Company lists
The India edition · 2026

In store retail techcompanies in India

POS & retail ERP, omnichannel & e-commerce, analytics & AI, marketing & loyalty, grocery & restaurants and more: the companies building in store retail tech in India, with their founders, funding, team size and business models.

706 company profiles230 with reported revenue91 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent in store retail tech business events in India

Funding, M&A, contract wins and launches involving 1,122 in store retail tech companies in India, last 24 months: 6 funding rounds · 4 M&A deals · 2 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

M&AAcquisition · Terminated

Zaggle Prepaid Ocean Services acquires Effiasoft

Zaggle Prepaid Ocean Services has announced its decision to not proceed with the acquisition of a 51% stake in Effiasoft Private Limited.

Funding

Innoviti

Another notable deal came from fintech startup Innoviti, which secured $11.4 million in funding from investors including Bessemer Venture Partners, along with several angel investors and…

Investors Bessemer venture partners, Several angel investors, Family offices
Fintech
FundingSeries M

Innoviti

Fintech soonicorn Innoviti has closed its Series M funding round at ₹104 Cr ($11.4 Mn).

Investors Bessemer venture partners, Ola Electric backer Ashutosh Joshi, Arihant Patni of Patni Family Office, JuliaHub cofounder Deepak Vinchhi
Fintech
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 · Announced

Movate acquires Prescience decision solutions

Plano-based Movate, a global digital technology services provider, has acquired Prescience Decision Solutions, a Bangalore, India-based firm specializing in AI, data science, and…

AI, data science, advanced analytics
Funding

Shopkirana

After these, Info Edge invested in startups, including men's grooming brand Ustra, B2B ecommerce platform Shopkirana, edtech platform Adda247, omni channel inter-city bus travel platform…

Investors Info edge
LaunchLighthouse.AI

Genefied

Genefied, a leading IT services and consulting company, unveiled its flagship product, Lighthouse.AI, at RESCCON 2025—its premier Retention & Scalability Conference held on April 17 at…

AI Agent
LaunchSingleinterface AI

Singleinterface

The Asia-based retail tech giant has flipped the switch on its next big thing: a full-stack AI platform called Singleinterface AI—designed to give every single store location across the…

Retail AI platform
M&AAcquisition · Announced

Zaggle Prepaid Ocean Services acquires Effiasoft

the Board also considered a proposal to acquire a 5.67% stake in Effiasoft from Mr Koushik Shee and Mr. Akula Krishna Rao, existing shareholders, for a consideration of ₹4.59 crore.

FundingSeed

Taqtics

Taqtics, a Software-as-a-Service (SaaS) platform dedicated to streamlining store operations, has secured $1.2 million in a seed funding round led by Sprout Venture Partners and…

SaaS
FundingAcquisition

Tango eye

Last year, it announced its acquisition of Tango Eye, an artificial intelligence-based computer vision startup, for an undisclosed sum.

Investors Lenskart
Artificial intelligence / computer vision

In store retail tech companies in India, by revenue

Browse in store retail tech 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 230 in store retail tech 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

Provider of a technology platform for retail business management and growth

In store retail tech
₹1,118.23 crFY 2021-22
+332%2021–2022
359-63% 12 mo to Feb 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Retail Marketing and Mystery Services

In store retail tech
₹556.93 crFY 2024-25
+47%2024–2025
1,191recorded
20 yr2006
12postings · last posted Sep 2026

Provider of operations monitoring solutions for the retail businesse

In store retail tech
₹298.59 crFY 2024-25
+29%2024–2025
157+17% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months · last posted May 2026

Provider of POS hardware and software solutions

In store retail tech
₹272.20 crFY 2024-25
+2%2024–2025
359LinkedIn · Jul 2026
40 yr1986
0none in 3 months · last posted Jun 2026

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

Provider of retail audit and customized in-store services

Brands tech
₹197.84 crFY 2024-25
+11%2024–2025
211+100% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of payment and revenue assurance software for retail businesses

