More Retail bets on dark stores to fight quick-commerce, plans 100 new sites with Rs 300 cr push
More Retail, alongside Reliance Retail and Spencer's, is scaling dark stores to counter Blinkit, Swiggy Instamart and Zepto. More operates 45 dark stores and plans 100 more, backed by fresh funds from Amazon and Samara Capital despite an FY23 loss widening to Rs 550 crore and revenue down 7.4%.
More Retail, Reliance Retail and Spencer's are launching dark stores to counter quick-commerce rivals. More has 45 dark stores, plans 100 more; Amazon and Samara added funds despite FY23 loss widening to Rs 550 crore.
Why this matters
More Retail's dark store bet mirrors a broader regional retail push to fund Bharat expansion, with peers like Reliance Retail and Spencer's racing to defend share against quick-commerce players.
Omni-channel holding steady with 454 signals over the last 90 days.