Retail · Maharashtra, India

Best Retail Companies in Maharashtra, India

Updated 2026-06-16 · Ranked by funding & momentum

3134 indexable Retail companies headquartered in Maharashtra, India, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $19.8B across 437 funded companies, including 9 unicorns.

3,134
Companies
$19.8B
Total Funding
437
Funded
9
Unicorns
6
Rounds (90d)

Ranked: Best Retail companies in Maharashtra

#CompanyFundingValuationStage Latest roundEmployeesFoundedMomentum
1 Infra.Market Unicorn
Provider of diverse building and construction materials for project lifecycles
$555.7M $2.6B
as of 2024
Series G Series G Nov 2025 2,803 2016 ↑ Active
2 Servify
AI powered product lifecycle management platform
$138.5M $852M
as of 2024
Series D Series D Dec 2025 422 2015 ↑ Active
3 uppercase
Online retailer of eco-friendly backpacks, trolley bags, duffle bags, and accessories
$19.6M $61M
as of 2024
Series B Series B Apr 2026 68 2021 ↑ Active
4 Atomberg
Manufacturer of energy efficient ceiling fans kitchen appliances smart locks
$127.9M $358.4M
as of 2023
Series C Series C Oct 2025 765 2012 ↑ Active
5 Palmonas
Online retailer of demifine jewellery crafted with gold and silver
$47.3M Series B Series B Jan 2026 2022 ↑ Active
6 Kult
App-based platform offering personalized beauty care recommendations
$24.8M Series A Series A Mar 2026 115 2019 ↑ Active
7 Pepperfry
Online platform offering multi-category home products
$302.2M $374.8M
as of 2023
Acquired Series F Jun 2025 421 2011 ↑ Active
8 ZILO
Online retailer of branded clothing with same-day delivery options
$19.9M Series A Series A Feb 2026 2025 ↑ Active
9 Inamo
Platform offering operations outsourcing and fulfillment solutions
$11M Series A Series A Mar 2026 2024 ↑ Active
10 OneAssist
Provider of protection plans and repair services for electronic devices
$53.1M $193M
as of 2021
Series E Series E Sep 2025 295 2011 ↑ Active
11 Bonkers Corner
Online retailer of unisex streetwear clothing, accessories, and related merchandise
$10.7M Series A Series A Mar 2026 57 2020 ↑ Active
12 Bizongo
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
$252.6M $945.1M
as of 2023
Series E Series E Mar 2025 272 2015 ↑ Active
13 Chupps
Online platform offering footwear and lifestyle accessories
$3.4M $4.7M
as of 2021
Series A Series A Apr 2026 20 2019 ↑ Active
14 Zepto Unicorn
Application-based platform offering on demand grocery delivery service
$1.6B $5B
as of 2024
Series G Aug 2024 2,656 2020 ↑ Active
15 The Sleep Company
Platform offering smart mattresses and bedding accessories
$49.3M $198.6M
as of 2023
Series D Series D Aug 2025 824 2019 ↑ Active
16 RAS Luxury Oils
Retailer of skincare, lip care, makeup, hair care, perfume, and bath and body products
$3.6M $8M
as of 2022
Series B Series B Mar 2026 20 2017 ↑ Active
17 The EleFant
The EleFant Toy | Rent Toys for Kids: Rental Toys for Kids
$1.9M Seed Seed May 2026 2023 ↑ Active
18 JSW One MSME Unicorn
Online retailer of TMT, steel HR coil, and cement products
$25M $335.9M
as of 2023
Series B Series B Oct 2025 186 2020 ↑ Active
19 Purplle Unicorn
Brand of beauty and cosmetic products
$679.8M $1.2B
as of 2024
Series F Series F Jun 2024 876 2012 ↑ Active
20 Reliance Retail Unicorn
Retail chain offering diversified products
$7.7B $100B
as of 2023
Late Stage PE Sep 2023 4,293 2006
21 Snapmint
Online retailer of electronics, appliances, fashion, and home and kitchenware
$42.3M $31.1M
as of 2022
Series B Series A 2025 177 2017 ↑ Active
22 Purple Style Labs
Chains providing curated luxury fashion
$52.6M $359.8M
as of 2023
Series E Series E Mar 2025 116 2015 ↑ Active
23 Art Of Time
Retailer of luxury watches
$13.8M Series B Series B Oct 2025 69 2015 ↑ Active
24 Clayco
Platform offering skincare products
$2M Series A Series A Feb 2026 2023 ↑ Active
25 Sukkhi Fashion Jewellery
Online retailer of Indian ethnic and fashion jewelry
$8.5M $28.4M
as of 2022
Series A Venture Debt Sep 2025 38 2012 ↑ Active
26 Limelight
