Company lists
The India edition · 2026

E-commerce enablerscompanies in India

Logistics & fulfilment, storefronts & platforms, marketing & growth, brand aggregators, B2B & retail tech and more: the companies building e-commerce enablers in India, with their founders, funding, team size and business models.

1,497 company profiles417 with reported revenue214 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent e-commerce enablers business events in India

Funding, M&A, contract wins and launches involving 2,111 e-commerce enablers companies in India, last 24 months: 35 funding rounds · 31 M&A deals · 25 launches · 12 Contracts. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

FundingStrategic Investment

Ondc

Uber announced a strategic investment in the Open Network for Digital Commerce (ONDC) deepening its commitment to India's Digital Public Infrastructure (DPI).

Investors Uber
Digital Public Infrastructure
M&AAcquisition · Announced

Pine labs acquires Shopflo

Pine Labs’ ₹88 crore acquisition of Shopflo

Fintech
LaunchShadowfax 360

Shadowfax

Shadowfax Technologies Limited has announced the launch of Shadowfax 360, a unified digital shipping platform aimed at empowering India’s growing SME and D2C ecosystem.

Logistics platform
M&AAcquisition · Completed

Group of investors acquires Delhivery

A group of investors, including prominent financial institutions Goldman Sachs and Morgan Stanley, has made a significant acquisition of shares in the logistics company Delhivery.

Logistics
LaunchBulk

Ithink logistics

iThink Logistics, a leading logistics aggregation platform, has announced its strategic entry into the rapidly growing B2B logistics space with the launch of its bulk shipping solution,…

B2B bulk shipping solution
M&AAcquisition · Completed

Institutional investors acquires Delhivery

A group of institutional investors has acquired a 1.6% stake in logistics firm Delhivery for about Rs 530 crore, as US-based venture capital firm Nexus Venture Partners continued to…

M&AAcquisition · Completed

Na acquires Delhivery

A clutch of investors on Wednesday collectively bought a 1.6 per cent stake in logistics firm Delhivery from US-based venture capital Nexus Venture Partners for Rs 530 crore through open…

M&AAcquisition · Completed

Investors (BNP Paribas, SBI Mutual Fund, others) acquires Delhivery

On Wednesday, investors seized the opportunity to acquire a 1.6% stake in the Indian logistics company Delhivery.

Logistics
M&AAcquisition · Completed

Paris-based BNP Paribas, SBI Mutual Fund, Edelweiss MF, Nippon India MF, AlphaGrep Investment Management, ICICI Prudential Life Insurance Company acquires Delhivery

A clutch of investors on Wednesday collectively bought a 1.6% stake in logistics firm Delhivery from US-based venture capital Nexus Venture Partners for Rs 530 crore through open market…

Logistics
M&AAcquisition · Completed

Globalbees acquires Candes Technology Private Limited

Globalbees acquired an extra 30% shareholding from existing shareholders of Candes Technology.

Retail electronics, electrical instruments, audio-visual goods
LaunchEconomy air parcel service

Delhivery

Delhivery has launched a new economy air parcel service connecting India with key international markets, including United Kingdom, Canada, and Australia, as part of its push to expand…

M&AAcquisition · Completed

Nitro commerce acquires Zodiac Labs AI

Months after a fresh capital infusion of $5 Mn, enterprise tech startup Nitro Commerce has acquired Gurugram-based AI copilot company Zodiac Labs AI for an undisclosed amount.

AI
ContractSupply

Delhivery · client: RIDEV

Delhivery, a prominent Indian logistics company, announced that it will deploy 150 electric vehicles (EVs) in collaboration with RIDEV, an electric mobility startup.

Logistics
Funding

Wishlink

Wishlink has raised about $10.1 million so far from investors including Elevation Capital, Trifecta Capital, Wellfound, and more than 70 angel backers.

Investors Elevation capital, Trifecta capital, Wellfound, More than 70 angel backers
M&AMerger · Announced

Vwo acquires Ab tasty

Software-as-a-Service firm Wingify-owned VWO and France-based AB Tasty have entered into an agreement to merge, as consolidation in the SaaS space gathers pace in India and globally.

