Vishal Mega Mart introduced a pilot initiative in the quick commerce sector last year. The platform operates within an 8-10-kilometer radius of each store, allowing users to access the inventory of their nearest outlet via the app.
Currently active in 390 cities across India, the pilot has shown positive results, sparking optimism for further growth, according to Gunender Kapur, MD & CEO of Vishal Mega Mart.
The company’s ₹8,000 crore Initial Public Offering (IPO) is scheduled to open for subscription on December 11. As an Offer for Sale (OFS), the company will not directly benefit from the funds raised. The IPO has set the price range between ₹74 and ₹78 per share, with the subscription window closing on Friday, December 13. Read more
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