Company lists
The Mumbai edition · 2026

E-commerce enablerscompanies in Mumbai

B2B & brand platforms, logistics & fulfilment, fashion & jewellery tech, marketing tools, storefronts & social commerce and more: the companies building e-commerce enablers in Mumbai, Maharashtra, with their founders, funding, team size and business models.

136 company profiles51 with reported revenue25 with recorded fundingOctober 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 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

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

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

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

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

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 Mumbai, by revenue

Browse e-commerce enablers companies in Mumbai 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 51 e-commerce enablers companies in Mumbai, Maharashtra 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

Provider of software suite solutions for B2B

E-commerce enablers
₹1,801.47 crFY 2024-25
Not reported
185LinkedIn · Jul 2026
34 yr1992
0none in 3 months · last posted Jul 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

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

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

E-commerce enablers
₹185.01 crFY 2022-23
+37%2022–2023
156-26% 12 mo to Aug 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Jul 2026

Web development and technology solutions

B2b e-commerce
₹160.81 crFY 2024-25
+2%2024–2025
1,283+14% 12 mo to Oct 2022LinkedIn · Jul 2026
18 yr2008
0none in 3 months · last posted Jun 2026

Provider of warehousing, order fulfillment, and supply chain management services

Logistics tech
₹144.67 crFY 2024-25
+42%2024–2025
474+29% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Autonomous material flow solutions for e-commerce businesses

B2b e-commerce
₹90.96 crFY 2023-24
+4%2023–2024
317+11% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Multi carrier shipping solutions for e-commerce businesses

Logistics tech
₹88.44 crFY 2024-25
-24871%2024–2025
195+12% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jun 2026

Provider of marketing software solutions for e-commerce businesses

Marketing services
₹76.87 crFY 2024-25
+19%2024–2025
102+35% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
3postings · last posted Aug 2026

Provider of e-commerce & management solutions

E-commerce enablers
₹73.22 crFY 2024-25
-12%2024–2025
1,059-24% 12 mo to Sep 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months · last posted Mar 2026

Platform offering acquisition and scaling of e‑commerce businesses

Brands tech
₹42.34 crFY 2024-25
+59%2024–2025
123-46% 12 mo to Jun 2023LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Platform offering sales acceleration for E‑commerce

E-commerce enablers
₹36.84 crFY 2024-25
+96%2024–2025
170+62% 12 mo to Jul 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Platform offering a house of digital-first brands for celebrates

E-commerce enablers
SGD 5.37mFY 2022-23
Not reported
238+86% 12 mo to Oct 2023LinkedIn · Jul 2026
7 yr2019
1postings · last posted Aug 2026

Provider of B2B and e-commerce logistics solutions

E-commerce enablers
₹32.44 crFY 2024-25
+14%2024–2025
92-43% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Platform offering business software

Logistics tech
₹18.94 crFY 2022-23
Not reported
101-41% 12 mo to Sep 2024recorded Sep 2024
13 yr2013
0none in 3 months

On-Site marketing tool mainly through social platforms

Marketingtech
₹17.21 crFY 2024-25
+75%2024–2025
137+28% 12 mo to Jun 2023LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Developer of enterprise resource planning software for the jewellery industry

Manufacturing tech
₹16.78 crFY 2024-25
+30%2024–2025
48-11% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months · last posted Jun 2021

Platform offering storefront solutions for e-commerce businesses

B2b e-commerce
₹10.29 crFY 2024-25
-15%2024–2025
36-14% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Global ecommerce and social networking platform

E-commerce enablers
₹7.48 crFY 2021-22
Not reported
15LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Provider of one-click checkout and payment solutions for online businesses

Payments
₹8.13 crFY 2024-25
+226%2024–2025
31-8% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Mar 2026

Provider of technology platform enabling creators to build and scale brands

E-commerce enablers
₹6.53 crFY 2024-25
+50%2024–2025
194LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Platform offering reverse logistics solutions for brands

Logistics tech
₹6.52 crFY 2024-25
+7834%2024–2025
5LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Jul 2026

Provider of AI-powered retail solutions and IT observability tools

Logistics tech
₹6.06 crFY 2024-25
+17584%2024–2025
1recorded
13 yr2013
0none in 3 months

Provider of software solutions for customer engagement for e-commerce businesses

E-commerce enablers
₹5.99 crFY 2024-25
+46%2024–2025
42LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Apr 2026

AI-powered visual intelligence solutions for the beauty and personal care sector

Artificial intelligence
₹5.70 crFY 2024-25
-100%2024–2025
42-18% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months
50 of 136 companies shown here · the full list is on Radar
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Explore all 136 e-commerce enablers companies in Mumbai on Radar

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

Find the top e-commerce enablers companies in Mumbai, from storefront and store builder software to shipping and fulfilment providers. Browse e-commerce enabler startups in Mumbai by what they help online sellers do.

