Company lists
The Mumbai edition · 2026

In store retail techcompanies in Mumbai

POS & payments, retail ERP, retail analytics, e-commerce, jewellery & fashion and more: the companies building in store retail tech in Mumbai, Maharashtra, with their founders, funding, team size and business models.

58 company profiles21 with reported revenue10 with recorded fundingOctober 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 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 Mumbai, by revenue

Browse in store retail tech companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 21 companies below are the largest by their most recent reported revenue among 21 in store retail tech 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 21 of 21

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 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

Consumer transaction technology provider for small and cooperative banks

In store retail tech
₹15.19 crFY 2021-22
Not reported
16+136% 12 mo to Jun 2023LinkedIn · Jul 2026
11 yr2015
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

Provider of ERP solution provider for jewelry manufacturers and traders

Enterprise resource planning
₹9.19 crFY 2024-25
+43%2024–2025
195+11% 12 mo to Sep 2024recorded Sep 2024
18 yr2008
0none in 3 months

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

Platform offering ERP software and solutions for distributors

Enterprise resource planning
₹3.16 crFY 2024-25
+75%2024–2025
—Not available
8 yr2018
0none in 3 months

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

In store retail tech
₹2.89 crFY 2022-23
Not reported
62LinkedIn · Jul 2026
36 yr1990
0none in 3 months

Anti-couterfeiting and retail analytics solutions

In store retail tech
₹2.19 crFY 2024-25
-13%2024–2025
20LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Business intelligence, reporting and operations management software for malls

In store retail tech
₹1.88 crFY 2024-25
+1308%2024–2025
8LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Platform offering analytics solution for retail businesses

In store retail tech
₹1.39 crFY 2021-22
-74%2021–2022
21-36% 12 mo to Dec 2022LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of software solutions for jewelry industry

Enterprise resource planning
₹1.32 crFY 2024-25
-54%2024–2025
16LinkedIn · Jul 2026
27 yr1999
0none in 3 months

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

Computer vision
₹1.31 crFY 2024-25
+0%2024–2025
16LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jun 2026

Provider of B2B marketplace for brands and ERP solutions

Enterprise resource planning
₹79.18 lakhFY 2024-25
+30%2024–2025
6LinkedIn · Jul 2026
12 yr2014
0none in 3 months

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

E-commerce enablers
₹75.82 lakhFY 2024-25
+7%2024–2025
18LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Cloud-based software solutions for multi-channel retailers

Payments
₹71.43 lakhFY 2024-25
-76%2024–2025
2recorded Aug 2017
14 yr2012
0none in 3 months

Online platform for online jewelry businesses

In store retail tech
₹37.98 lakhFY 2024-25
-21%2024–2025
17LinkedIn · Jul 2026
5 yr2021
1postings · last posted Sep 2026

Provider of a IoT based infotainment broadcasting system

In store retail tech
₹32.32 lakhFY 2021-22
Not reported
—Not available
8 yr2018
0none in 3 months

Provider of SaaS-based proximity marketing solutions for O2O businesses

Marketingtech
₹23.39 lakhFY 2022-23
-75%2022–2023
1LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Hyperlocal shopping and digital payment solutions for offline retailers

Payments
₹9.83 lakhFY 2024-25
-91%2024–2025
15-12% 12 mo to Jul 2024recorded Jul 2024
10 yr2016
0none in 3 months

Provider of operation management software solutions for retail businesses

In store retail tech
₹4.21 lakhFY 2023-24
+69%2023–2024
4-85% 12 mo to Apr 2024LinkedIn · Jul 2026
4 yr2022
0none in 3 months
21 of 58 companies shown here · the full list is on Radar
Fliar Radar

Explore all 58 in store retail tech companies in Mumbai on Radar

This page shows the top 21. Radar has the complete, filterable list with contacts and live company signals.

Open in store retail tech in Mumbai on Radar
  • Every company, not just 50All 58 in store retail tech companies in Mumbai, 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 Mumbai by what you are looking for

Browse in store retail tech companies in Mumbai, from POS and payment providers to retail analytics and ERP vendors. You can also see retail tech startups in Mumbai and companies that are hiring.

8 ways to explore in store retail tech in Mumbai

POS & in-store payment solution providersRetail ERP & store operations software companiesRetail analytics & customer intelligence companiesE-commerce & omnichannel enablers for retailersJewellery & fashion retail software companiesIn-store IoT, beacon & proximity marketing companies

POS & in-store payment solution providers

Smart POS terminals, payment platforms and retailer payment services.

  1. Evolute

    Provider of hardware and software solutions for different industries

    Payments
    See in list
  2. ePaisa

    Cloud-based software solutions for multi-channel retailers

    Payments
    See in list
  3. Minkville

    Hyperlocal shopping and digital payment solutions for offline retailers

    Payments
    See in list
  4. Pay1

    Provider of financial and utility services to retailers and distributors

    In store retail tech
    Website
  5. Watchdata Smart POS

    Smart POS terminal provider offering cloud-based solutions

    In store retail tech
    Website

Retail ERP & store operations software companies

ERP, accounting and operations software for retailers, distributors and jewellers.

