Company lists
The Indore edition · 2026

Retailcompanies in Indore

Fashion, beauty, e-commerce, retail tech, gifting and more: the companies building retail in Indore, Madhya Pradesh, with their founders, funding, team size and business models.

191 company profiles46 with reported revenue9 with recorded fundingOctober 2026 edition
Indore · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent retail business events in India

Funding, M&A, contract wins and launches involving 29,697 retail companies in India, last 24 months: 317 funding rounds · 252 M&A deals · 120 launches · 94 Contracts. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Announced

Meesho acquires Kirana club

The renowned e-commerce company Meesho has acquired the platform 'Kirana Club' which serves small retailers. The deal of around ₹202 crore has given the opportunity to the existing…

Small retailers
ContractSupply

Welspun One · client: Amazon India

Signed deals include a 5.9 lakh sq. ft. single-box facility for Amazon India

Logistics
ContractSupply

Sbc exports · client: HUXXE Readymade Garments Trading LLC

SBC Exports has secured an export order worth around Rs 18 crore from M/s HUXXE Readymade Garments Trading LLC. The order is for supply of various Garment articles including T-Shirts,…

Textiles
FundingFresh Funding

Magicpin

Magicpin, a hyperlocal discovery and rewards platform, has raised $20 million, or Rs 142 crore, in a fresh round of funding led by venture capital firm Lightspeed Venture Partners.

Investors Lightspeed venture partners, Lightspeed India Partners, Waterbridge ventures
Hyperlocal discovery and rewards platform
Launch25th Store

Newme

NEWME Opens 25th Store In India, Expands Retail Presence With Vadodara Launch Fashion-tech brand NEWME has achieved a major retail milestone with the launch of its new...

Fashion-tech Retail
ContractService

BrandMan Retail · client: Skechers India

Skechers India has selected Brandman Retail as an authorized reseller to manage its business across online marketplaces including Amazon, Flipkart, Myntra, Ajio, Tata CLiQ, and Nykaa…

Retail
FundingPre-Series C

Zouk

Zouk is preparing for its next phase of growth with a fresh ₹60 crore pre-Series C funding round, reinforcing investor confidence in one of India's fastest-growing D2C fashion and…

D2C fashion and lifestyle
FundingStrategic Investment

Rosada

Rosada, an Indian premium kids lifestyle brand, announced an undisclosed strategic investment from Shilpa ShettyKundra.

Investors Shilpa ShettyKundra
Kids lifestyle
LaunchHOPPR® AI Foundry

Hoppr

HOPPR today announced that HOPPR® AI Foundry is now available in AWS Marketplace.

Medical imaging AI development
M&AAcquisition · Announced

Popees baby care acquires Popees Baby Care Products

The Board of Popees Baby Care India Limited (formerly Hari Govind International Limited) has considered and deliberated upon a proposed strategic acquisition and investment transaction…

Baby care and kidswear
LaunchTata Neu

Tata digital

Among the most ambitious attempts is Tata Neu, the super app developed by Tata Digital. Launched to unify the Tata Group's consumer businesses under one platform, Tata Neu combines…

Super App
M&AAcquisition · Announced

L'Oreal India acquires Innovist

L'Oreal India is in advanced talks to acquire a majority stake in Innovist, the parent company of direct-to-consumer beauty brands like Bare Anatomy.

Beauty
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
LaunchCCNow

Culture Circle

Culture Circle, India's curated marketplace for premium sneakers, streetwear, luxury fashion and lifestyle, today announced the launch of CCNow, a same-day delivery service going live…

Premium sneakers, streetwear, luxury fashion and lifestyle marketplace
LaunchMyntra EORS

Myntra

Myntra EORS Set To Empower 15,000 Emerging Brands Across Indian Fashion Ecosystem Advancing its role as a growth catalyst for India's e-lifestyle ecosystem, Myntra has announced the...

Fashion / E-commerce Support
FundingFirst Institutional Funding

Yes madam

The shift comes as at-home salon platform Yes Madam has secured its first institutional funding round from Info Edge after nine years of bootstrapping

Investors Info edge
At-home salon platform
M&AAcquisition · Completed

Itc acquires Mother Sparsh

ITC increased its stake in Mother Sparsh to 49.32% after acquiring an additional stake in the baby and personal care brand for Rs 30 crore.