8 ways to explore e-commerce enablers in Mumbai

B2B e-commerce platforms & brand-building companiesE-commerce logistics, shipping & fulfilment companiesFashion, jewellery & in-store retail softwareE-commerce marketing, loyalty & analytics toolsOnline storefront builders & social commerce platformsE-commerce payments, financing & ERP software

B2B e-commerce platforms & brand-building companies

B2B marketplaces, commerce software suites and companies that build and scale online brands.

  1. Creative Newtech

    Provider of software suite solutions for B2B

    E-commerce enablers
    See in list
  2. Bizongo

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

    E-commerce enablers
    See in list
  3. Powerweave

    Web development and technology solutions

    B2b e-commerce
    See in list
  4. Nido Automation

    Autonomous material flow solutions for e-commerce businesses

    B2b e-commerce
    See in list
  5. Iksula

    Provider of e-commerce & management solutions

    E-commerce enablers
    See in list

E-commerce logistics, shipping & fulfilment companies

Shipping aggregators, warehousing and order fulfilment providers for online sellers.

  1. KD Logistics

    A provider of comprehensive supply chain solutions

    E-commerce enablers
    See in list
  2. Emiza

    Provider of warehousing, order fulfillment, and supply chain management services

    Logistics tech
    See in list
  3. BVC Logistics

    PaaS-based logistics management solutions for e-commerce businesses

    Freight forwarders
    Website
  4. iThink Logistics

    Multi carrier shipping solutions for e-commerce businesses

    Logistics tech
    See in list
  5. WOW Express

    Logistics solutions for the e-commerce industry

    Logistics tech
    Website

Fashion, jewellery & in-store retail software

Software for fashion, jewellery and retail businesses selling online and in store.

  1. Synergics Solutions

    Developer of enterprise resource planning software for the jewellery industry

    Manufacturing tech
    See in list
  2. Orbo

    AI-powered visual intelligence solutions for the beauty and personal care sector

    Artificial intelligence
    See in list
  3. Textronic

    Provides a range of CAD and CAM software for the textile industry

    In store retail tech
    See in list
  4. Relove

    A platform offering recommerce management software for fashion businesses

    Brands tech
    See in list
  5. Jwero

    Provider of AI-based e-commerce software suite solutions for jewelry businesses

    E-commerce enablers
    See in list

E-commerce marketing, loyalty & analytics tools

Marketing automation, loyalty, analytics and AI tools for online stores.

  1. Parity Cube

    Provider of marketing software solutions for e-commerce businesses

    Marketing services
    See in list
  2. ViralMint

    On-Site marketing tool mainly through social platforms

    Marketingtech
    See in list
  3. Orbo

    AI-powered visual intelligence solutions for the beauty and personal care sector

    Artificial intelligence
    See in list
  4. Nector

    SaaS based loyalty management software solutions for customer engagement

    E-commerce enablers
    See in list
  5. Iken Personics

    Customer analytics and personalised engagement platform

    Marketingtech
    See in list

Online storefront builders & social commerce platforms

Tools to launch online stores, catalogues and sell through social and live video.

  1. Kiko Live

    SaaS platform enabling retailers to set up digital storefronts

    E-commerce enablers
    See in list
  2. CoutLoot

    AI-powered short format and live video platform for businesses and entrepreneurs

    Social commerce
    See in list
  3. godigi.app

    Platform offering digital product catalog for businesses

    Social commerce
    See in list
  4. Eqomos

    Software solutions to create online stores for e-tailers

    B2b e-commerce
    Website
  5. Apptuse

    mCommerce platform for retail stores

    E-commerce enablers
    Website

E-commerce payments, financing & ERP software

Payments, working capital, accounting and ERP software for online businesses.