  1. Acme Infovision

    Provider of ERP solution provider for jewelry manufacturers and traders

    Enterprise resource planning
    See in list
  2. Avax Pro Tech

    Platform offering ERP software and solutions for distributors

    Enterprise resource planning
    See in list
  3. VRS Software

    Provider of business applications and ERP

    Enterprise resource planning
    Website
  4. Onspot Solutions

    Anti-couterfeiting and retail analytics solutions

    In store retail tech
    See in list
  5. Channelier

    Provider of B2B marketplace for brands and ERP solutions

    Enterprise resource planning
    See in list

Retail analytics & customer intelligence companies

Analytics, computer vision and footfall tools that show how shoppers behave in stores.

  1. Retail Scan

    Provider of retail audit and customized in-store services

    Brands tech
    See in list
  2. Scoop Sense

    Business intelligence, reporting and operations management software for malls

    In store retail tech
    See in list
  3. Aurify Systems

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

    Computer vision
    See in list
  4. RadioLocus

    Consumer analytics for retail stores

    In store retail tech
    Website
  5. SocialCORE

    Provider of social media, SEO, paid ads, and content services

    Enterprise video
    Website

E-commerce & omnichannel enablers for retailers

Software suites that connect physical stores with online selling.

  1. Synergics Solutions

    Developer of enterprise resource planning software for the jewellery industry

    Manufacturing tech
    See in list
  2. iStreet Network

    Provider of AI-powered retail solutions and IT observability tools

    Logistics tech
    See in list
  3. Jwero

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

    E-commerce enablers
    See in list
  4. Gram Vyapar

    Provider of digital platform for unorganized retail distribution

    E-commerce enablers
    Website
  5. Dad of Cad

    Online jewelry design studio for e-commerce websites

    Manufacturing tech
    Website

Jewellery & fashion retail software companies

Software for jewellery and apparel stores, design and inventory.

  1. Synergics Solutions

    Developer of enterprise resource planning software for the jewellery industry

    Manufacturing tech
    See in list
  2. Textronic

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

    In store retail tech
    See in list
  3. Jwero

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

    E-commerce enablers
    See in list
  4. InstaLaxmi

    Online platform for online jewelry businesses

    In store retail tech
    See in list
  5. Dad of Cad

    Online jewelry design studio for e-commerce websites

    Manufacturing tech
    Website

In-store IoT, beacon & proximity marketing companies

Beacons, IoT devices and proximity marketing for shops and malls.

  1. AtmoPlay

    Provider of a IoT based infotainment broadcasting system

    In store retail tech
    See in list
  2. Inventa

    Provider of SaaS-based proximity marketing solutions for O2O businesses

    Marketingtech
    See in list
  3. BeaconsTalk

    Provider of agricultural machinery

    In store retail tech
    Website
  4. InteliTaap

    Platform offering proximity marketing solutions for retailers

    In store retail tech
    Website
  5. Textronic

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

    In store retail tech
    See in list

In store retail tech startups in Mumbai

Recently founded retail tech companies in Mumbai.

  1. InstaLaxmi

    Online platform for online jewelry businesses

    In store retail tech
    See in list
  2. BizzSetu

    Provider of operation management software solutions for retail businesses

    In store retail tech
    See in list
  3. EZOApp

    Software-based billing and invoicing for businesses

    In store retail tech
    Website
  4. ShypAssist

    Provider of web-based e-commerce fulfillment solutions

    In store retail tech
    Website
  5. bezelwise

    Provider of digital signage and kiosk solutions for in-store retail businesses

    In store retail tech
    Website
5 companies in Mumbai

In store retail tech companies hiring in Mumbai

Retail tech companies with open roles right now.

  1. Evolute

    Provider of hardware and software solutions for different industries

    Payments
    See in list
  2. Synergics Solutions

    Developer of enterprise resource planning software for the jewellery industry

    Manufacturing tech
    See in list
  3. Aurify Systems

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

    Computer vision
    See in list
  4. InstaLaxmi

    Online platform for online jewelry businesses

    In store retail tech
    See in list
4 companies in Mumbai
Mobile reach

Top 10 in store retail tech apps from Mumbai

The most-installed Android apps published by in store retail tech companies headquartered in Mumbai — 1.5M installs between them. 13 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

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
2

Ezeepay 2.0 by Retail Scan

by Retail Scan

Installs72K
Rating—
Last updatedJun 2026
View on Google Play ↗
Ezeepay 2.0 by Retail Scan screenshot 1Ezeepay 2.0 by Retail Scan screenshot 2Ezeepay 2.0 by Retail Scan screenshot 3Ezeepay 2.0 by Retail Scan screenshot 4Ezeepay 2.0 by Retail Scan screenshot 5Ezeepay 2.0 by Retail Scan screenshot 6
3

