Swiss VC backed Vishal Mega Mart plans Rs 8400 crore IPO

Vishal Mega Mart, a leading budget supermarket chain, plans a $1 billion IPO, anticipating a valuation of up to $5 billion. The move comes amidst robust growth and expansion strategies, with revenues soaring by 36% to Rs 75.9 billion in the last fiscal year. There are 560 stores of Vishal Mega Mart across India.