  1. MOS

    Provider of financial services for e-commerce businesses

    Alternative lending
    See in list
  2. Bizongo

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

    E-commerce enablers
    See in list
  3. Nimbbl

    Provider of one-click checkout and payment solutions for online businesses

    Payments
    See in list
  4. Fynd

    Fynd is a multi-platform tech company and India's largest omnichannel ecosystem.

    E-commerce enablers
    Website
  5. Direcpay

    Payment Gateway through internet and IVRS

    Payments
    Website

E-commerce enabler startups in Mumbai

Newer e-commerce enabler companies founded in the last few years.

  1. Evenflow

    Platform offering acquisition and scaling of e‑commerce businesses

    Brands tech
    See in list
  2. House of X

    Provider of technology platform enabling creators to build and scale brands

    E-commerce enablers
    See in list
  3. Ezy Reverse

    Platform offering reverse logistics solutions for brands

    Logistics tech
    See in list
  4. GoGlocal

    Provider of software solutions for customer engagement for e-commerce businesses

    E-commerce enablers
    See in list
  5. Inamo

    Platform offering operations outsourcing and fulfillment solutions

    E-commerce enablers
    See in list
39 companies in Mumbai

E-commerce enablers companies hiring in Mumbai

E-commerce enabler companies with open roles right now.

  1. Creative Newtech

    Provider of software suite solutions for B2B

    E-commerce enablers
    See in list
  2. Bizongo

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

    E-commerce enablers
    See in list
  3. Powerweave

    Web development and technology solutions

    B2b e-commerce
    See in list
  4. iThink Logistics

    Multi carrier shipping solutions for e-commerce businesses

    Logistics tech
    See in list
  5. Parity Cube

    Provider of marketing software solutions for e-commerce businesses

    Marketing services
    See in list
15 companies in Mumbai
Mobile reach

Top 10 e-commerce enablers apps from Mumbai

The most-installed Android apps published by e-commerce enablers companies headquartered in Mumbai — 18.9M installs between them. 22 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

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
2

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
3

Jd Omni Website Builder

by Jd Omni

Installs195K
Rating3.492K ratings
Last updatedFeb 2026
View on Google Play ↗
Jd Omni Website Builder screenshot 1
4

MOS Agent

by MOS

Installs98K
Rating—
Last updatedMay 2026
View on Google Play ↗
MOS Agent screenshot 1MOS Agent screenshot 2MOS Agent screenshot 3
7

OrboBeauty: Virtual Beauty App

by Orbo

Installs7K
Rating—
Last updatedSep 2025
View on Google Play ↗
OrboBeauty: Virtual Beauty App screenshot 1OrboBeauty: Virtual Beauty App screenshot 2OrboBeauty: Virtual Beauty App screenshot 3OrboBeauty: Virtual Beauty App screenshot 4
8

Glamora: AI Skin Scanner

by GlamAR

Installs6K
Rating—
Last updatedAug 2025
View on Google Play ↗
Glamora: AI Skin Scanner screenshot 1Glamora: AI Skin Scanner screenshot 2Glamora: AI Skin Scanner screenshot 3Glamora: AI Skin Scanner screenshot 4Glamora: AI Skin Scanner screenshot 5Glamora: AI Skin Scanner screenshot 6
10

Digital Dukaan Lofaz - Seller

by Lofaz

Installs3K
Rating—
Last updatedMay 2026
View on Google Play ↗
Digital Dukaan Lofaz - Seller screenshot 1Digital Dukaan Lofaz - Seller screenshot 2Digital Dukaan Lofaz - Seller screenshot 3Digital Dukaan Lofaz - Seller screenshot 4Digital Dukaan Lofaz - Seller screenshot 5Digital Dukaan Lofaz - Seller screenshot 6
The business behind the activity

E-commerce enablers financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 42 e-commerce enablers companies in Mumbai, Maharashtra for FY24-25 — 49 of the 136 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 85% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹2,992.97 cr

42 companies filing accounts

combined net profit₹28.98 cr

1.0% aggregate margin

are profitable43%

18 of 42 companies

median revenue~₹2.6 cr

the typical company

median revenue growth+13%

into FY24-25

earned by the top five85%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,339.63 crFY19-2023 filers
₹1,458.89 crFY20-2125 filers
₹1,781.49 crFY21-2230 filers
₹2,438.47 crFY22-2336 filers
₹2,915.07 crFY23-2440 filers
₹2,992.97 crFY24-2542 filers

