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The Madhya Pradesh edition · 2026

Retailcompanies in Madhya Pradesh

Fashion, online stores, beauty, gifting, home & electronics and more: the companies building retail in Madhya Pradesh, with their founders, funding, team size and business models.

Explore in Radar See the ranked list ↓
421 company profiles70 with reported revenue15 with recorded fundingOctober 2026 edition
Madhya Pradesh · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent retail business events in Madhya Pradesh

Funding, M&A, contract wins and launches involving 580 retail companies in Madhya Pradesh, last 24 months: 5 funding rounds · 1 M&A deals. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Feb 2026.

Funding

House of EM5

This comes after recent investments in actor Samantha Ruth Prabhu’s Secret Alchemist and Indore-based House of EM5.

Investors Na
M&AAcquisition · Completed

Hiveloop ECommerce Pvt Ltd (HEPL) acquires Shopkirana

Info Edge, the parent company of Naukri.com, Jeevansathi.com, 99acres and Shiksha, on Friday announced that it has completed the transfer of its entire stake in its associate company…

Funding

Kimirica

"Carnelian Asset Management LLP, led by market veteran Vikas Khemani, has invested around $15 million (Rs 131.5 crore) in luxury beauty company Kimirica."

Investors Carnelian Asset Management LLP
Luxury beauty
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
FundingSeries A

Yatrikart

Transit retail chain Yatrikart has secured a strategic investment as a part of Series A funding round from MMG Group, the Indian partner of global giants McDonald's and Coca-Cola,…

Investors Mmg group
Retail
FundingEarly‑stage

Dear me

Interestingly, two other startups, Birla Brainiacs and Dear Me, have also secured funding but have chosen to keep their transaction details under wraps

Retail companies in Madhya Pradesh, by revenue

Browse retail companies in Madhya Pradesh 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 70 retail companies in 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 50

Online retailer offering a wide range of electronic products

Retail chains
₹739.27 crFY 2024-25
+8%2024–2025
358LinkedIn · Oct 2026
26 yr2000
0none in 3 months · last posted Jun 2026

Provider of designer wedding dresses and bridal lehengas

Retailers
₹517.56 crFY 2023-24
Not reported
381+12% 12 mo to Sep 2024recorded Sep 2024
13 yr2013
0none in 3 months

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

Digital market linkage platform connecting farmers, traders and agribusinesses

B2b e-commerce
₹66.98 crFY 2024-25
+53%2024–2025
11-15% 12 mo to Sep 2024recorded Sep 2024
11 yr2015
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

Digital-first D2C brand offering home organization, kitchen items, and decor

Home improvements
₹49.59 crFY 2024-25
+5126%2024–2025
151LinkedIn · Oct 2026
2 yr2024
0none in 3 months · last posted Jun 2026

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

Online supermarket for daily needs

Horizontal e-commerce
₹28.41 crFY 2024-25
-4%2024–2025
—Not available
24 yr2002
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

Online platform offering handcrafted multi-category consumer products

Apparel brands
₹24.33 crFY 2024-25
+2%2024–2025
36-20% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

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

Retailer of home and office furniture, lighting toys, kids' toys, and office chairs

Retailers
₹20.30 crFY 2024-25
-28%2024–2025
—Not available
26 yr2000
0none in 3 months

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 software suite solutions to hyperlocal businesses

E-commerce enablers
₹6.56 crFY 2024-25
-66%2024–2025
50-57% 12 mo to Sep 2024recorded Sep 2024
5 yr2021
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

Online e-distributor platform offering LED lights for businesses

B2b e-commerce
₹4.81 crFY 2024-25
-49%2024–2025
16+167% 12 mo to Sep 2024recorded Sep 2024
8 yr2018
0none in 3 months
50 of 421 companies shown here · the full list is on Radar
Fliar Radar

Explore all 421 retail companies in Madhya Pradesh on Radar

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

Open retail in Madhya Pradesh on Radar
  • Every company, not just 50All 421 retail companies in Madhya Pradesh, 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 Madhya Pradesh by what you are looking for

Browse the top retail companies in Madhya Pradesh, from fashion and beauty brands to online marketplaces and gifting. You can also see retail startups in Madhya Pradesh and who is hiring.

9 ways to explore retail in Madhya Pradesh

Fashion & apparel brands and retailersOnline stores & e-commerce marketplacesBeauty & personal care brandsOnline gifting & handicraft companiesHome improvement, decor & electronics sellersB2B e-commerce, wholesale & agri-commerce companies

Fashion & apparel brands and retailers

Online and offline sellers of clothing, ethnic wear, footwear and accessories.

  1. Arun Vastra Bhandar

    Provider of designer wedding dresses and bridal lehengas

    Retailers
    See in list
  2. iTokri

    Online platform offering handcrafted multi-category consumer products

    Apparel brands
    See in list
  3. Karghewale

    Retailer of handlooms and crafts apparel for the fashion industry

    Horizontal e-commerce
    See in list
  4. Custo

    Provider of personalized accessories brand

    Fashion tech
    See in list
  5. Aynaa

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

    Apparel brands
    See in list
73 companies in Madhya PradeshAll 57 fashion tech companies in Madhya Pradesh →

Online stores & e-commerce marketplaces

Multi-category online retailers and marketplaces selling to consumers.