Ayurvedic and natural personal care
M&AAcquisition · Completed

Articore acquires Frankly wearing

Articore, the company behind global creator marketplaces Redbubble and TeePublic, announced it has completed the acquisition of India-based print-on-demand creator marketplace Frankly…

Print-on-demand creator marketplace
M&AAcquisition · Completed

The Estée Lauder Cos. acquires Forest essentials

The Estée Lauder Cos., for example, recently entered into an agreement to acquire the remaining 51 percent of Indian ayurvedic beauty brand Forest Essentials.

Beauty
M&AMerger · Announced

Amazon India acquires Amazon MX Player

Amazon India on Thursday announced the strategic merger of Amazon MX Player and Prime Video, creating a single, comprehensive streaming platform.

Streaming
M&AAcquisition · Completed

Articore Group acquires Frankly wearing

Articore has completed the acquisition of Frankly Wearing, an India-based print-on-demand creator marketplace, for US$900,000.

Print-on-demand creator marketplace
LaunchDoctor on Call

Flipkart

In addition to training employees to recognise the signs of heat stress early on, Flipkart is enhancing rest rooms, making sure employees have access to water, providing 'Doctor on Call'…

Health Service
FundingPre‑seed

MHYTH

MHYTH secured ₹5 crore (~$600,000) in pre‑seed funding, backed by a Mumbai‑based single‑family office led by businessman Mohammed Asief Khan.

Investors Mohammed Asief Khan
Luxury innerwear and lifestyle
FundingSeries A

Kisah

Kisah Raises ₹35.9 Cr in Series A Round Men's and kids' ethnic wear brand Kisah has raised ₹35.9 crore in a Series A round led by Fireside Ventures, with several individual investors…

Investors Fireside ventures, Several individual investors
Ethnic wear
Launch40% discount promotion (code FUTURE)

Tradeify

Tradeify, a U.S.-based proprietary trading firm specializing in futures markets, today announced the return of its flagship 40% discount across all funded account programs.

Promotional discount
Launch

Cashify

Cashify announced that its offline footprint has expanded to 95 cities with over 250 Cashify’s Branded outlets.

M&AAcquisition · Completed

Jsw one acquires Buildnext

JSW One Platforms Limited, the e-commerce arm of the $24 billion JSW Group, has concluded the acquisition of tech-enabled construction startup BuildNext.

Tech-enabled construction
M&AAcquisition · Announced

JSW One Platforms acquires BuildNext Construction Solutions

IPO-bound B2B marketplace JSW One Platforms has acquired Pidilite Ventures-backed proptech startup BuildNext Construction Solutions as it looks to expand its presence in India's…

Proptech
Funding

Ultrahuman

On the other hand, Ultrahuman continues to lead the health wearable space with a $48 million round, helping people track their metabolism in real-time.

M&AAcquisition · Announced

Burgundy brand collective acquires Le Mill

Burgundy Brand Collective has agreed to buy Le Mill for an undisclosed sum in a deal expected to see the multi-brand retailer expand beyond its single Mumbai location into multiple…

Retail companies in Indore, by revenue

Browse retail companies in Indore by reported revenue, one-year revenue growth, revenue model, age and stage. The 46 companies below are the largest by their most recent reported revenue among 46 retail companies in Indore, Madhya Pradesh 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 46

Online retailer offering a wide range of electronic products

Retail chains
₹739.27 crFY 2024-25
+8%2024–2025
351LinkedIn · Jul 2026
26 yr2000
0none in 3 months · last posted Jun 2026

Manufacturer and wholesaler of gold jewelry

Wholesalers
₹316.47 crFY 2021-22
Not reported
7LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Manufacturer and supplier of baby feeding bottles, baby diaper pants, and kids wear

Wholesalers
₹130.53 crFY 2021-22
Not reported
118+93% 12 mo to Sep 2024recorded Sep 2024
55 yr1971
—No postings tracked

Online retailer of vegan bath, body, skincare, fragrance products

Beauty & personal care products
₹137.48 crFY 2024-25
+34%2024–2025
144-22% 12 mo to Feb 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Platform offering B2B supply chain solutions

Rural ecommerce
₹102.71 crFY 2024-25
-6%2024–2025
40LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Online B2B marketplace platform offering agricultural products

Crop tech
₹59.45 crFY 2024-25
-59%2024–2025
235-6% 12 mo to Sep 2024recorded Sep 2024
8 yr2018
0none in 3 months

Limited information available

Retailers
₹44.33 crFY 2024-25
+49%2024–2025
49LinkedIn · Jul 2026
13 yr2013
0none in 3 months · last posted Nov 2025

App-based platform provides gaming gift cards

Online gifting
₹33.02 crFY 2024-25
+41%2024–2025
1LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Vakpati Jewellers is one of the leading ''Designer Lightweight Hallmark Gold Jewellery'' Supplier in Central India.