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

Like-for-like

The same 34 companies over three years

+26%
FY22-23₹2,351.10 cr−₹16.18 cr net
FY23-24₹2,808.89 cr₹9.68 cr net
FY24-25₹2,959.01 cr₹39.27 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 cr1612% profitable
₹1–10 cr1346% profitable
₹10–100 cr862% profitable
₹100–1,000 cr4100% profitable
Over ₹1,000 cr1100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking10
0–20%11
20–50%5
50–100%5
Doubled+6

37 companies with accounts for both years; median growth +13%.

Profitability

Profit is concentrated at the top

18profitable
24loss-making
1.0%aggregate margin
-5.5%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
QuickSellAPPORT SOFTWARE SOLUTIONS PRIVATE LIMITED+96%₹36.84 cr
ViralMintViralmint Media Private Limited+75%₹17.21 cr
EmizaEMIZA SUPPLY CHAIN SERVICES PRIVATE LIMITED+43%₹143.85 cr
Synergics SolutionsSYNERGICS SOLUTIONS PRIVATE LIMITED+30%₹16.78 cr
BVC LogisticsB V C LOGISTICS PRIVATE LIMITED+16%₹263.29 cr
ShipyaariAVN BUSINESS SOLUTIONS PRIVATE LIMITED+14%₹32.44 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
ViralMintViralmint Media Private Limited8.3%₹17.21 cr
BVC LogisticsB V C LOGISTICS PRIVATE LIMITED₹263.29 cr
PowerweavePOWER WEAVE SOFTWARE SERVICES PRIVATE LIMITED4.6%₹141.53 cr
Synergics SolutionsSYNERGICS SOLUTIONS PRIVATE LIMITED4.1%₹16.78 cr
EmizaEMIZA SUPPLY CHAIN SERVICES PRIVATE LIMITED3.5%₹143.85 cr
iThink LogisticsIthink Logistic Quick Services Private Limited2.4%₹88.44 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
E-commerce enablers22₹2,221.21 cr~₹1.5 cr32%0.2%
Leaders

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

Company · legal entityRevenueNet resultMarginGrowth
Creative NewtechCREATIVE NEWTECH LIMITED₹1,665.54 cr₹25.56 cr1.5%-0%
KD LogisticsK D SUPPLY CHAIN SOLUTIONS PRIVATE LIMITED₹316.72 cr₹6.57 cr2.1%+12%
BVC LogisticsB V C LOGISTICS PRIVATE LIMITED₹263.29 cr₹12.97 cr+16%
EmizaEMIZA SUPPLY CHAIN SERVICES PRIVATE LIMITED₹143.85 cr₹5.02 cr3.5%+43%
PowerweavePOWER WEAVE SOFTWARE SERVICES PRIVATE LIMITED₹141.53 cr₹6.47 cr4.6%+3%
iThink LogisticsIthink Logistic Quick Services Private Limited₹88.44 cr₹2.15 cr2.4%+4%
IksulaIKSULA SERVICES PRIVATE LIMITED₹71.92 cr₹85.22 lakh1.2%-13%
Join VenturesJOIN VENTURES SOLUTIONS PRIVATE LIMITED₹70.40 cr−₹5.07 cr-7.2%+5%
Parity CubePARITY CUBE PRIVATE LIMITED₹66.26 cr₹1.16 cr1.7%+3%
QuickSellAPPORT SOFTWARE SOLUTIONS PRIVATE LIMITED₹36.84 cr−₹36.00 lakh-1.0%+96%
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

AdTech Industry Landscape of Mumbai

The financials above are one chapter. The full e-commerce enablers landscape of Mumbai 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 Mumbai
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 Mumbai compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months12

US$88.81m

equity rounds, last 24 months56

US$289.09m

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 Mumbai

25 e-commerce enablers companies in Mumbai have recorded equity funding, US$447.55m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind e-commerce enablers companies in Mumbai. 99 of 136 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai e-commerce enablers companies by sub-sector

The most common specialisations among e-commerce enablers companies in Mumbai. 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.

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