Online retailer of lab-grown diamond rings, earrings, pendants, and more
$1.4M $45.1M
as of 2024
Series B Series B Feb 2026 58 2019 ↑ Active
27 Pilgrim
Online brand offering multi-category natural beauty care products
$33M $247.3M
as of 2024
Series B Series B Mar 2025 253 2019 ↑ Active
28 Edgistify
Integrated supply chain solutions for businesses
$1.7M $6.5M
as of 2023
Seed Seed Jan 2026 32 2017 ↑ Active
29 JUST IN TIME
Time Watches is a authorized retailer offering a wide range of premium watch brands
$9.1M Series A Series A Sep 2025 7 2006 ↑ Active
30 EMoMee
Provider of educational toys promoting emotional intelligence
$1M Seed Seed Mar 2026 2023 ↑ Active
31 SuperBottoms
Online platform offering reusable cloth diapers and baby essentials
$19.9M $22.5M
as of 2024
Series A Series A Apr 2025 93 2015 ↑ Active
32 SuperZop
Platform offering wholesale grocery procurement solutions
$8.3M $14.2M
as of 2022
Series A Series A Jul 2025 123 2016 ↑ Active
33 RN Kids $760K Seed Seed Mar 2026 2025 ↑ Active
34 CoutLoot
AI-powered short format and live video platform for businesses and entrepreneurs
$18.3M $71.7M
as of 2024
Series A Series A Mar 2025 15 2016 ↑ Active
35 Frido
Retailer of ergonomic products for physical comfort and pain relief
$1.5M Series A Series A Nov 2025 213 2015 ↑ Active
36 WAH Care
Provider of technology platform for child developmeny
$1.7M Seed Seed Nov 2025 2020 ↑ Active
37 Evenflow
Platform offering acquisition and scaling of e‑commerce businesses
$14.3M $27.9M
as of 2023
Series A Series A Mar 2025 28 2021 ↑ Active
38 Flicka
Internet first brand offering multi-category cosmetics products
$1.4M Seed Seed Jan 2026 2018 ↑ Active
39 Bombay Shirt Company
Online retailer of custom-made and ready-made shirts, pants, and outerwear
$22.7M $27.6M
as of 2024
Series B Series B Jan 2025 48 2012 ↑ Active
40 Imagimake
Provider of a educational and fun toys and games for children
$3.3M $15.2M
as of 2023
Series B Series B Oct 2025 100 2012 ↑ Active
41 Lucira Jewelry
Retailer of lab grown diamond jewelry including rings and necklaces
$5.5M Seed Seed Sep 2025 2025 ↑ Active
42 Mirana Toys
Online e-commerce platform for smart toys
$2M $13.2M
as of 2022
Series A Series A Oct 2025 69 2020 ↑ Active
43 Nua
Provider of sanitary pads, period care, and skincare products
$18.3M $22.4M
as of 2023
Series B Series B Feb 2025 54 2017 ↑ Active
44 WinMagic
Retailer of toys, games, and related items for children
$3.4M Seed Seed Sep 2025 45 2017 ↑ Active
45 Wiggles
Provider of a wide range of veterinary care products and services
$11.8M $12.9M
as of 2024
Seed Seed Mar 2025 172 2018 ↑ Active
46 SUGAR Cosmetics
Internet-first brand offering multi-category color cosmetic products and accessories
$86.9M $361.6M
as of 2024
Series D Aug 2024 627 2012 ↑ Active
47 LUZO
Online platform offering curated bookings and exclusive offers for premium salons, spas, and clinics
$404.1K $1.8M
as of 2023
Seed Angel Mar 2026 10 2021 ↑ Active
48 Secret Alchemist
Manufacturer of clean perfumes and aromatherapy products
$898K $1.1M
as of 2024
Seed Seed Dec 2025 2020 ↑ Active
49 Foxtale
Online brand of skincare, face, lip, body care, and perfume products
$23.2M $94.9M
as of 2024
Series C Series C Dec 2024 224 2021 ↑ Active
50 FAE Beauty
Online retailer of cosmetic products including makeup and skincare items
$940.4K $4M
as of 2023
Seed Seed Nov 2025 18 2019 ↑ Active

Top 12 Retail companies in Maharashtra

#1
Infra.Market Unicorn Series G
$555.7M Raised
expand_more
#1

Infra.Market Unicorn Series G

location_onThane, Maharashtra
Founded
2016
Employees
2,803
Funding raised
$555.7M
Valuation
$2.6B · 2024
Stage
Series G

Provider of diverse building and construction materials for project lifecycles. The company offers structural, finishing, and lifestyle products, including concrete, steel, and paints. It operates a multi-channel distribution network, serving both business-to-business and business-to-retail segments. The company provides a range of in-house and third-party brands.