Wholesalers
₹23.23 crFY 2021-22
Not reported
12+27% 12 mo to Feb 2024LinkedIn · Jul 2026
—
—No postings tracked

Chains providing snacks beverages and daily essentials at transit hubs

E-commerce enablers
₹21.74 crFY 2024-25
+64%2024–2025
58+36% 12 mo to Sep 2024LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Jun 2026

Internet first brand offering customized home textiles

Home improvements
₹11.58 crFY 2021-22
Not reported
38LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Internet first brand offering natural skincare products

Beauty tech
₹12.48 crFY 2024-25
+4064%2024–2025
8LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Dec 2024

Supplier of knitted fabrics, cotton lycra fabric, and matty fabrics

Wholesalers
₹8.24 crFY 2024-25
+18%2024–2025
—Not available
3 yr2023
0none in 3 months

Provider of an app-based platform for farming products and services

B2b e-commerce
₹7.35 crFY 2024-25
-36%2024–2025
67-58% 12 mo to Aug 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Sep 2025

Internet first brand of incense sticks

Home care products
₹6.57 crFY 2024-25
+21%2024–2025
250LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of digital marketing and application development services

B2b e-commerce
₹6.22 crFY 2024-25
+42%2024–2025
63+114% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Online marketplace for building drawings

Local services
₹6.06 crFY 2024-25
-4%2024–2025
387-48% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
1postings · last posted Aug 2026

Internet first brand offering multi-category consumer electronic products

Consumer electronics e-commerce
₹3.89 crFY 2024-25
+34%2024–2025
4LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Online B2B marketplace offering multi-category agricultural products

B2b e-commerce
₹3.34 crFY 2024-25
-11%2024–2025
29LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Internet-first brand offering multi-category organic skincare products

Beauty tech
₹2.50 crFY 2024-25
+23%2024–2025
45LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Jul 2026

Platform providing customer experience and support tools

Marketingtech
₹2.32 crFY 2024-25
+28%2024–2025
10LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Online listing platform for agriculture supplies

B2b e-commerce
₹1.74 crFY 2024-25
Not reported
3LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Online B2B platform offering a wide range of beauty and personal care products and accessories

Beauty tech
₹1.28 crFY 2022-23
-58%2022–2023
—Not available
8 yr2018
0none in 3 months

Internet first brand offering toys for kids

Mom & baby care
₹1.12 crFY 2024-25
+185%2024–2025
1LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Online marketplace for fruits and vegetables

Online grocery
₹78.65 lakhFY 2024-25
+10%2024–2025
22LinkedIn · Jul 2026
8 yr2018
0none in 3 months
46 of 191 companies shown here · the full list is on Radar
Fliar Radar

Explore all 191 retail companies in Indore on Radar

This page shows the top 46. Radar has the complete, filterable list with contacts and live company signals.

Open retail in Indore on Radar
  • Every company, not just 50All 191 retail companies in Indore, 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 retail companies in Indore by what you are looking for

Browse top retail companies in Indore, from online fashion and beauty brands to e-commerce platforms. You can also find retail startups in Indore and retail companies hiring in Indore.

8 ways to explore retail in Indore

Fashion, apparel & jewellery brandsBeauty & personal care brandsE-commerce platforms & online marketplacesE-commerce enablers & retail softwareOnline gifting & personalised productsHome, baby & kids products

Fashion, apparel & jewellery brands

Online fashion, ethnic wear and jewellery brands.

  1. Vakpati

    Vakpati Jewellers is one of the leading ''Designer Lightweight Hallmark Gold Jewellery'' Supplier in Central India.

    Wholesalers
    See in list
  2. Aynaa

    Online platform offering a curated collection of ethnic wear apparel for women and men

    Apparel brands
    See in list
  3. 2Ballz

    Online fashion brand offering sustainable innerwear products for men

    Fashion tech
    See in list
  4. Athea

    Internet first brand offering precious jewellery

    Fashion tech
    See in list
  5. Vivo Madhya Pradesh

    We now have over 200,000,000 users and are one of the preferred brands of young people around the world.