Software-as-a-Service
FundingSeed

Zepo

Spain-based cybersecurity startup Zepo Intelligence, which protects organizations from AI-driven social engineering attacks, has closed a €12.8 million ($15 million) Seed funding round.

Cybersecurity - AI-driven social engineering protection
ContractService

India post · client: Open Network For Digital Commerce (Ondc)

The Department of Posts (India Post) has officially commenced operations as a Logistics Service Provider (LSP) on the Open Network for Digital Commerce (ONDC).

Logistics
M&AAcquisition · Completed

Reverse Logistics Group acquires Libcycle

Mutares has successfully completed the sale of its majority stake in LiBCycle, an inTime Group company, to Reverse Logistics Group (“RLG”).

Battery Recycling & Logistics
Funding

Edgistify

Edgistify, one of India’s most trusted warehousing and fulfilment partners, has raised $1.4 million in its latest funding round led by Dubai-based VC fund NB Ventures and global supply…

Investors Nb ventures, Rajesh Ranavat, Prateek Maheshwari, Vivek Gaur
Warehousing and Fulfilment
Funding

Ace turtle

Other startups such as WorkIndia, Oben Electric, Tagbin, Virohan and Ace Turtle also raised funds during the week.

Investors Na
M&AAcquisition · Completed

Hiveloop ECommerce Pvt Ltd (HEPL) acquires Shopkirana

Info Edge, the parent company of Naukri.com, Jeevansathi.com, 99acres and Shiksha, on Friday announced that it has completed the transfer of its entire stake in its associate company…

M&AAcquisition · Completed

Globalbees acquires HS Fitness Private Limited

Globalbees Brands Private Limited, a material subsidiary of FirstCry parent Brainbees Solutions Ltd., on Tuesday said it has acquired an additional 6.49% stake in HS Fitness Private…

Fitness equipment
FundingAcquisition

Ecom express

Acquisition activity also increased, with 25 deals in 2025, compared with 14 in 2024. Notable acquisitions included Wingify by Everstone Capital for $200 million and Ecom Express by…

Investors Delhivery
Funding

Stackbox

Meanwhile, logistics tech startup Stackbox secured $4M to speed up product development and expand further across Southeast Asia, while strengthening operations in India.

Logistics tech
LaunchKiko Live B2B quick-commerce platform

Kiko live

Kiko Live, the digital enabler of Kirana retail, has unveiled India’s first B2B quick-commerce platform for FMCG distribution.

FMCG distribution
FundingIPO

Shadowfax Technologies

Logistics-tech company Shadowfax Technologies has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise up to INR 2,000 crore…

Investors Na
Logistics-tech
FundingSeries C

Tmrw

Top funding rounds this year include Spinny’s $171 million Series F ($131 million + $40 million), followed by Zepto at $ 170 million and $49 million, respectively, GIVA, which raised $68…

Investors Na
B2C e-commerce

E-commerce enablers companies in India, by revenue

Browse e-commerce enablers companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 417 e-commerce enablers companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

End-to-end fulfillment solutions for businesses

Logistics tech
₹14,165.40 crFY 2024-25
+14%2024–2025
7,389-22% 12 mo to Sep 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Platform offering end-to-end parcel delivery, warehousing, cross-border, and fulfillment services

Logistics tech
₹9,372.01 crFY 2024-25
+9%2024–2025
33,691+15% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
94postings · last posted Sep 2026

Provider of e-commerce fulfillment and scaling solutions

E-commerce enablers
₹6,540.36 crFY 2024-25
+19%2024–2025
281LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Jun 2026

Provider of end-to-end logistics delivery and courier solutions

Logistics tech
₹2,960.86 crFY 2024-25
+1%2024–2025
8,485+71% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Platform offering rural B2B E-commerce and logistics

E-commerce enablers
₹2,765.76 crFY 2024-25
Not reported
3,452-49% 12 mo to Jul 2024LinkedIn · Jul 2026
12 yr2014
6postings · last posted Aug 2026

Logistics solutions for express deliveries

Logistics tech
₹2,514.66 crFY 2024-25
+33%2024–2025
9,625+35% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
2postings · last posted Aug 2026

