Company lists
The Ludhiana edition · 2026

Retailcompanies in Ludhiana

Fashion & apparel, retail stores, online retail, wholesalers, beauty and more: the companies building retail in Ludhiana, with their founders, funding, team size and business models.

109 company profiles23 with reported revenue4 with recorded fundingOctober 2026 edition
Ludhiana · 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: 315 funding rounds · 249 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

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
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
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
ContractSupply

Welspun One · client: Amazon India

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

Logistics
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

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
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
FundingSeries Funding

Ondc

The Open Network for Digital Commerce (ONDC) has raised Rs 220 crore from software company Zoho, ride-hailing platform Uber, fintech major Paytm and BSE Technologies, as the…

Investors Zoho, Uber, Paytm, Bse technologies
Digital commerce
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, which owns and operates popular global marketplaces Redbubble and TeePublic, has completed the acquisition of Frankly Wearing, an India-based print-on-demand creator marketplace.

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
Launch

Cashify

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

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
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
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
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 Ludhiana, by revenue

Browse retail companies in Ludhiana by reported revenue, one-year revenue growth, revenue model, age and stage. The 23 companies below are the largest by their most recent reported revenue among 23 retail companies in Ludhiana that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 23 of 23

Contract manufacturer of fabrics and garments

Consumer and sme loans
₹1,503.02 crFY 2023-24
Not reported
1,167LinkedIn · Oct 2026
77 yr1949
—No postings tracked

Wholesaler of textile related products

Wholesalers
₹1,326.16 crFY 2024-25
+7%2024–2025
101LinkedIn · Oct 2026
26 yr2000
0none in 3 months

Wholesaler of yarns for textile industry

Wholesalers
₹644.11 crFY 2021-22
Not reported
4,643+21% 12 mo to Sep 2024recorded Sep 2024
72 yr1954
—No postings tracked

Distributor of various types of fabrics for fashion, home, and industrial sectors

Wholesalers
₹513.29 crFY 2022-23
Not reported
375recorded
13 yr2013
0none in 3 months

Online retailer of women’s western-style clothing, accessories, and loungewear

Fashion tech
₹282.84 crFY 2024-25
-12%2024–2025
1,321-9% 12 mo to Sep 2024recorded Sep 2024
33 yr1993
0none in 3 months

Manufacturing and export company that specializes in creating high-quality readymade garments for men, women, and children

Wholesalers
₹160.18 crFY 2024-25
+33%2024–2025
—Not available
26 yr2000
0none in 3 months

Contract manufacturer of fabrics

Contract manufacturers
₹118.43 crFY 2021-22
Not reported
493-5% 12 mo to Sep 2024recorded Sep 2024
52 yr1974
—No postings tracked

Manufacturer and supplier of knitted fabrics including nylon mesh, 3D mesh, silk warp, and warp knitted mesh fabrics

Wholesalers
₹87.78 crFY 2021-22
Not reported
10-33% 12 mo to Sep 2024recorded Sep 2024
30 yr1996
—No postings tracked

Manufacturer, supplier & exporter of dyed yarns

Wholesalers
₹80.29 crFY 2021-22
Not reported
84+36% 12 mo to Sep 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Manufacturer and exporter of industrial fasteners

Wholesalers
₹68.22 crFY 2021-22
Not reported
143-5% 12 mo to Sep 2024recorded Sep 2024
21 yr2005
0none in 3 months

Leading producer of kitchen appliances

Retailers
₹58.90 crFY 2021-22
Not reported
102-3% 12 mo to Sep 2024recorded Sep 2024
56 yr1970
—No postings tracked

Online platform offering active wear

Fashion tech
₹49.39 crFY 2024-25
+51%2024–2025
39-18% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Apr 2026

Provider of sports facility design, construction, and surfacing solutions

Apparel brands
₹26.21 crFY 2023-24
Not reported
1LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Online fashion brand offering multi-category apparel and accessories for men

Fashion tech
₹7.70 crFY 2021-22
Not reported
—Not available
15 yr2011
1postings · last posted Aug 2026

Online retailer offering home textile products

Home improvements
₹4.30 crFY 2021-22
Not reported
8-17% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Brand of skin care products