    Internet first brands
    Website

Beauty & personal care brands

Skincare, haircare and beauty product brands selling online.

  1. Kimirica

    Online retailer of vegan bath, body, skincare, fragrance products

    Beauty & personal care products
    See in list
  2. The Skin Diet Company

    Internet first brand offering natural skincare products

    Beauty tech
    See in list
  3. Plumax

    Online B2B platform offering a wide range of beauty and personal care products and accessories

    Beauty tech
    See in list
  4. Dear Me

    Provider of luxurious ayurveda-infused skincare products for self-care rituals

    Beauty tech
    See in list
  5. House of EM5

    Retailer of perfumes

    Beauty tech
    Website

E-commerce platforms & online marketplaces

Online shopping platforms and marketplaces for many product categories.

  1. Plantix Partner

    Online B2B marketplace platform offering agricultural products

    Crop tech
    See in list
  2. Farmkart

    Provider of an app-based platform for farming products and services

    B2b e-commerce
    See in list
  3. Softberry

    Provider of digital marketing and application development services

    B2b e-commerce
    See in list
  4. Makemyhouse

    Online marketplace for building drawings

    Local services
    See in list
  5. KisaanTrade

    Online listing platform for agriculture supplies

    B2b e-commerce
    See in list

E-commerce enablers & retail software

Software, POS and support services that help retailers sell.

  1. Yatrikart

    Chains providing snacks beverages and daily essentials at transit hubs

    E-commerce enablers
    See in list
  2. Nextel

    Platform providing customer experience and support tools

    Marketingtech
    See in list
  3. Oyu Infotech

    Multi-industry ERP software provider

    Enterprise resource planning
    See in list
  4. Zarainforise

    Provider of software for retail liquor business and inventory management

    In store retail tech
    Website
  5. AppVyapar

    Platform offering POS solution for businesses

    In store retail tech
    See in list

Online gifting & personalised products

Gift hampers, customised gifts and handicrafts.

  1. Gamers Gift

    App-based platform provides gaming gift cards

    Online gifting
    See in list
  2. Toffay

    Online gifting brand offering customized portrait paintings

    Art e-commerce
    Website
  3. Kustom Kraft

    Online gifting platform offering multi-category personalised gifting products

    Online gifting
    Website
  4. Hamperfry Gifting

    Online retailer of curated gift hampers for various occasions

    Online gifting
    Website
  5. Online Kharidi

    Online gifting platform for flowers & cakes

    Online gifting
    Website

Home, baby & kids products

Home decor, furnishing, toys and baby care products.

  1. Mahaveer Cotton

    Internet first brand offering customized home textiles

    Home improvements
    See in list
  2. Conscious

    Kids clothing brand offering garments and pillows

    Baby & kids products
    See in list
  3. Kyari

    Provider of indoor plants, planters, and plant care solutions

    Home furnishing products
    Website
  4. Bumtum

    Retailer of baby diapers, wipes, skincare, toys, and related accessories

    Mom & baby care
    Website
  5. Balaji Advertising

    Online store offering customized neon signs

    Online home improvements
    Website

Retail startups in Indore

Newer retail companies founded in recent years.

  1. Yatrikart

    Chains providing snacks beverages and daily essentials at transit hubs

    E-commerce enablers
    See in list
  2. The Skin Diet Company

    Internet first brand offering natural skincare products

    Beauty tech
    See in list
  3. Custo

    Provider of personalized accessories brand

    Fashion tech
    See in list
  4. Khilonamart

    Online platform offering wholesale toys to retailers directly from certified manufacturers

    B2b e-commerce
    See in list
  5. Vertexon

    E-commerce platform offering a wide range of electronic products

    Consumer electronics e-commerce
    See in list
44 companies in Indore

Retail companies hiring in Indore

Retail employers currently recruiting.