Provider of software suite solutions for B2B

E-commerce enablers
₹1,801.47 crFY 2024-25
Not reported
185LinkedIn · Jul 2026
34 yr1992
1postings · last posted Jul 2026

Online platform acquiring e-commerce brands and businesses

E-commerce enablers
US$160.60mFY 2022-23
Not reported
604-11% 12 mo to Jul 2024LinkedIn · Jul 2026
5 yr2021
1postings · last posted Jul 2026

Provider of distribution and logistics services for multiple industry verticals

Logistics tech
₹1,169.65 crFY 2024-25
+13%2024–2025
386-27% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
1postings · last posted Jul 2026

Platform offering tech-enabled services for fashion businesses

Brands tech
₹682.36 crFY 2024-25
+60%2024–2025
273-1% 12 mo to Sep 2024LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Platform offering end-to-end supply chain, fulfilment, and IT solutions

Logistics tech
₹479.80 crFY 2024-25
+14%2024–2025
837-9% 12 mo to Jul 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Provider of AI-powered manufacturing automation platform for MSME garment factories

Brands tech
₹446.07 crFY 2023-24
-13%2023–2024
117-25% 12 mo to Sep 2024LinkedIn · Jul 2026
5 yr2021
2postings · last posted Jul 2026

Provider of end-to-end logistics delivery services

Logistics tech
₹437.98 crFY 2024-25
Not reported
1,523+13% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
1postings · last posted Jul 2026

Developer of health, wellness, and lifestyle brands for the digital age

Brands tech
₹424.99 crFY 2024-25
-21%2024–2025
604LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted May 2026

eCommerce enablers for retailers

E-commerce enablers
₹417.15 crFY 2024-25
+16%2024–2025
678+29% 12 mo to Sep 2024recorded Sep 2024
17 yr2009
20postings · last posted Sep 2026

Provider of order & management solutions

E-commerce enablers
₹406.84 crFY 2023-24
Not reported
45-57% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Marketing automation solution

Marketingtech
₹410.56 crFY 2024-25
+156%2024–2025
47+34% 12 mo to Sep 2024recorded Sep 2024
12 yr2014
1postings · last posted Jul 2026

Online platform offering tech-enabled solutions for e‑commerce businesses and retailers

E-commerce enablers
₹384.74 crFY 2023-24
-1%2023–2024
25LinkedIn · Jul 2026
19 yr2007
0none in 3 months · last posted May 2026

A provider of comprehensive supply chain solutions

E-commerce enablers
₹316.72 crFY 2024-25
+12%2024–2025
446-14% 12 mo to Sep 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months

In-App payments gateway

Payments
₹297.26 crFY 2024-25
+74%2024–2025
32-50% 12 mo to Aug 2023LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Provider of logistics services for e-commerce and retail companies

Logistics tech
₹248.25 crFY 2023-24
-4%2023–2024
429-51% 12 mo to Jul 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

B2B solutions for the mobile and electronics retail sector

B2b e-commerce
₹239.11 crFY 2024-25
+235%2024–2025
15LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Online brand acquirer for e-commerce businesses

E-commerce enablers
₹219.29 crFY 2022-23
+185%2022–2023
54-98% 12 mo to Jun 2024LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Provider of fulfillment services, software, and shipping solutions for e-commerce

E-commerce enablers
₹216.11 crFY 2024-25
+31%2024–2025
251-2% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
1postings · last posted Jul 2026

Provider of financial services for e-commerce businesses

Alternative lending
₹193.09 crFY 2023-24
Not reported
—Not available
17 yr2009
0none in 3 months
50 of 1,497 companies shown here · the full list is on Radar
Fliar Radar

Explore all 1,497 e-commerce enablers companies in India on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open e-commerce enablers in India on Radar
  • Every company, not just 50All 1,497 e-commerce enablers companies in India, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore e-commerce enablers companies in India by what you are looking for

Browse e-commerce enablers companies in India, from logistics and fulfilment to storefront software and marketing tools. Find e-commerce enabler startups in India and the technology partners that help brands sell online.