  1. Lotus Electronics

    Online retailer offering a wide range of electronic products

    Retail chains
    See in list
  2. Arun Vastra Bhandar

    Provider of designer wedding dresses and bridal lehengas

    Retailers
    See in list
  3. Kimirica

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

    Beauty & personal care products
    See in list
  4. EFasal

    Digital market linkage platform connecting farmers, traders and agribusinesses

    B2b e-commerce
    See in list
  5. Plantix Partner

    Online B2B marketplace platform offering agricultural products

    Crop tech
    See in list
191 companies in Madhya PradeshAll 929 horizontal e-commerce companies in India →

Beauty & personal care brands

Skincare, fragrance and personal care products sold 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. Amrutam

    Provider of ayurvedic wellness and lifestyle brand

    Beauty & personal care products
    Website
18 companies in Madhya PradeshAll 1,397 beauty tech companies in India →

Online gifting & handicraft companies

Gift boxes, customised gifts, flowers and handmade products.

  1. Gamers Gift

    App-based platform provides gaming gift cards

    Online gifting
    See in list
  2. Finyty

    Online platform offering gift cards

    Online gifting
    See in list
  3. Harsh Hasthkala

    Internet first brand offering multi-category customized gift products

    Online gifting
    See in list
  4. The Zappy Box

    Internet first service of gifting themed & curated gift boxes

    Online gifting
    Website
  5. Toffay

    Online gifting brand offering customized portrait paintings

    Art e-commerce
    Website
31 companies in Madhya PradeshAll 546 online gifting companies in India →

Home improvement, decor & electronics sellers

Furniture, home decor, consumer electronics and mobile accessories.

  1. Home Essentials

    Digital-first D2C brand offering home organization, kitchen items, and decor

    Home improvements
    See in list
  2. Mahaveer Cotton

    Internet first brand offering customized home textiles

    Home improvements
    See in list
  3. Uoons

    Doorstep repairing solution for mobile phone

    Consumer electronics e-commerce
    Website
  4. TapOnn

    Provider of NFC-enabled products for instant sharing of digital business profiles

    Sales force automation
    Website
  5. Lilyport

    Online retailer offering eco-friendly home products

    Home improvements
    Website
48 companies in Madhya PradeshAll 851 home improvements companies in India →

B2B e-commerce, wholesale & agri-commerce companies

Wholesalers, B2B marketplaces and farm produce platforms.

  1. Vyapaar Vistaar

    Platform offering B2B supply chain solutions

    Rural ecommerce
    See in list
  2. EFasal

    Digital market linkage platform connecting farmers, traders and agribusinesses

    B2b e-commerce
    See in list
  3. Plantix Partner

    Online B2B marketplace platform offering agricultural products

    Crop tech
    See in list
  4. Farmkart

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

    B2b e-commerce
    See in list
  5. Lytage

    Online e-distributor platform offering LED lights for businesses

    B2b e-commerce
    See in list
46 companies in Madhya PradeshAll 1,523 b2b e-commerce companies in India →

E-commerce enablers & retail technology

Software, account management and marketing services for sellers and stores.

  1. Yatrikart

    Chains providing snacks beverages and daily essentials at transit hubs

    E-commerce enablers
    See in list
  2. My Mandi

    Provider of software suite solutions to hyperlocal businesses

    E-commerce enablers
    See in list
  3. Nextel

    Platform providing customer experience and support tools

    Marketingtech
    See in list
  4. eR4u

    Business management software solutions

    Enterprise resource planning
    See in list
  5. Oyu Infotech

    Multi-industry ERP software provider

    Enterprise resource planning
    See in list
74 companies in Madhya PradeshAll 1,307 e-commerce enablers companies in India →

Retail startups in Madhya Pradesh

Newer retail companies founded in the last few years.

  1. Home Essentials

    Digital-first D2C brand offering home organization, kitchen items, and decor

    Home improvements
    See in list
  2. Yatrikart

    Chains providing snacks beverages and daily essentials at transit hubs

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

    Internet first brand offering natural skincare products

    Beauty tech
    See in list
  4. My Mandi

    Provider of software suite solutions to hyperlocal businesses

    E-commerce enablers
    See in list
  5. Custo

    Provider of personalized accessories brand

    Fashion tech
    See in list
93 companies in Madhya Pradesh

Retail companies hiring in Madhya Pradesh

Companies in this list that currently have open roles.