In store retail tech
₹144.45 crFY 2024-25
+32%2024–2025
602-30% 12 mo to Sep 2024LinkedIn · Jul 2026
24 yr2002
1postings · last posted Aug 2026

Provider of hardware and software solutions for different industries

Payments
₹91.74 crFY 2021-22
Not reported
173+16% 12 mo to Aug 2024LinkedIn · Jul 2026
56 yr1970
0none in 3 months · last posted Jun 2026

Provider of POS devices for businesses

In store retail tech
₹95.47 crFY 2024-25
+18%2024–2025
35+20% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Platform offering B2B textile procurement services

Fashion tech
₹87.08 crFY 2024-25
+16%2024–2025
129+11% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
1postings · last posted Jul 2026

Platform offering inventory management and omnichannel supply chain solutions

Brands tech
₹85.46 crFY 2024-25
Not reported
309LinkedIn · Jul 2026
10 yr2016
1postings · last posted Jul 2026

Provider of digital transformation sevices

In store retail tech
₹71.85 crFY 2024-25
+28%2024–2025
37LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of operation management solutions for retail businesses

In store retail tech
₹64.91 crFY 2024-25
+17%2024–2025
69+1% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
1postings · last posted Jul 2026

Platform offering cloud-based ERP for retail industry

In store retail tech
₹64.18 crFY 2024-25
+18%2024–2025
398+34% 12 mo to Jul 2024LinkedIn · Jul 2026
20 yr2006
5postings · last posted Sep 2026

Platform offeirng cloud based end to end eCommerce and retail solution

E-commerce enablers
₹62.90 crFY 2024-25
-4%2024–2025
535-3% 12 mo to Apr 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of online marketing solutions for in-store retailers

In store retail tech
SGD 9.26mDec 2024
-15%2023–2024
330LinkedIn · Jul 2026
12 yr2014
1postings · last posted Aug 2026

Interactive display technologies

In store retail tech
₹51.06 crFY 2024-25
+37%2024–2025
61+14% 12 mo to Sep 2024LinkedIn · Jul 2026
17 yr2009
1postings · last posted Sep 2026

Provider of end-to-end omni-channel solutions for online business development

Enterprise resource planning
₹49.43 crFY 2024-25
-80%2024–2025
252LinkedIn · Jul 2026
15 yr2011
1postings · last posted Jul 2026

Platform offering POS software for business

In store retail tech
₹41.06 crFY 2024-25
+61%2024–2025
905-18% 12 mo to Sep 2022LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Provider of multistore retail POS software solutions

In store retail tech
₹37.02 crFY 2024-25
+13%2024–2025
371+2% 12 mo to Sep 2024LinkedIn · Jul 2026
30 yr1996
0none in 3 months

Provider of enterprise resource planning software for retail and manufacturing

Scm software
₹30.41 crFY 2024-25
+21%2024–2025
300+11% 12 mo to Aug 2024LinkedIn · Jul 2026
33 yr1993
5postings · last posted Aug 2026

Retail Business Management Software

In store retail tech
₹28.80 crFY 2023-24
-41%2023–2024
2-100% 12 mo to Mar 2024recorded Mar 2024
22 yr2004
0none in 3 months

Provider of cloud based integrated video surveillance systems

Security & surveillance technology
₹28.26 crFY 2024-25
+38%2024–2025
1+27% 12 mo to Aug 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Provider of storefront solution, POS, and delivery solution for grocery store

E-commerce enablers
₹28.04 crFY 2024-25
+11%2024–2025
130-13% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
0none in 3 months

Platform that enables brands to source, design, and operate retail stores

In store retail tech
₹27.85 crFY 2024-25
+360%2024–2025
40LinkedIn · Jul 2026
5 yr2021
1postings · last posted Sep 2026
50 of 706 companies shown here · the full list is on Radar
Fliar Radar

Explore all 706 in store retail tech companies in India on Radar

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

Open in store retail tech in India on Radar
  • Every company, not just 50All 706 in store retail tech 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 in store retail tech companies in India by what you are looking for

Browse top in store retail tech companies in India, from POS and ERP to analytics and loyalty. You can also find in store retail tech startups in India and companies hiring.

