retail reduced its net loss by over 50%, from ₹532 crore to ₹249 crore. During the same period, the company recorded a 10% increase in revenue, reaching ₹4,454 crore. The company has not disclosed specific mechanisms behind the lower loss figures but has attributed improvements to its evolving business approach.
It has shifted from a purely offline format to a hybrid model, integrating both physical and digital retail channels. Orders from online platforms like Amazon Fresh are now fulfilled through its stores, which also serve walk-in customers. This structure is designed to improve reach and operating economics.
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More Retail said it has streamlined its operations to focus on the supermarket format and consolidation of offline and online growth. Despite halving its losses, the company continues to face structural challenges, including current liabilities exceeding assets by ₹169 crore and accumulated losses amounting to ₹2,334 crore.
The company’s equity stood at a negative ₹511 crore, indicating a significant reliance on promoter-backed funding. In total, ₹1,285 crore has been infused into the company over the past 2 fiscal years to maintain operations and facilitate restructuring.
With the infusion of ₹607 crore this fiscal year from Amazon and Samara Capital, More Retail has strengthened its financial position by reducing debt and advancing its operational model. The transition towards a hybrid retail strategy is being leveraged as a key operational focus ahead of its IPO.
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Published on: Jan 23, 2026, 12:20 PM IST
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