Beauty & personal care products
₹3.73 crFY 2024-25
+113%2024–2025
—Not available
7 yr2019
0none in 3 months

Retailer of bed, bath, floor, table, yoga, and microfiber products

Home improvements
₹2.68 crFY 2024-25
-62%2024–2025
—Not available
17 yr2009
0none in 3 months

Contract based manufacturer of fabrics and garments

Contract manufacturers
₹1.98 crFY 2021-22
Not reported
—Not available
29 yr1997
—No postings tracked

Contract manufacturer of textiles

Contract manufacturers
₹1.84 crFY 2022-23
Not reported
4+16% 12 mo to Mar 2023LinkedIn · Oct 2026
47 yr1979
—No postings tracked

Online marketplace platform offering second hand sneakers

Fashion tech
₹1.05 crFY 2024-25
-50%2024–2025
16LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Provider of technology and infrastructure services for businesses

Retail chains
₹65.10 lakhFY 2021-22
-21%2021–2022
2+0% 12 mo to Mar 2023LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Internet first brand offering handcrafted home textiles

Home improvements
₹55.13 lakhFY 2021-22
Not reported
—Not available
12 yr2014
0none in 3 months

Provider of handcrafted white metal handicraft items

Retailers
₹13.35 lakhFY 2024-25
-27%2024–2025
—Not available
7 yr2019
0none in 3 months
23 of 109 companies shown here · the full list is on Radar
Fliar Radar

Explore all 109 retail companies in Ludhiana on Radar

This page shows the top 23. Radar has the complete, filterable list with contacts and live company signals.

Open retail in Ludhiana on Radar
  • Every company, not just 50All 109 retail companies in Ludhiana, 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 Ludhiana by what you are looking for

Find retail companies in Ludhiana, from apparel brands and retail stores to wholesalers and online retailers. Browse the types of retail stores and retail businesses in Ludhiana, including startups and companies that are hiring.

8 ways to explore retail in Ludhiana

Fashion & apparel brands and retailersRetail stores & retailersOnline retailers & e-commerce companiesWholesalers & textile suppliersBeauty & personal care brandsHome improvement & lifestyle products

Fashion & apparel brands and retailers

Clothing, footwear and accessories brands selling online and in stores.

  1. NAHAR Group

    Contract manufacturer of fabrics and garments

    Consumer and sme loans
    See in list
  2. Glamly.com

    Online retailer of women’s western-style clothing, accessories, and loungewear

    Fashion tech
    See in list
  3. WWTL Garments

    Manufacturing and export company that specializes in creating high-quality readymade garments for men, women, and children

    Wholesalers
    See in list
  4. CHKOKKO

    Online platform offering active wear

    Fashion tech
    See in list
  5. Black Buck

    Online fashion brand offering multi-category apparel and accessories for men

    Fashion tech
    See in list

Retail stores & retailers

Retailers and store operators selling consumer products.

  1. Oster

    Leading producer of kitchen appliances

    Retailers
    See in list
  2. Zenscale

    Cloud-based ERP solutions provider

    In store retail tech
    Website
  3. Kalingarup

    Provider of handcrafted white metal handicraft items

    Retailers
    See in list
  4. Altosindia

    Altos manufactures and distributes FMCG, ayurvedic medicine, home care, and beauty products.

    Retailers
    Website
  5. O2omode

    Retail chain of fashion clothes

    Retail chains
    Website

Online retailers & e-commerce companies

E-commerce platforms, marketplaces and services that help sell online.

  1. Glamly.com

    Online retailer of women’s western-style clothing, accessories, and loungewear

    Fashion tech
    See in list
  2. CHKOKKO

    Online platform offering active wear

    Fashion tech
    See in list
  3. Black Buck

    Online fashion brand offering multi-category apparel and accessories for men

    Fashion tech
    See in list
  4. Satcap India

    Online retailer offering home textile products

    Home improvements
    See in list
  5. SKAP India

    Retailer of bed, bath, floor, table, yoga, and microfiber products

    Home improvements
    See in list

Wholesalers & textile suppliers

Wholesalers, fabric suppliers and contract manufacturers supplying retailers.