8 ways to explore in store retail tech in India

POS, billing & retail ERP softwareOmnichannel & e-commerce enablers for retailersRetail analytics, AI & computer visionIn-store marketing, loyalty & customer engagementGrocery & restaurant store technologySmart store, IoT & autonomous retail

POS, billing & retail ERP software

Point-of-sale, billing and ERP software for retail stores.

  1. Essae-Teraoka

    Provider of POS hardware and software solutions

    In store retail tech
    See in list
  2. Innoviti

    Provider of payment and revenue assurance software for retail businesses

    In store retail tech
    See in list
  3. Evolute

    Provider of hardware and software solutions for different industries

    Payments
    See in list
  4. Ginesys

    Platform offering cloud-based ERP for retail industry

    In store retail tech
    See in list
  5. ZopSmart

    Provider of end-to-end omni-channel solutions for online business development

    Enterprise resource planning
    See in list

Omnichannel & e-commerce enablers for retailers

Platforms that connect stores, inventory and online selling.

  1. FollowG

    B2B solutions for the mobile and electronics retail sector

    B2b e-commerce
    See in list
  2. Locofast

    Platform offering B2B textile procurement services

    Fashion tech
    See in list
  3. Increff

    Platform offering inventory management and omnichannel supply chain solutions

    Brands tech
    See in list
  4. Ginesys

    Platform offering cloud-based ERP for retail industry

    In store retail tech
    See in list
  5. Vinculum

    Platform offeirng cloud based end to end eCommerce and retail solution

    E-commerce enablers
    See in list

Retail analytics, AI & computer vision

Analytics, AI and image recognition tools for store performance.

  1. Retail Scan

    Provider of retail audit and customized in-store services

    Brands tech
    See in list
  2. ClicFlyer

    Cloud based dashboard and reporting platform

    Brands tech
    See in list
  3. Infilect

    Provider of image recognition and AI-powered analytics for retail execution

    In store retail tech
    See in list
  4. Stylumia

    Platform offering AI powered predictive data analytics for fashion industry

    In store retail tech
    See in list
  5. Constems-AI

    Provider of computer vision powered solutions for surveillance and video analytics

    In store retail tech
    Website

In-store marketing, loyalty & customer engagement

Loyalty, proximity marketing and customer engagement for retailers.

  1. Nvincy

    Provider of digital transformation sevices

    In store retail tech
    See in list
  2. SingleInterface

    Provider of online marketing solutions for in-store retailers

    In store retail tech
    See in list
  3. TouchMagix

    Interactive display technologies

    In store retail tech
    See in list
  4. Xeno

    AI based customer engagement platform for businesses

    In store retail tech
    See in list
  5. SumMor

    Provider of sales and distribution solutions for wholesalers and distributors

    Online grocery
    Website

Grocery & restaurant store technology

Technology for grocery stores, restaurants and food retailers.

  1. Etailgrocer

    Provider of storefront solution, POS, and delivery solution for grocery store

    E-commerce enablers
    See in list
  2. KIDA

    Retailer of electronics, home appliances, and consumer goods via e-commerce

    In store retail tech
    See in list
  3. Nukkad Shops

    Provider of POS solution for businesses

    In store retail tech
    Website
  4. nStore

    Provider of digital commerce solutions for enterprises, brands, and MSMEs

    In store retail tech
    Website
  5. Taqtics

    Solution for retail and restaurant operations

    Enterprise resource planning
    Website

Smart store, IoT & autonomous retail

Sensors, surveillance and autonomous store technology.

