Amazon and Mumbai-based private equity firm Samara Capital acquired Aditya Birla Retail Limited’s food and grocery retail chain More at an enterprise value of over $600 million. More is the fourth-largest supermarket chain in the country after Future Group’s Big Bazaar, Reliance Retail and D-Mart.
Samara Capital will acquire 51 percent of the new entity, while Amazon will hold 49 percent. This is Amazon’s second direct investment in India’s offline retail space after acquiring a 5 percent stake in department store chain Shoppers Stop in September last year.
Amazon has invested $3.84 billion as part of the $5-billion commitment made by founder Jeff Bezos for the Indian market. Last month, Amazon infused fresh capital of over $400 million into two of its Indian business units.
Last updated: December 26th, 2025