  1. NAHAR Group

    Contract manufacturer of fabrics and garments

    Consumer and sme loans
    See in list
  2. S.T. Cottex Exports

    Wholesaler of textile related products

    Wholesalers
    See in list
  3. Ganga Acrowools

    Wholesaler of yarns for textile industry

    Wholesalers
    See in list
  4. Shiva Group

    Distributor of various types of fabrics for fashion, home, and industrial sectors

    Wholesalers
    See in list
  5. WWTL Garments

    Manufacturing and export company that specializes in creating high-quality readymade garments for men, women, and children

    Wholesalers
    See in list

Beauty & personal care brands

Skin care, cosmetics and salon brands and platforms.

  1. Oceglow

    Brand of skin care products

    Beauty & personal care products
    See in list
  2. SalonWings

    Offers salon and spa management software

    Sme business management software
    Website
  3. Cosmetics Hub

    It offers a wide selection of beauty products

    Beauty tech
    Website
  4. Studd Muffyn

    Online retailer offering multi-category beauty products

    Beauty tech
    Website
  5. Healthcamremedies

    Retailer of Ayurvedic and herbal healthcare, beauty, and joint care products

    Beauty tech
    Website

Home improvement & lifestyle products

Home textiles, decor and household product sellers.

  1. Satcap India

    Online retailer offering home textile products

    Home improvements
    See in list
  2. Royal DecoFurnishing

    Internet first brand offering handcrafted home textiles

    Home improvements
    See in list
  3. Printyourstyle

    Retailer of customized gifts for various occasions and personalized needs

    Online gifting
    Website
  4. Cinch Home

    E-commerce platform offering a range of home decor products

    Home improvements
    Website
  5. Shopping Mantra Online

    Online platform offering wall stickers

    Home improvements
    Website

Retail startups in Ludhiana

Newer retail and online brands founded in recent years.

  1. Floreal

    Online retailer of handcrafted crochet flowers, cardigans, keychains, and pots

    Horizontal e-commerce
    Website
  2. DR Handmades

    E-commerce platform offering multi-category handcrafted apparel for women

    Fashion tech
    Website
  3. SalonWings

    Offers salon and spa management software

    Sme business management software
    Website
  4. myTrident

    Online retailer offering multi-category home improvement and stationery products

    Stationery e-commerce
    Website
  5. Mlada

    Internet first brand of multi category casual wear for women

    Apparel brands
    Website
26 companies in Ludhiana

Retail companies hiring in Ludhiana

Retail companies in Ludhiana currently hiring.

  1. CHKOKKO

    Online platform offering active wear

    Fashion tech
    See in list
  2. Black Buck

    Online fashion brand offering multi-category apparel and accessories for men

    Fashion tech
    See in list
  3. Mi Arcus

    Online retailer of baby and maternity clothing, accessories, and furniture

    Mom & baby care
    Website
  4. Eastman Hand Tools

    Wholesaler of spanners and automotive & lubricants tools

    Wholesalers
    Website
  5. The Cosmetic World

    Online retailer specializing in the sale of cosmetics, beauty care products, and accessories

    Beauty tech
    Website
5 companies in Ludhiana
Mobile reach

Top 7 retail apps from Ludhiana

The most-installed Android apps published by retail companies headquartered in Ludhiana — 1.8M installs between them. 7 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 7
3

Altos Business Application

by Altosindia

Installs16K
Rating—
Last updatedNov 2025
View on Google Play ↗
Altos Business Application screenshot 1Altos Business Application screenshot 2Altos Business Application screenshot 3Altos Business Application screenshot 4Altos Business Application screenshot 5Altos Business Application screenshot 6
The business behind the activity

Retail financials in Ludhiana

Revenue, profit and growth from the filed annual accounts of 22 retail companies in Ludhiana for FY24-25 — 27 of the 109 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 87% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹3,130.91 cr

22 companies filing accounts

combined net profit₹191.68 cr

6.1% aggregate margin

are profitable86%

19 of 22 companies

median revenue~₹4.4 cr

the typical company

median revenue growth-6%

into FY24-25

earned by the top five87%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,677.10 crFY19-2016 filers
₹1,779.46 crFY20-2117 filers
₹2,692.22 crFY21-2218 filers
₹2,904.87 crFY22-2321 filers
₹2,983.59 crFY23-2423 filers
₹3,130.91 crFY24-2522 filers