  1. IoT ready

    Provider of IoT-powered operational traceability platform

    Logistics tech
    Website
  2. Xplorazzi

    Visual merchandising solutions for consumer goods companies

    Iot applications
    Website
  3. Aurify Systems

    Developer of AI and IoT-based footfall count solution for retail industry

    Computer vision
    Website
  4. AtmoPlay

    Provider of a IoT based infotainment broadcasting system

    In store retail tech
    Website
  5. Preksh

    Augmented reality solution for offline furniture retailers

    Security & surveillance technology
    Website

In store retail tech startups in India

Recently founded in store retail tech companies in India.

  1. FollowG

    B2B solutions for the mobile and electronics retail sector

    B2b e-commerce
    See in list
  2. LiteStore

    Platform that enables brands to source, design, and operate retail stores

    In store retail tech
    See in list
  3. Yatrikart

    Chains providing snacks beverages and daily essentials at transit hubs

    E-commerce enablers
    See in list
  4. Doco

    Platform offering AI- and ML-powered distributor network optimization

    In store retail tech
    Website
  5. Sioniq Tech

    Platform offering ERP software for Jewellery Businesses

    In store retail tech
    Website
113 companies in India

In store retail tech companies hiring in India

In store retail tech companies with open jobs right now.

  1. Channelplay

    Retail Marketing and Mystery Services

    In store retail tech
    See in list
  2. Infotek Software

    Provider of operations monitoring solutions for the retail businesse

    In store retail tech
    See in list
  3. Essae-Teraoka

    Provider of POS hardware and software solutions

    In store retail tech
    See in list
  4. Innoviti

    Provider of payment and revenue assurance software for retail businesses

    In store retail tech
    See in list
  5. Evolute

    Provider of hardware and software solutions for different industries

    Payments
    See in list
37 companies in India
Mobile reach

Top 10 in store retail tech apps from India

The most-installed Android apps published by in store retail tech companies headquartered in India — 106.3M installs between them. 175 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Khatabook Credit Account Book

by Khatabook

Installs96.2M
Rating4.39583K ratings
Installs, year on year+15%
Last updatedMay 2026
View on Google Play ↗
Khatabook Credit Account Book screenshot 1Khatabook Credit Account Book screenshot 2Khatabook Credit Account Book screenshot 3Khatabook Credit Account Book screenshot 4Khatabook Credit Account Book screenshot 5Khatabook Credit Account Book screenshot 6
2

ClicFlyer-Weekly Deals, Coupon

by ClicFlyer

Installs5.5M
Rating4.021K ratings
Installs, year on year+21%
Last updatedMay 2026
View on Google Play ↗
ClicFlyer-Weekly Deals, Coupon screenshot 1ClicFlyer-Weekly Deals, Coupon screenshot 2ClicFlyer-Weekly Deals, Coupon screenshot 3ClicFlyer-Weekly Deals, Coupon screenshot 4ClicFlyer-Weekly Deals, Coupon screenshot 5ClicFlyer-Weekly Deals, Coupon screenshot 6
4

Pay1 Merchant

by Pay1

Installs1.3M
Rating4.1112K ratings
Last updatedMay 2026
View on Google Play ↗
Pay1 Merchant screenshot 1Pay1 Merchant screenshot 2Pay1 Merchant screenshot 3Pay1 Merchant screenshot 4
5

Checko

by Checko

Installs365K
Rating—
Last updatedMar 2026
View on Google Play ↗
Checko screenshot 1Checko screenshot 2
6

Zybra GST Billing & Accounting

by Zybra

Installs280K
Rating3.56841 ratings
Installs, year on year+11%
Last updatedMay 2026
View on Google Play ↗
Zybra GST Billing & Accounting screenshot 1Zybra GST Billing & Accounting screenshot 2Zybra GST Billing & Accounting screenshot 3Zybra GST Billing & Accounting screenshot 4Zybra GST Billing & Accounting screenshot 5Zybra GST Billing & Accounting screenshot 6
7