Funding rounds (26 disclosed of 26)
Round Date Amount
Series G Nov 2025 $48.2M
Series G Sep 2025 $54.9M
Conventional Debt Jun 2025 $150M
Series F Jun 2025 $10.9M
Series F Mar 2025 $4.5M
Series F Jan 2025 $222M
20 earlier rounds — sign up free
Tech stack
apache http serverapple icloud mailbootstrapcdnjscloudflarefont awesome+14
#2
Servify Series D
$138.5M Raised
expand_more
#2

Servify Series D

location_onMumbai, Maharashtra
Founded
2015
Employees
422
Funding raised
$138.5M
Valuation
$852M · 2024
Stage
Series D

Servify is a global product lifecycle management company that focuses on designing as well as administering custom product protection programs and exchange/upgrade programs for OEMs, telcos and retailers. Brands overwhelmingly select Servify as partner for their speed, flexibility, innovative product development, technology, compliance and underwriting expertise, and its ability to drive revenue and retention through

Funding rounds (15 disclosed of 15)
Round Date Amount
Series D Dec 2025 $7.5M
Series D Mar 2025 $7.7M
Venture Debt Aug 2024 $6M
Series D Aug 2024 $4.1M
Series D Apr 2023 $18.3M
Series D Jan 2023 $2.4M
9 earlier rounds — sign up free
Tech stack
amazon web servicesant designapple icloud mailaxioscart functionalitycdnjs+14
#3
uppercase Series B
$19.6M Raised
expand_more
#3

uppercase Series B

location_onMumbai, Maharashtra
Founded
2021
Employees
68
Funding raised
$19.6M
Valuation
$61M · 2024
Stage
Series B

Online retailer of eco-friendly backpacks, trolley bags, duffle bags, and accessories. The company provides a variety of bags, including backpacks for school and professional use, trolley bags in various sizes and types, and duffle bags with or without wheels. It also offers accessories such as laptop sleeves. The retailer focuses on sustainable materials and offers free delivery.

Funding rounds (6 disclosed of 6)
Round Date Amount
Series B Apr 2026 $2.1M
Series B Apr 2025 $331.8K
Series B Aug 2024 $9M
Seed Oct 2023 $2.1M
Seed Jul 2022 $7M
Seed Jul 2021 $1.5M
Tech stack
amazon s3amazon web servicescart functionalitycloudflarecloudflare bot managementcore-js+14
#4
Atomberg Series C
$127.9M Raised
expand_more
#4

Atomberg Series C

location_onMumbai, Maharashtra
Founded
2012
Employees
765
Funding raised
$127.9M
Valuation
$358.4M · 2023
Stage
Series C

Manufacturer of energy efficient ceiling fans kitchen appliances smart locks. The company specializes in energy-efficient smart home appliances like BLDC ceiling fans, mixer grinders, water purifiers, and more. These appliances utilize motor technology designed to reduce power consumption during operation. The product range covers household cooling, food preparation, and home security requirements.

Funding rounds (8 disclosed of 9)
Round Date Amount
Series C Oct 2025 $24.1M
Series C Mar 2023 $53.2M
Series C Dec 2021 $20M
Series B Sep 2021 Undisclosed
Series B Dec 2020 $9.9M
Series A Apr 2019 $10M
3 earlier rounds — sign up free
Tech stack
apache http serverapollocart functionalitycloudflarecloudflare browser insightscore-js+14
#5
Palmonas Series B
$47.3M Raised
expand_more
#5

Palmonas Series B

location_onPune, Maharashtra
Founded
2022
Funding raised
$47.3M
Stage
Series B

Online retailer of demifine jewellery crafted with gold and silver. The company provides a variety of products, including necklaces, earrings, rings, bracelets, and mangalsutras. The jewellery is made with materials such as sterling silver, surgical steel, and lab-grown diamonds.