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

Like-for-like

The same 20 companies over three years

+9%
FY22-23₹2,867.31 cr₹168.24 cr net
FY23-24₹2,949.59 cr₹178.32 cr net
FY24-25₹3,127.96 cr₹191.95 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 cr580% profitable
₹1–10 cr771% profitable
₹10–100 cr3100% profitable
₹100–1,000 cr6100% 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

Shrinking12
0–20%5
20–50%2
50–100%2
Doubled+1

22 companies with accounts for both years; median growth -6%.

Profitability

Profit is concentrated at the top

19profitable
3loss-making
6.1%aggregate margin
1.1%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
CHKOKKODLASKROSS PRIVATE LIMITED+51%₹49.39 cr
WWTL GarmentsWTL GARMENTS LIMITED+33%₹160.18 cr
Mitra Precise ForgeMITRA PRECISE FORGE PRIVATE LIMITED+14%₹100.09 cr
Ganga AcrowoolsGanga Acrowools Limited+10%₹856.49 cr
S.T. Cottex ExportsS.T. COTTEX EXPORTS PRIVATE LIMITED+7%₹1,326.16 cr
Kudu Knit ProcessKUDU KNIT PROCESS PRIVATE LIMITED+4%₹81.30 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Ganga AcrowoolsGanga Acrowools Limited18.4%₹856.49 cr
abhinandan knitsABHINANDAN KNITS PRIVATE LIMITED6.9%₹102.08 cr
VersatileVERSATILE ENTERPRISES PRIVATE LIMITED3.4%₹112.73 cr
WWTL GarmentsWTL GARMENTS LIMITED3.3%₹160.18 cr
Kudu Knit ProcessKUDU KNIT PROCESS PRIVATE LIMITED2.6%₹81.30 cr
CHKOKKODLASKROSS PRIVATE LIMITED1.5%₹49.39 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Wholesalers6₹2,626.29 cr~₹131.1 cr100%7.1%
Fashion tech6₹338.92 cr~₹2.6 cr83%0.3%
Leaders

Largest retail companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
S.T. Cottex ExportsS.T. COTTEX EXPORTS PRIVATE LIMITED₹1,326.16 cr₹13.14 cr1.0%+7%
Ganga AcrowoolsGanga Acrowools Limited₹856.49 cr₹157.77 cr18.4%+10%
MADAME, Glamly.comJAIN AMAR CLOTHING PRIVATE LIMITED₹282.84 cr₹85.59 lakh0.3%-12%
WWTL GarmentsWTL GARMENTS LIMITED₹160.18 cr₹5.35 cr3.3%+33%
VersatileVERSATILE ENTERPRISES PRIVATE LIMITED₹112.73 cr₹3.84 cr3.4%-7%
abhinandan knitsABHINANDAN KNITS PRIVATE LIMITED₹102.08 cr₹7.00 cr6.9%-9%
Mitra Precise ForgeMITRA PRECISE FORGE PRIVATE LIMITED₹100.09 cr₹1.27 cr1.3%+14%
Kudu Knit ProcessKUDU KNIT PROCESS PRIVATE LIMITED₹81.30 cr₹2.13 cr2.6%+4%
CHKOKKODLASKROSS PRIVATE LIMITED₹49.39 cr₹73.07 lakh1.5%+51%
Roop SquareROOP SQUARE PRIVATE LIMITED₹39.05 cr₹14.68 lakh0.4%-5%
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 Ludhiana 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 Ludhiana
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 Ludhiana 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, India249

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

229Acquisition
17Merger
2Announced

Most active acquirers

  1. Reliance retail18
  2. Honasa consumer9
  3. Dixon technologies7
  4. Na6
  5. Flipkart6

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 Ludhiana

4 retail companies in Ludhiana have recorded equity funding, US$20.44m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Ludhiana

Meet the people behind retail companies in Ludhiana. 33 of 109 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Ludhiana retail companies by sub-sector

The most common specialisations among retail companies in Ludhiana. 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.

Coming soon