8 ways to explore e-commerce enablers in India

E-commerce logistics & fulfilment companiesOnline store builders & e-commerce softwareE-commerce marketing & analytics toolsBrand tech & D2C enablersB2B e-commerce & retail technology providersSocial, video & fashion commerce tech

E-commerce logistics & fulfilment companies

Parcel delivery, shipping, warehousing and fulfilment providers for online sellers.

  1. Ekart

    End-to-end fulfillment solutions for businesses

    Logistics tech
    See in list
  2. Delhivery

    Platform offering end-to-end parcel delivery, warehousing, cross-border, and fulfillment services

    Logistics tech
    See in list
  3. XpressBees

    Provider of end-to-end logistics delivery and courier solutions

    Logistics tech
    See in list
  4. ElasticRun

    Platform offering rural B2B E-commerce and logistics

    E-commerce enablers
    See in list
  5. Shadowfax

    Logistics solutions for express deliveries

    Logistics tech
    See in list

Online store builders & e-commerce software

Storefront, shopping cart and e-commerce software suites for launching and running an online store.

  1. Creative Newtech

    Provider of software suite solutions for B2B

    E-commerce enablers
    See in list
  2. TMRW

    Platform offering tech-enabled services for fashion businesses

    Brands tech
    See in list
  3. BRND.ME

    Developer of health, wellness, and lifestyle brands for the digital age

    Brands tech
    See in list
  4. Litmus7

    eCommerce enablers for retailers

    E-commerce enablers
    See in list
  5. AceVector

    Online platform offering tech-enabled solutions for e‑commerce businesses and retailers

    E-commerce enablers
    See in list

E-commerce marketing & analytics tools

Marketing automation, conversion optimisation, influencer and analytics tools for online brands.

  1. Adyogi

    Marketing automation solution

    Marketingtech
    See in list
  2. Parity Cube

    Provider of marketing software solutions for e-commerce businesses

    Marketing services
    See in list
  3. Tatvic

    Provider of web analytics & eCommerce optimization tools

    E-commerce enablers
    See in list
  4. OnlineSales

    Cloud-based retail media development platform

    Adtech
    See in list
  5. Wishlink

    Platform for connecting creators with brands for content monetization

    Social commerce
    Website

Brand tech & D2C enablers

Platforms that acquire, build and scale direct-to-consumer brands.

  1. Mensa Brands

    Online platform acquiring e-commerce brands and businesses

    E-commerce enablers
    See in list
  2. TMRW

    Platform offering tech-enabled services for fashion businesses

    Brands tech
    See in list
  3. BRND.ME

    Developer of health, wellness, and lifestyle brands for the digital age

    Brands tech
    See in list
  4. FollowG

    B2B solutions for the mobile and electronics retail sector

    B2b e-commerce
    See in list
  5. UpScalio

    Online brand acquirer for e-commerce businesses

    E-commerce enablers
    See in list

B2B e-commerce & retail technology providers

B2B marketplaces, ERP, inventory and in-store retail technology.

  1. Creative Newtech

    Provider of software suite solutions for B2B

    E-commerce enablers
    See in list
  2. RetailerShakti

    Provider of order & management solutions

    E-commerce enablers
    See in list
  3. FollowG

    B2B solutions for the mobile and electronics retail sector

    B2b e-commerce
    See in list
  4. Bizongo

    Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions

    E-commerce enablers
    See in list
  5. BuyMore

    Online marketplace for end-to-end e-commerce solutions

    Enterprise resource planning
    See in list

Social, video & fashion commerce tech

Social commerce, shoppable video, AR try-on and fashion technology.

  1. Bizcrum Infotech

    Provider of software suite solution for fashion industry

    Fashion tech
    See in list
  2. Wishlink

    Platform for connecting creators with brands for content monetization

    Social commerce
    Website
  3. BlueKaktus

    Online platform offering an apparel software solution

    Manufacturing tech
    Website
  4. WFX

    Developer of product lifecycle management, enterprise resource planning, and manufacturing software

    Enterprise resource planning
    Website
  5. HYPD

    Platform enabling creators to create stores and sell curated products

    Influencer e-commerce
    Website

E-commerce enabler startups in India

Recently founded e-commerce enablers in India.

