More Retail bets on dark stores to fight quick commerce, plans 100 more outlets
More Retail, backed by Amazon and Samara Capital, is scaling its dark-store network from 45 to 145 with Rs 300 crore investment as it races Blinkit, Zepto and Swiggy Instamart. Reliance and Spencer's are making similar moves, even as More posts a widening FY23 loss of Rs 550 crore and a 7.4% revenue drop.
More Retail, Reliance, and Spencer's launch dark stores to counter quick commerce rivals; More has 45 dark stores with 100 planned. Amazon and Samara back its grocery push despite widening FY23 loss of Rs 550 crore.
Why this matters
More Retail's dark-store push directly answers quick-commerce rivals Blinkit, Zepto and Swiggy Instamart, echoing a broader pattern as regional retailers also line up a Rs 7,000 cr IPO blitz to fund expansion.
Omni-channel activity holds steady with 455 signals over the last 90 days.