  1. Lotus Electronics

    Online retailer offering a wide range of electronic products

    Retail chains
    See in list
  2. HomeStrap

    Limited information available

    Retailers
    See in list
  3. Yatrikart

    Chains providing snacks beverages and daily essentials at transit hubs

    E-commerce enablers
    See in list
  4. The Skin Diet Company

    Internet first brand offering natural skincare products

    Beauty tech
    See in list
  5. Farmkart

    Provider of an app-based platform for farming products and services

    B2b e-commerce
    See in list
12 companies in Indore
Mobile reach

Top 10 retail apps from Indore

The most-installed Android apps published by retail companies headquartered in Indore — 1.5M 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

Garbh Sanskar: KRISHNA COMING

by Krishna Coming

Installs1.0M
Rating3.768K ratings
Last updatedMay 2026
View on Google Play ↗
Garbh Sanskar: KRISHNA COMING screenshot 1Garbh Sanskar: KRISHNA COMING screenshot 2Garbh Sanskar: KRISHNA COMING screenshot 3Garbh Sanskar: KRISHNA COMING screenshot 4Garbh Sanskar: KRISHNA COMING screenshot 5Garbh Sanskar: KRISHNA COMING screenshot 6
3

Uoons Electronics Shopping App

by Uoons

Installs92K
Rating—
Last updatedJul 2025
View on Google Play ↗
Uoons Electronics Shopping App screenshot 1Uoons Electronics Shopping App screenshot 2Uoons Electronics Shopping App screenshot 3Uoons Electronics Shopping App screenshot 4Uoons Electronics Shopping App screenshot 5Uoons Electronics Shopping App screenshot 6
5

TapOnn - Digital Business Card

by TapOnn

Installs55K
Rating—
Last updatedJan 2026
View on Google Play ↗
TapOnn - Digital Business Card screenshot 1TapOnn - Digital Business Card screenshot 2TapOnn - Digital Business Card screenshot 3TapOnn - Digital Business Card screenshot 4TapOnn - Digital Business Card screenshot 5TapOnn - Digital Business Card screenshot 6
9

AppVyapar BillBook

by AppVyapar

Installs9K
Rating—
Last updatedMay 2026
View on Google Play ↗
AppVyapar BillBook screenshot 1AppVyapar BillBook screenshot 2AppVyapar BillBook screenshot 3AppVyapar BillBook screenshot 4AppVyapar BillBook screenshot 5AppVyapar BillBook screenshot 6
10

Kimirica

by Kimirica

Installs8K
Rating—
Last updatedMar 2026
View on Google Play ↗
Kimirica screenshot 1Kimirica screenshot 2Kimirica screenshot 3Kimirica screenshot 4Kimirica screenshot 5
The business behind the activity

Retail financials in Indore

Revenue, profit and growth from the filed annual accounts of 42 retail companies in Indore, Madhya Pradesh for FY24-25 — 48 of the 191 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 83% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,248.63 cr

42 companies filing accounts

combined net profit−₹76.65 cr

-6.1% aggregate margin

are profitable48%

20 of 42 companies

median revenue~₹1.4 cr

the typical company

median revenue growth+22%

into FY24-25

earned by the top five83%

revenue concentration

Six-year view

Combined revenue of filing companies

₹505.93 crFY19-2017 filers
₹509.60 crFY20-2120 filers
₹659.16 crFY21-2226 filers
₹919.60 crFY22-2336 filers
₹1,164.89 crFY23-2440 filers
₹1,248.63 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

+36%
FY22-23₹917.80 cr−₹35.67 cr net
FY23-24₹1,162.42 cr−₹51.81 cr net
FY24-25₹1,244.12 cr−₹75.92 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 cr2020% profitable
₹1–10 cr1182% profitable
₹10–100 cr967% profitable
₹100–1,000 cr250% 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

Shrinking16
0–20%3
20–50%11
50–100%3
Doubled+7

40 companies with accounts for both years; median growth +22%.

Profitability

Profit is concentrated at the top

20profitable
22loss-making
-6.1%aggregate margin
-0.9%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
VakpatiVAKPATI JEWELLERS LIMITED+96%₹93.70 cr
YatrikartYK RETAILS PRIVATE LIMITED+64%₹21.74 cr
HomeStrapHOMESTRAP FABRIC FURNISHING LIMITED+49%₹44.33 cr
Primus CommercialsPRIMUS COMMERCIALS PRIVATE LIMITED+41%
Gamers GiftGAMERSGIFT TECH AND MEDIA PRIVATE LIMITED+41%₹33.02 cr
KimiricaKIMIRICA LIFESTYLE PRIVATE LIMITED+37%₹37.71 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Arihant JewellersARIHANT JEWELLERS PRIVATE LIMITED7.5%₹25.70 cr
HomeStrapHOMESTRAP FABRIC FURNISHING LIMITED2.7%₹44.33 cr
Gamers GiftGAMERSGIFT TECH AND MEDIA PRIVATE LIMITED2.6%₹33.02 cr
The Skin Diet CompanyH&H HEALTH CARE & COSMETICS PRIVATE LIMITED0.9%₹12.48 cr
Lotus ElectronicsCPR DISTRIBUTORS PRIVATE LIMITED0.8%₹739.27 cr
VakpatiVAKPATI JEWELLERS LIMITED0.6%₹93.70 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
B2b e-commerce5₹19.12 cr~₹3.3 cr60%-8.6%
Leaders