  1. Cocoblu

    Provider of e-commerce fulfillment and scaling solutions

    E-commerce enablers
    See in list
  2. Mensa Brands

    Online platform acquiring e-commerce brands and businesses

    E-commerce enablers
    See in list
  3. TMRW

    Platform offering tech-enabled services for fashion businesses

    Brands tech
    See in list
  4. Groyyo

    Provider of AI-powered manufacturing automation platform for MSME garment factories

    Brands tech
    See in list
  5. BRND.ME

    Developer of health, wellness, and lifestyle brands for the digital age

    Brands tech
    See in list
435 companies in India

E-commerce enablers companies hiring in India

E-commerce enablers that are currently recruiting.

  1. Delhivery

    Platform offering end-to-end parcel delivery, warehousing, cross-border, and fulfillment services

    Logistics tech
    See in list
  2. Cocoblu

    Provider of e-commerce fulfillment and scaling solutions

    E-commerce enablers
    See in list
  3. ElasticRun

    Platform offering rural B2B E-commerce and logistics

    E-commerce enablers
    See in list
  4. Shadowfax

    Logistics solutions for express deliveries

    Logistics tech
    See in list
  5. Creative Newtech

    Provider of software suite solutions for B2B

    E-commerce enablers
    See in list
56 companies in India
Mobile reach

Top 10 e-commerce enablers apps from India

The most-installed Android apps published by e-commerce enablers companies headquartered in India — 85.5M installs between them. 240 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Delhivery: Courier App

by Delhivery

Installs27.9M
Rating3.38395K ratings
Last updatedJun 2026
View on Google Play ↗
Delhivery: Courier App screenshot 1Delhivery: Courier App screenshot 2Delhivery: Courier App screenshot 3Delhivery: Courier App screenshot 4Delhivery: Courier App screenshot 5Delhivery: Courier App screenshot 6
2

CoutLoot Swipe: Shopping App

by CoutLoot

Installs16.8M
Rating4.7231K ratings
Installs, year on year+13%
Last updatedMay 2026
View on Google Play ↗
CoutLoot Swipe: Shopping App screenshot 1CoutLoot Swipe: Shopping App screenshot 2CoutLoot Swipe: Shopping App screenshot 3CoutLoot Swipe: Shopping App screenshot 4CoutLoot Swipe: Shopping App screenshot 5
3

Digital Showroom: Business App

by Digital Showroom

Installs10.2M
Rating3.97203K ratings
Installs, year on year+8%
Last updatedMar 2026
View on Google Play ↗
Digital Showroom: Business App screenshot 1Digital Showroom: Business App screenshot 2Digital Showroom: Business App screenshot 3Digital Showroom: Business App screenshot 4Digital Showroom: Business App screenshot 5Digital Showroom: Business App screenshot 6
4

Shadowfax Delivery Partner App

by Shadowfax

Installs9.3M
Rating4.12226K ratings
Installs, year on year+43%
Last updatedJun 2026
View on Google Play ↗
Shadowfax Delivery Partner App screenshot 1Shadowfax Delivery Partner App screenshot 2Shadowfax Delivery Partner App screenshot 3Shadowfax Delivery Partner App screenshot 4Shadowfax Delivery Partner App screenshot 5Shadowfax Delivery Partner App screenshot 6
5

Dukaan - Start Selling Online

by Shop

Installs7.2M
Rating3.778K ratings
Last updatedJul 2024
View on Google Play ↗
Dukaan - Start Selling Online screenshot 1Dukaan - Start Selling Online screenshot 2Dukaan - Start Selling Online screenshot 3Dukaan - Start Selling Online screenshot 4Dukaan - Start Selling Online screenshot 5Dukaan - Start Selling Online screenshot 6
6

Wishlink Shopping App

by Wishlink

Installs6.1M
Rating3.56K ratings
Installs, year on year+160%
Last updatedMay 2026
View on Google Play ↗
Wishlink Shopping App screenshot 1Wishlink Shopping App screenshot 2Wishlink Shopping App screenshot 3Wishlink Shopping App screenshot 4Wishlink Shopping App screenshot 5
7