  1. Lotus Electronics

    Online retailer offering a wide range of electronic products

    Retail chains
    See in list
  2. Home Essentials

    Digital-first D2C brand offering home organization, kitchen items, and decor

    Home improvements
    See in list
  3. HomeStrap

    Limited information available

    Retailers
    See in list
  4. Yatrikart

    Chains providing snacks beverages and daily essentials at transit hubs

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

    Internet first brand offering natural skincare products

    Beauty tech
    See in list
13 companies in Madhya Pradesh
Mobile reach

Top 10 retail apps from Madhya Pradesh

The most-installed Android apps published by retail companies headquartered in Madhya Pradesh — 2.0M installs between them. 43 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
Legal entitySYNERGY HEALTHEDTECH PRIVATE LIMITEDCIN U93090MP2020PTC054227
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

Home Essentials

by Home Essentials

Installs229K
Rating—
Installs, year on year+500%
Last updatedFeb 2026
Legal entityECOMMIFY MEDIA PRIVATE LIMITEDCIN U47912MP2023PTC066224
View on Google Play ↗
Home Essentials screenshot 1Home Essentials screenshot 2Home Essentials screenshot 3Home Essentials screenshot 4Home Essentials screenshot 5Home Essentials screenshot 6
5

Uoons Electronics Shopping App

by Uoons

Installs92K
Rating—
Last updatedJul 2025
Legal entityUOONS ECOMMERCE PRIVATE LIMITEDCIN U74990MP2022PTC060275
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
7

TapOnn - Digital Business Card

by TapOnn

Installs55K
Rating—
Last updatedJan 2026
Legal entityCLICK AND CREATE PRIVATE LIMITEDCIN U72900MP2019PTC049509
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
10

IZI GO

by IZI

Installs26K
Rating—
Last updatedMay 2025
Legal entityIZI VENTURES PRIVATE LIMITEDdeclared on Google Play
View on Google Play ↗
IZI GO screenshot 1IZI GO screenshot 2IZI GO screenshot 3IZI GO screenshot 4IZI GO screenshot 5IZI GO screenshot 6
The business behind the activity

Retail financials in Madhya Pradesh

Revenue, profit and growth from the filed annual accounts of 70 retail companies in Madhya Pradesh for FY24-25 — 82 of the 421 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 70% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,552.81 cr

70 companies filing accounts

combined net profit−₹80.87 cr

-5.2% aggregate margin

are profitable47%

33 of 70 companies

median revenue~₹1.2 cr

the typical company

median revenue growth+9%

into FY24-25

earned by the top five70%

revenue concentration

Six-year view

Combined revenue of filing companies

₹977.30 crFY19-2030 filers
₹879.70 crFY20-2131 filers
₹1,165.47 crFY21-2243 filers
₹1,578.65 crFY22-2358 filers
₹1,926.20 crFY23-2467 filers
₹1,552.81 crFY24-2570 filers

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

Like-for-like

The same 54 companies over three years

+33%
FY22-23₹1,128.94 cr−₹36.35 cr net
FY23-24₹1,405.62 cr−₹56.33 cr net
FY24-25₹1,496.64 cr−₹79.72 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 cr3424% profitable
₹1–10 cr1974% profitable
₹10–100 cr1567% 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

Shrinking30
0–20%4
20–50%14
50–100%6
Doubled+10

64 companies with accounts for both years; median growth +9%.

Profitability

Profit is concentrated at the top

33profitable
37loss-making
-5.2%aggregate margin
-1.0%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
EFasalELECTRONICS FARMING SOLUTIONS ASSOCIATES (E-FASAL) PRIVATE LIMITED+53%₹66.98 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
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
Lokwani SalesLOKWANI SALES PRIVATE LIMITED2.6%₹20.30 cr
Gamers GiftGAMERSGIFT TECH AND MEDIA PRIVATE LIMITED2.6%₹33.02 cr
Weartech EngineersWEARTECH ENGINEERS PRIVATE LIMITED₹82.69 cr
iTokriITOKRI ENTERPRISES PRIVATE LIMITED1.2%₹24.33 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Wholesalers5₹127.67 cr~₹8.2 cr60%2.0%
Retailers5₹92.77 cr~₹20.3 cr60%2.0%
B2b e-commerce8₹92.55 cr~₹4.1 cr62%-3.3%
Horizontal e-commerce6₹30.34 cr~₹31 lakh17%-0.1%
Beauty tech6₹25.49 cr~₹2.1 cr50%-3.4%
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%
Weartech EngineersWEARTECH ENGINEERS PRIVATE LIMITED₹82.69 cr₹1.44 cr+25%
EFasalELECTRONICS FARMING SOLUTIONS ASSOCIATES (E-FASAL) PRIVATE LIMITED₹66.98 cr−₹1.50 cr-2.2%+53%
Plantix PartnerPLANTIX AGRITECH INDIA PRIVATE LIMITED₹59.45 cr−₹67.46 cr-113.5%-59%
Home EssentialsECOMMIFY MEDIA PRIVATE LIMITED₹49.59 cr−₹36.92 lakh-0.7%—
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%
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 Madhya Pradesh 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 Madhya Pradesh
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 Madhya Pradesh 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, Madhya Pradesh1

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 Madhya Pradesh

1Acquisition

Most active acquirers

  1. Hiveloop ECommerce Pvt Ltd (HEPL)1

Most acquired or merged

  1. Shopkirana1

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 Madhya Pradesh

15 retail companies in Madhya Pradesh have recorded equity funding, US$38.69m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Madhya Pradesh

Meet the people behind retail companies in Madhya Pradesh. 172 of 421 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Madhya Pradesh retail companies by sub-sector

The most common specialisations among retail companies in Madhya Pradesh. 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