Largest retail companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Lotus ElectronicsCPR DISTRIBUTORS PRIVATE LIMITED₹739.27 cr₹5.73 cr0.8%+8%
Vyapaar VistaarVYAPAAR VISTAAR TECH PRIVATE LIMITED₹100.95 cr−₹9.55 cr-9.5%-7%
VakpatiVAKPATI JEWELLERS LIMITED₹93.70 cr₹54.30 lakh0.6%+96%
Plantix PartnerPLANTIX AGRITECH INDIA PRIVATE LIMITED₹59.45 cr−₹67.46 cr-113.5%-59%
HomeStrapHOMESTRAP FABRIC FURNISHING LIMITED₹44.33 cr₹1.21 cr2.7%+49%
KimiricaKIMIRICA LIFESTYLE PRIVATE LIMITED₹37.71 cr−₹4.48 cr-11.9%+37%
Gamers GiftGAMERSGIFT TECH AND MEDIA PRIVATE LIMITED₹33.02 cr₹84.44 lakh2.6%+41%
Primus CommercialsPRIMUS COMMERCIALS PRIVATE LIMITED+41%
Arihant JewellersARIHANT JEWELLERS PRIVATE LIMITED₹25.70 cr₹1.92 cr7.5%+32%
YatrikartYK RETAILS PRIVATE LIMITED₹21.74 cr−₹3.29 cr-15.1%+64%
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

Retail Industry Landscape of India

The financials above are one chapter. The full retail landscape of Indore 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 retail landscape of Indore
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

Retail funding and M&A across India

5,650 recorded equity rounds have gone to 29,697 retail companies in India — how much, at which stage, into which sub-sectors, from whom, and how Indore compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months188

US$832.98m

equity rounds, last 24 months638

US$3.17bn

raised over five yearsUS$23.91bn

2,901 rounds in India

M&A deals, India252

last 24 months

Capital by year

Equity funding into retail in India

amount rounds
$2.0bn2018341
$3.6bn2019434
$7.7bn2020383
$10bn2021619
$4.3bn2022664
$4.1bn2023547
$2.5bn2024501
$2.2bn2025438
$580m2026132

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$10.31bn across 619 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$153.60m487 rounds · median US$100k
SeedUS$1.36bn1,536 rounds · median US$438k
Series AUS$2.65bn429 rounds · median US$3.87m
Series BUS$2.42bn192 rounds · median US$6.50m
Series CUS$2.11bn96 rounds · median US$20.00m
Series D+US$8.61bn147 rounds · median US$23.00m
Private equityUS$1.26bn3 rounds · median US$250.00m
Where the money went · five years

Most-funded sub-sectors

Horizontal e-commerceUS$5.93bn74 rounds · 36 companies
B2b e-commerceUS$2.47bn179 rounds · 76 companies
Fashion techUS$1.88bn470 rounds · 227 companies
Construction techUS$1.51bn38 rounds · 13 companies
Retail chainsUS$1.41bn35 rounds · 18 companies
Beauty techUS$1.41bn262 rounds · 108 companies
E-commerce enablersUS$1.33bn178 rounds · 87 companies
Corporate activity · last 24 months

M&A in India

232Acquisition
18Merger
1Announced

Most active acquirers

  1. Reliance retail18
  2. Honasa consumer9
  3. Dixon technologies7
  4. Na6
  5. Nykaa6

Most acquired or merged

  1. Sirona8
  2. Forest essentials7
  3. Sirona hygiene6
  4. Innovist5
  5. Delhivery5

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

Go deeper in the retail landscape reports:

Retail Industry Landscape of India

Retail funding in Indore

9 retail companies in Indore have recorded equity funding, US$24.94m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Indore

Meet the people behind retail companies in Indore. 94 of 191 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Indore retail companies by sub-sector

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

Keep exploring retail in India and nearby markets.

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