Funding rounds (4 disclosed of 4)
Round Date Amount
Series B Jan 2026 $40M
Series A Aug 2025 $6.3M
Angel Feb 2025 $145.4K
Seed Jan 2025 $810K
Tech stack
booster page speed optimizercart functionalitycloudflarefacebook pixelgodaddygoogle font api+14
#6
Kult Series A
$24.8M Raised
expand_more
#6

Kult Series A

location_onThane, Maharashtra
Founded
2019
Employees
115
Funding raised
$24.8M
Stage
Series A

App-based platform offering personalized beauty care recommendations. The app helps users identify products that meet various skin and cosmetic needs by using data-driven suggestions and information. To make product recommendations based on user preferences and skin types, the app administers a quiz. The platform also provides information about product ingredients and their effects. The mobile app is available for iO

Funding rounds (2 disclosed of 3)
Round Date Amount
Series A Mar 2026 Undisclosed
Series A Apr 2025 $20M
Seed Oct 2023 $4.8M
#7
Pepperfry Acquired
$302.2M Raised
expand_more
#7

Pepperfry Acquired

location_onMumbai, Maharashtra
Founded
2011
Employees
421
Funding raised
$302.2M
Valuation
$374.8M · 2023
Stage
Acquired

Online platform offering multi-category home products. The product catalog includes furniture, decor, mattress, lighting, home textiles, furnishings, home appliances, etc. The mobile application is available for Android and iOS users. It also offers consultation services for product customization.

Funding rounds (13 disclosed of 14)
Round Date Amount
Series F Jun 2025 $5.1M
Series F Jul 2023 $23M
Venture Debt Nov 2021 $10M
Series F Oct 2021 $40.1M
Venture Debt Feb 2021 $4.8M
Series F Feb 2020 $40M
8 earlier rounds — sign up free
Tech stack
akamaiakamai mpulseamazon sesamazon web servicesangularappnexus+14
#8
ZILO Series A
$19.9M Raised
expand_more
#8

ZILO Series A

location_onMumbai, Maharashtra
Founded
2025
Funding raised
$19.9M
Stage
Series A

Online retailer of branded clothing with same-day delivery options. It provides apparel for women, men, and children. The retailer offers options for home trials. It provides delivery services for clothing.

Funding rounds (2 disclosed of 2)
Round Date Amount
Series A Feb 2026 $15.3M
Seed May 2025 $4.6M
Tech stack
cart functionalitycore-jsfacebook pixelgodaddygoogle analyticsgoogle workspace+14
#9
Inamo Series A
$11M Raised
expand_more
#9

Inamo Series A

location_onMumbai, Maharashtra
Founded
2024
Funding raised
$11M
Stage
Series A

Platform offering operations outsourcing and fulfillment solutions. It focuses on providing support for quick delivery businesses through modular and reliable services. The platform enables brands to manage logistics, fulfillment, and last-mile operations with efficiency.

Funding rounds (3 disclosed of 3)
Round Date Amount
Venture Debt Mar 2026 $2M
Series A Mar 2026 $6M
Seed Jan 2025 $3M
Tech stack
cart functionalitygoogle font apigoogle workspacehstsopen graphreact+3
#10
OneAssist Series E
$53.1M Raised
expand_more
#10

OneAssist Series E

location_onMumbai, Maharashtra
Founded
2011
Employees
295
Funding raised
$53.1M
Valuation
$193M · 2021
Stage
Series E

Provider of protection plans and repair services for electronic devices. These offerings include coverage for accidental damage, liquid spills, and hardware breakdowns for mobile phones, laptops, and home appliances. The business facilitates maintenance and repair tasks for various household equipment and electronics. Additionally, it provides financial protection plans against identity fraud and unauthorized transac

Funding rounds (10 disclosed of 10)
Round Date Amount
Series E Sep 2025 $907.5K
Series E Sep 2021 $32.8M
Series C Dec 2019 $3.5M
Series C Dec 2018 $6M
Series C Jun 2017 $18.4M
Series B Jun 2016 $178.2K
4 earlier rounds — sign up free
Tech stack
amazon cloudfrontamazon cloudwatch rumamazon sesamazon web servicesangular materialangularjs+14
#11
Bonkers Corner Series A
$10.7M Raised
expand_more
#11

Bonkers Corner Series A

location_onMumbai, Maharashtra
Founded
2020
Employees
57
Funding raised
$10.7M
Stage
Series A