RoyalPOS - Restaurant & Retail

by RoyalPOS

Installs227K
Rating4.44455 ratings
Installs, year on year+16%
Last updatedApr 2026
View on Google Play ↗
RoyalPOS - Restaurant & Retail screenshot 1RoyalPOS - Restaurant & Retail screenshot 2RoyalPOS - Restaurant & Retail screenshot 3RoyalPOS - Restaurant & Retail screenshot 4RoyalPOS - Restaurant & Retail screenshot 5RoyalPOS - Restaurant & Retail screenshot 6
9

QueueBuster POS Super App

by QueueBuster

Installs211K
Rating2.67183 ratings
Last updatedAug 2025
View on Google Play ↗
QueueBuster POS Super App screenshot 1QueueBuster POS Super App screenshot 2QueueBuster POS Super App screenshot 3QueueBuster POS Super App screenshot 4QueueBuster POS Super App screenshot 5QueueBuster POS Super App screenshot 6
10

Fsmart B2B

by RODEO

Installs208K
Rating—
Last updatedMar 2026
View on Google Play ↗
Fsmart B2B screenshot 1Fsmart B2B screenshot 2Fsmart B2B screenshot 3
The business behind the activity

In store retail tech financials in India

Revenue, profit and growth from the filed annual accounts of 191 in store retail tech companies in India for FY24-25 — 251 of the 706 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 51% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹3,071.87 cr

191 companies filing accounts

combined net profit−₹73.01 cr

-2.4% aggregate margin

are profitable53%

101 of 191 companies

median revenue~₹1.6 cr

the typical company

median revenue growth+13%

into FY24-25

earned by the top five51%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,713.35 crFY19-20179 filers
₹2,089.02 crFY20-21189 filers
₹3,291.97 crFY21-22193 filers
₹2,538.36 crFY22-23197 filers
₹2,715.18 crFY23-24193 filers
₹3,071.87 crFY24-25191 filers

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

Like-for-like

The same 164 companies over three years

+13%
FY22-23₹2,414.72 cr−₹56.17 cr net
FY23-24₹2,493.24 cr−₹53.66 cr net
FY24-25₹2,719.75 cr−₹51.22 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 cr8137% profitable
₹1–10 cr7461% profitable
₹10–100 cr3070% profitable
₹100–1,000 cr683% profitable
Over ₹1,000 cr0—

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

Momentum

How fast revenue moved into FY24-25

Shrinking59
0–20%44
20–50%36
50–100%22
Doubled+17

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

Profitability

Profit is concentrated at the top

101profitable
90loss-making
-2.4%aggregate margin
0.2%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
LiteStorePOPSPACE TECHNOLOGIES PRIVATE LIMITED+360%₹27.85 cr
FollowGFOLLOWG GLOBAL PRIVATE LIMITED+235%₹239.11 cr
YatrikartYK RETAILS PRIVATE LIMITED
UltraCashULTRACASH TECHNOLOGIES PRIVATE LIMITED
ChannelplayCHANNELPLAY LIMITED+47%₹556.93 cr
trulySafeDEEKSHAA INFOSYSTEMS PRIVATE LIMITED+38%₹28.26 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Intellect CommerceINTELLECT COMMERCE LIMITED
Essae-TeraokaESSAE -TERAOKA PRIVATE LIMITED26.7%₹272.20 cr
ZopSmartRARAMURI TECHNOLOGY PRIVATE LIMITED22.2%₹49.43 cr
TouchMagixTOUCHMAGIX MEDIA PRIVATE LIMITED15.8%₹26.64 cr
Infotek SoftwareINFOTEK SOFTWARE AND SYSTEMS PRIVATE LIMITED15.6%₹298.59 cr
trulySafeDEEKSHAA INFOSYSTEMS PRIVATE LIMITED11.8%₹28.26 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
In store retail tech94₹2,004.08 cr~₹1.9 cr56%-1.7%
Brands tech7₹306.72 cr~₹3.7 cr57%-4.9%
Enterprise resource planning32₹143.84 cr~₹1.3 cr62%5.2%
E-commerce enablers11₹136.91 cr~₹7.2 cr55%-11.5%
Payments6₹56.22 cr~₹1.3 cr50%-20.4%
Marketingtech8₹23.26 cr~₹2.5 cr38%-21.5%
Leaders