Digihaat – Bharat ka Apna App

by ONDC

Installs2.5M
Rating—
Installs, year on year+311%
Last updatedMay 2026
View on Google Play ↗
Digihaat – Bharat ka Apna App screenshot 1Digihaat – Bharat ka Apna App screenshot 2Digihaat – Bharat ka Apna App screenshot 3Digihaat – Bharat ka Apna App screenshot 4Digihaat – Bharat ka Apna App screenshot 5Digihaat – Bharat ka Apna App screenshot 6
8

LoadShare Delivery Partner Job

by LoadShare

Installs2.0M
Rating3.7531K ratings
Installs, year on year+112%
Last updatedJun 2026
View on Google Play ↗
LoadShare Delivery Partner Job screenshot 1LoadShare Delivery Partner Job screenshot 2LoadShare Delivery Partner Job screenshot 3LoadShare Delivery Partner Job screenshot 4LoadShare Delivery Partner Job screenshot 5LoadShare Delivery Partner Job screenshot 6
9

QuickSell Catalogue Commerce

by QuickSell

Installs1.8M
Rating3.8613K ratings
Installs, year on year+8%
Last updatedSep 2025
View on Google Play ↗
QuickSell Catalogue Commerce screenshot 1QuickSell Catalogue Commerce screenshot 2QuickSell Catalogue Commerce screenshot 3QuickSell Catalogue Commerce screenshot 4QuickSell Catalogue Commerce screenshot 5QuickSell Catalogue Commerce screenshot 6
The business behind the activity

E-commerce enablers financials in India

Revenue, profit and growth from the filed annual accounts of 352 e-commerce enablers companies in India for FY24-25 — 459 of the 1,497 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 73% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹47,785.11 cr

352 companies filing accounts

combined net profit−₹2,813.52 cr

-5.9% aggregate margin

are profitable43%

150 of 352 companies

median revenue~₹2.2 cr

the typical company

median revenue growth+21%

into FY24-25

earned by the top five73%

revenue concentration

Six-year view

Combined revenue of filing companies

₹7,316.16 crFY19-20213 filers
₹8,952.01 crFY20-21250 filers
₹27,098.24 crFY21-22278 filers
₹40,748.64 crFY22-23333 filers
₹43,012.69 crFY23-24354 filers
₹47,785.11 crFY24-25352 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 274 companies over three years

+18%
FY22-23₹39,359.86 cr−₹2,853.20 cr net
FY23-24₹40,904.29 cr−₹2,943.74 cr net
FY24-25₹46,620.55 cr−₹2,540.35 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr14126% profitable
₹1–10 cr10856% profitable
₹10–100 cr7450% profitable
₹100–1,000 cr2152% profitable
Over ₹1,000 cr850% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking96
0–20%60
20–50%62
50–100%35
Doubled+65

318 companies with accounts for both years; median growth +21%.

Profitability

Profit is concentrated at the top

150profitable
201loss-making
-5.9%aggregate margin
-5.3%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Klug KlugKLUG TECH PRIVATE LIMITED+361%₹17.59 cr
WishlinkCREATORMON PRIVATE LIMITED+340%₹56.44 cr
FollowGFOLLOWG GLOBAL PRIVATE LIMITED+235%₹239.11 cr
ShipmozoTENSOR LOGISTICS PRIVATE LIMITED+196%
ShipGlobal.inSHIP GLOBAL EXPRESS PRIVATE LIMITED
FshipFIXFEELS TECHNOLOGIES PRIVATE LIMITED₹37.02 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
DotPeDOTPE PRIVATE LIMITED
OMSGuruOMSGURU SOLUTIONS PRIVATE LIMITED₹17.55 cr
DayspringDAYSPRING TECHNOLOGIES PRIVATE LIMITED31.2%
AdbrewADBREW SOFTWARE PRIVATE LIMITED
Litmus7LITMUS7 SYSTEMS CONSULTING PRIVATE LIMITED24.2%₹266.64 cr
eMshoppeEMPULSE RESEARCH AND DATA ANALYTICS (INDIA) PRIVATE LIMITED₹17.86 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Logistics tech31₹30,491.61 cr~₹37.0 cr57%-6.2%
E-commerce enablers189₹13,918.94 cr~₹1.8 cr46%-2.8%
Brands tech24₹768.28 cr~₹2.8 cr38%-60.8%
B2b e-commerce13₹526.07 cr~₹89 lakh38%15.6%
Marketingtech13₹520.38 cr~₹11.8 cr31%-9.2%
Enterprise resource planning7₹207.69 cr~₹1.8 cr57%1.3%
Fashion tech10₹157.21 cr~₹57 lakh40%-29.2%
In store retail tech11₹103.82 cr~₹2.5 cr18%-8.0%
Leaders