Online retailer of unisex streetwear clothing, accessories, and related merchandise. The company provides a selection of apparel, including oversized t-shirts, hoodies, sweatshirts, jeans, jackets, and bottoms. It also offers accessories such as bags, caps, rugs, socks, and stickers. It is a streetwear fashion brand specializing in affordable unisex luxury apparel, pop culture-inspired collections like Marvel, Disney

Funding rounds (2 disclosed of 2)
Round Date Amount
Series A Mar 2026 $10.5M
Angel Jan 2026 $163.1K
Founders & key people
Tech stack
amazon web servicesbunnycart functionalitycloudflareflickitygoogle analytics+14
#12
Bizongo Series E
$252.6M Raised
expand_more
#12

Bizongo Series E

location_onMumbai, Maharashtra
Founded
2015
Employees
272
Funding raised
$252.6M
Valuation
$945.1M · 2023
Stage
Series E

Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions. It offers features including digital vendor management, material procurement management, supply chain financing, packaging sourcing, purchase order management, and more. It caters to multiple industries including packaging, textiles, apparel, and more.

Funding rounds (12 disclosed of 15)
Round Date Amount
Series E Mar 2025 $4.5M
Series E Oct 2023 $50M
Series D Aug 2022 $25M
Grant (prize money) Dec 2021 Undisclosed
Series D Nov 2021 $110.8M
Series C Apr 2021 $51M
9 earlier rounds — sign up free
Founders & key people
Tech stack
amazon sesamazon web servicesclevertapcloudflarecloudflare bot managementcore-js+14

Recent signals in Maharashtra Retail

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Funding & investor landscape

Total raised
$19.8B
across these companies
Companies funded
437
with disclosed funding
Highest-funded
$7.7B raised

Most active investors

VC Venture Catalysts 23 investments in Retail AL Angel List 22 investments in Retail BC Brand Capital 21 investments in Retail L LetsVenture 19 investments in Retail SV Stride Ventures 14 investments in Retail W Wellfound 14 investments in Retail BV Blume Venture 13 investments in Retail MA Mumbai Angels 12 investments in Retail 1 100X.VC 11 investments in Retail AC Alteria Capital 11 investments in Retail TC Trifecta Capital 11 investments in Retail IC Innoven Capital 10 investments in Retail

Notable founders in Maharashtra Retail

SS Souvik Sengupta Co-Founder Infra.Market · $555.7M raised
AS Aaditya Sharda Co-Founder Infra.Market · $555.7M raised
SP Sreevathsa Prabhakar Founder & CEO Servify · $138.5M raised
DG Dheeraj Goyal Co-Founder & COO uppercase · $19.6M raised
US Uday Sodhi Co-Founder uppercase · $19.6M raised
NR Nidhi Rajora Co-Founder uppercase · $19.6M raised
AK Arnob Kumar Co-Founder & CFO uppercase · $19.6M raised
SG Sudip Ghose Co-Founder & Managing Director uppercase · $19.6M raised
SD Sibabrata Das Co-Founder & COO Atomberg · $127.9M raised
MM Manoj Meena Co-Founder & CEO Atomberg · $127.9M raised
SK Shraddha Kapoor Co-Founder Palmonas · $47.3M raised
PM Pallavi Mohadikar Co-Founder & CEO Palmonas · $47.3M raised

Frequently asked questions

How many Retail companies are there in Maharashtra, India?
Radar tracks 3134 indexable Retail companies headquartered in Maharashtra, India, India, that meet our profile-completeness bar.
What is the total funding raised by Retail companies in Maharashtra, India?
The Retail companies in Maharashtra, India on this list have raised a combined $19.8B in disclosed equity funding across 437 funded companies.
Which is the highest-funded Retail company in Maharashtra, India?
Reliance Retail is the highest-funded Retail company in Maharashtra, India, with $7.7B in disclosed equity funding.
How many Retail companies in Maharashtra, India are funded?
437 of the 3134 Retail companies in Maharashtra, India on this list have disclosed at least one equity funding round.
How many Retail unicorns are there in Maharashtra, India?
9 Retail companies in Maharashtra, India on this list are valued at $1B or more.
Who are the top investors in Maharashtra, India Retail companies?
The most active investors in Maharashtra, India Retail companies on this list include Venture Catalysts, Angel List, Brand Capital, LetsVenture, Stride Ventures.

Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-16.

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