Evolute Print Service

by Evolute

Installs36K
Rating—
Last updatedJun 2023
View on Google Play ↗
Evolute Print Service screenshot 1Evolute Print Service screenshot 2Evolute Print Service screenshot 3Evolute Print Service screenshot 4Evolute Print Service screenshot 5Evolute Print Service screenshot 6
7

Bizzsetu

by BizzSetu

Installs4K
Rating—
Last updatedJan 2024
View on Google Play ↗
Bizzsetu screenshot 1Bizzsetu screenshot 2Bizzsetu screenshot 3Bizzsetu screenshot 4Bizzsetu screenshot 5
The business behind the activity

In store retail tech financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 14 in store retail tech companies in Mumbai, Maharashtra for FY24-25 — 22 of the 58 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 97% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹281.04 cr

14 companies filing accounts

combined net profit−₹1.15 cr

-0.4% aggregate margin

are profitable57%

8 of 14 companies

median revenue~₹1.6 cr

the typical company

median revenue growth+4%

into FY24-25

earned by the top five97%

revenue concentration

Six-year view

Combined revenue of filing companies

₹144.38 crFY19-2019 filers
₹184.94 crFY20-2117 filers
₹249.07 crFY21-2217 filers
₹276.00 crFY22-2317 filers
₹276.37 crFY23-2415 filers
₹281.04 crFY24-2514 filers

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

Like-for-like

The same 14 companies over three years

+10%
FY22-23₹256.42 cr₹6.52 cr net
FY23-24₹276.33 cr₹4.72 cr net
FY24-25₹281.04 cr−₹1.15 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 cr540% profitable
₹1–10 cr650% profitable
₹10–100 cr2100% profitable
₹100–1,000 cr1100% 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

Shrinking6
0–20%3
20–50%3
50–100%2
Doubled+0

14 companies with accounts for both years; median growth +4%.

Profitability

Profit is concentrated at the top

8profitable
6loss-making
-0.4%aggregate margin
0.3%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
Synergics SolutionsSYNERGICS SOLUTIONS PRIVATE LIMITED+30%₹16.78 cr
Retail ScanRETAIL SCAN MANAGEMENT SERVICES PRIVATE LIMITED+11%₹197.84 cr
EvoluteEVOLUTE FINTECH INNOVATIONS PRIVATE LIMITED-30%₹44.62 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Synergics SolutionsSYNERGICS SOLUTIONS PRIVATE LIMITED4.1%₹16.78 cr
EvoluteEVOLUTE FINTECH INNOVATIONS PRIVATE LIMITED0.3%₹44.62 cr
Retail ScanRETAIL SCAN MANAGEMENT SERVICES PRIVATE LIMITED0.3%₹197.84 cr
Leaders

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

Company · legal entityRevenueNet resultMarginGrowth
Retail ScanRETAIL SCAN MANAGEMENT SERVICES PRIVATE LIMITED₹197.84 cr₹51.05 lakh0.3%+11%
EvoluteEVOLUTE FINTECH INNOVATIONS PRIVATE LIMITED₹44.62 cr₹12.01 lakh0.3%-30%
Synergics SolutionsSYNERGICS SOLUTIONS PRIVATE LIMITED₹16.78 cr₹69.16 lakh4.1%+30%
Acme InfovisionACME INFOVISION SYSTEMS PRIVATE LIMITED₹9.19 cr₹97.78 lakh10.6%+43%
Avax Pro TechAVAXPRO TECH PRIVATE LIMITED₹3.16 cr₹3.60 lakh1.1%+75%
Onspot SolutionsONSPOT SOLUTIONS PRIVATE LIMITED₹2.19 cr−₹11.87 lakh-5.4%-13%
Scoop SenseDRANSFORMER LABS PRIVATE LIMITED₹1.88 cr₹23.66 lakh12.6%+70%
Effission SoftwareEFFISSION SOFTWARE PRIVATE LIMITED₹1.32 cr−₹20.69 lakh-15.7%-54%
Aurify SystemsAURIFY SYSTEMS PRIVATE LIMITED₹1.31 cr−₹5.14 lakh-3.9%+0%
ChannelierARACHNOMESH TECHNOLOGIES PRIVATE LIMITED₹79.18 lakh₹2.48 lakh3.1%+30%
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 in store retail tech 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 in store retail tech 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

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 Mumbai compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months4

US$14.81m

equity rounds, last 24 months10

US$22.62m

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 Mumbai

10 in store retail tech companies in Mumbai have recorded equity funding, US$3.48m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind in store retail tech companies in Mumbai. 39 of 58 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai in store retail tech companies by sub-sector

The most common specialisations among in store retail tech companies in Mumbai. 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