Largest e-commerce enablers companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
EkartINSTAKART SERVICES PRIVATE LIMITED₹14,165.40 cr−₹1,508.40 cr-10.6%+14%
DelhiveryDELHIVERY LIMITED₹8,708.83 cr₹112.53 cr1.3%+10%
CocobluCOCOBLU RETAIL LIMITED₹6,540.36 cr₹96.48 cr1.5%+19%
ElasticRunNTEX TRANSPORTATION SERVICES PRIVATE LIMITED₹2,765.76 cr−₹145.11 cr-5.2%+9%
ShadowfaxShadowfax Technologies Limited₹2,496.74 cr₹6.22 cr0.2%+32%
XpressBeesBUSYBEES LOGISTICS SOLUTIONS PRIVATE LIMITED₹2,348.03 cr−₹318.93 cr-13.6%-6%
Creative NewtechCREATIVE NEWTECH LIMITED₹1,665.54 cr₹25.56 cr1.5%-0%
RipplrINTELLIGENT RETAIL PRIVATE LIMITED₹1,169.65 cr−₹90.81 cr-7.8%+13%
LoadShareLOADSHARE NETWORKS PRIVATE LIMITED₹437.98 cr−₹29.30 cr-6.7%+26%
BRND.MEMensa Brand Technologies Private Limited₹416.59 cr−₹252.83 cr-60.7%-20%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full e-commerce enablers landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the e-commerce enablers landscape of India
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

E-commerce enablers funding and M&A across India

904 recorded equity rounds have gone to 2,111 e-commerce enablers companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months14

US$96.61m

equity rounds, last 24 months62

US$295.74m

raised over five yearsUS$3.29bn

425 rounds in India

M&A deals, India31

last 24 months

Capital by year

Equity funding into e-commerce enablers in India

amount rounds
$373m201863
$828m201983
$190m202063
$1.4bn2021125
$1.0bn2022107
$369m202385
$220m202459
$224m202542
$47m20267

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$1.41bn across 125 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$9.53m51 rounds · median US$132k
SeedUS$214.50m241 rounds · median US$492k
Series AUS$607.00m64 rounds · median US$5.27m
Series BUS$604.61m30 rounds · median US$12.00m
Series CUS$381.11m20 rounds · median US$17.45m
Series D+US$1.02bn16 rounds · median US$49.55m
Where the money went · five years

Most-funded sub-sectors

E-commerce enablersUS$1.33bn178 rounds · 87 companies
Logistics techUS$1.20bn79 rounds · 28 companies
Brands techUS$414.25m47 rounds · 20 companies
B2b e-commerceUS$109.10m17 rounds · 8 companies
Business intelligenceUS$49.10m1 rounds · 1 companies
Online groceryUS$48.39m5 rounds · 2 companies
Social commerceUS$45.62m13 rounds · 5 companies
Corporate activity · last 24 months

M&A in India

29Acquisition
1Merger
1Buyout

Most active acquirers

  1. Delhivery5
  2. Unicommerce5
  3. Globalbees2
  4. Interluxe Group and North & Warren2
  5. Pine labs1

Most acquired or merged

  1. Delhivery5
  2. Ecom express5
  3. Shipway4
  4. Quinn2
  5. Intelligence node2

Each deal appears in the events strip at the top of the page.

E-commerce enablers funding in India

214 e-commerce enablers companies in India have recorded equity funding, US$6.45bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind e-commerce enablers companies in India. 879 of 1,497 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India e-commerce enablers companies by sub-sector

The most common specialisations among e-commerce enablers companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring e-commerce enablers in India and nearby markets.

Coming soon