Largest in store retail tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
ChannelplayCHANNELPLAY LIMITED₹556.93 cr₹7.13 cr1.3%+47%
Infotek SoftwareINFOTEK SOFTWARE AND SYSTEMS PRIVATE LIMITED₹298.59 cr₹46.62 cr15.6%+29%
Essae-TeraokaESSAE -TERAOKA PRIVATE LIMITED₹272.20 cr₹72.75 cr26.7%+2%
FollowGFOLLOWG GLOBAL PRIVATE LIMITED₹239.11 cr₹38.81 lakh0.2%+235%
Retail ScanRETAIL SCAN MANAGEMENT SERVICES PRIVATE LIMITED₹197.84 cr₹51.05 lakh0.3%+11%
InnovitiINNOVITI TECHNOLOGIES PRIVATE LIMITED₹144.45 cr−₹62.13 cr-43.0%+32%
MobiOceanMOBI OCEAN TECHNOLOGIES PRIVATE LIMITED₹95.47 cr3.7%+18%
LocofastLOCOFAST ONLINE SERVICES PRIVATE LIMITED₹87.08 cr−₹2.36 cr-2.7%+16%
IncreffNEXTSCM SOLUTIONS PRIVATE LIMITED₹85.47 cr−₹15.76 cr-18.4%-7%
NvincyNVINCY SOLUTIONS PRIVATE LIMITED₹71.85 cr₹3.63 cr5.1%+28%
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 in store retail tech 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 in store retail tech 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

In store retail tech funding and M&A across India

347 recorded equity rounds have gone to 1,122 in store retail tech 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 months4

US$14.81m

equity rounds, last 24 months12

US$24.41m

raised over five yearsUS$617.69m

122 rounds in India

M&A deals, India4

last 24 months

Capital by year

Equity funding into in store retail tech in India

amount rounds
$31m201834
$182m201943
$98m202038
$213m202139
$310m202229
$21m202327
$52m202417
$9.2m20258
$13m20262

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$310.23m across 29 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$3.57m21 rounds · median US$120k
SeedUS$90.78m63 rounds · median US$242k
Series AUS$77.79m12 rounds · median US$4.09m
Series BUS$122.29m9 rounds · median US$4.00m
Series CUS$166.43m8 rounds · median US$5.09m
Series D+US$156.84m9 rounds · median US$10.00m
Where the money went · five years

Most-funded sub-sectors

In store retail techUS$324.67m59 rounds · 26 companies
Vernacular platformsUS$100.00m1 rounds · 1 companies
Online groceryUS$89.88m10 rounds · 3 companies
Business intelligenceUS$49.10m1 rounds · 1 companies
Fashion techUS$15.00m1 rounds · 1 companies
Brands techUS$12.67m6 rounds · 3 companies
E-commerce enablersUS$9.17m15 rounds · 6 companies
Corporate activity · last 24 months

M&A in India

4Acquisition

Most active acquirers

  1. Zaggle Prepaid Ocean Services2
  2. Hiveloop ECommerce Pvt Ltd (HEPL)1
  3. Movate1

Most acquired or merged

  1. Effiasoft2
  2. Shopkirana1
  3. Prescience decision solutions1

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

In store retail tech funding in India

91 in store retail tech companies in India have recorded equity funding, US$998.36m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind in store retail tech companies in India. 430 of 706 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India in store retail tech companies by sub-sector

The most common specialisations among in store retail tech companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring in store retail tech in India and nearby markets.

Coming soon