Industry landscapes
Industry report

Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE AHMEDABAD EDITION 2026

Ahmedabad’s
retail industry,
in focus.

The companies, capital and talent shaping retail in Ahmedabad. Find the leaders. Understand the segments. See where the activity is.

Snapshot: Funding in USD
Illustrated cover for Retail Industry Landscape of Ahmedabad
IN
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Retail illustration
MEET THE COMPANIES

Explore Ahmedabad’s retail leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

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Retail company highlights in Ahmedabad, snapshot 1 September 2026
Company
Renee Cosmeticsreneecosmetics.in$54.29M4 roles356Financial figure available in RadarView in Radar
R for Rabbitrforrabbit.com$19.44M78$25.01MFYFY2025 filing
Iba Cosmeticsibacosmetics.com$16.01M31
Magmamagmagroup.in$13.22M13
JUSTDOGSjustdogsstore.com$9.44M362$12.01MFYFY2025 filing
Ecotrail Personal Careecotrailpersonalcare.com$6.6M31
Frendyfrendy.in$6.57M29Financial figure available in RadarView in Radar
Qarmatekqarmatek.com$5.11M227
Krish TechnoLabskrishtechnolabs.com6 roles81$3.03MFYFY2025 filing
Bummerbummer.in5 roles19
Athflexathflex.com4 roles
Tatvictatvic.com4 roles227
Biizlinebiizline.com3 roles
EcoRightecoright.com3 roles14
kgn technologieskgntechnologies.com3 roles
Anjani Syntheticsanjanisynthetics.com161$23.47MFYFY2025 filing
BabyOrganobabyorgano.com26
Brillarebrillare.co.in110$5.12MFYFY2025 filing
Cellsparecellspare.com
Dermatouchdermatouch.com
Fibre2Fashionfibre2fashion.com117$1.09MFYFY2025 filing
GrabPointsgrabpoints.com
Hamercophamercop.com
Saffron Lifestyle Traderssaffronlifestyle.com548Financial figure available in RadarView in Radar
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only

Explore the live startup set in Radar

No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.

Explore classified startups in Radar ↗
THE KEY SIGNALS

Retail industry KPIs in Ahmedabad

A few useful ratios bring the size of this ecosystem into perspective.

1 September 2026
Hiring participation8.3%

62 of 744 tracked companies have open roles.

Funding participation7.5%

56 of 744 tracked companies have a recorded round.

Top 3 funding share55.9%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$500K

Midpoint of 98 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 55.9% of disclosed capital, while 92.5% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Ahmedabad retail has grown

Recorded company formation and disclosed funding across the complete annual series shown.

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2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Ahmedabad retail
$0$17.27M$34.55M$51.82M$69.1M2016: $1.29M20162017: $3.34M20172018: $8.74M20182019: $691.49K20192020: $334.98K20202021: $14.12M20212022: $60.61M20222023: $15.1M20232024: $18.74M20242025: $34.93M2025
View the numbers
Annual retail funding and company formation in Ahmedabad
YearFunding (USD)FoundedRaising
2016$1.29M535
2017$3.34M446
2018$8.74M558
2019$691.49K545
2020$334.98K543
2021$14.12M7113
2022$60.61M5714
2023$15.1M5114
2024$18.74M3710
2025$34.93M59
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Renee Cosmetics33.8%
  • R for Rabbit12.1%
  • Iba Cosmetics10.0%
  • Other companies44.1%

Funding by stage

108 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel77 71.3%
Series A–B23 21.3%
Series C+ / PE1 0.9%
Grants, debt & other7 6.5%

Recent recorded rounds

Latest recorded rounds · USD
0 rounds

Swipe or scroll horizontally to browse.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

Annual accounts for reporting companies linked to this landscape, on like-for-like currency and reporting bases.

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₹ crore · standalone

Display conversions use the dated reference rates above. Where a verified rate is unavailable, figures retain their source currency. Each reporting cohort keeps its currency and accounting basis separate.

FY2025 · annual statements grouped by reported fiscal year; exact entity periods remain on preview rows · 143 reporting entities from 180 eligible matches.

Revenue in covered accounts₹14,882.7 crore

Sum of reporting-entity revenue; not Ahmedabad market sales.

Net profit / loss₹1,515.4 crore

Combined result for the same cohort.

Aggregate net margin+10.2%

Combined net income ÷ combined revenue.

Median company revenue₹3.1 crore

The middle covered reporting entity.

Profitable entities+49.0%

70 of 143 covered entities.

Top-five concentration+80.3%

Share of covered revenue from the five largest entities.

Annual account trend

Reported cohort totals by year; coverage is stated for every period.

Bar height shows revenue. Changes in coverage can affect totals.

Profitability has two perspectives

FY2025 · 143 reporting entities

Open the company accounts

Up to eight fixed company previews show financial amounts. Search and sort the wider company list, then continue in Radar.

143 reporting entities
Continue your financial research in Radar

Explore full company accounts and filings.

View financials in Radar ↗
AHMEDABAD · INDUSTRY COHORTS

How does retail compare?

Each pair uses the same year, currency and reporting basis. Cohort overlap is disclosed.

IndustryCovered / eligibleRevenue totalMedian revenueNet profit / lossAggregate marginProfitable shareOverlap

Available-account cohorts are not estimates of whole industries. Overlapping entities can occur in more than one cohort; do not add cohort totals.

Coverage, calculations & financial sources

Filed annual accounts for exact designated national identifiers. Every aggregate and peer pair uses one fiscal year, source currency and reporting basis; periods, coverage and overlap are explicit; 2026 partials are excluded.

The same up to eight reporting entities remain open across years, filters and sorts. Other company figures are available in Radar.

Source currencies and accounting bases stay separate. Missing accounts are excluded rather than treated as zero. Exact reporting periods appear on company previews. Annual totals can change with coverage and do not measure growth of a fixed company cohort.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the Ahmedabad companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

18 of the 744 companies on this page carry a measured traffic record (2.4%); these are the largest of those, by monthly visits. The median among them is 128,012 visits.

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

71 of these companies (9.5%) publish at least one Android app — 141 apps in all, carrying 7M installs between them.

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2024Q1–2026Q2).

SegmentAppsInstallsLeading appRelease trend
Coupons And Deals102MFreedeem 808.9K
Beauty Tech21.8MRenee Cosmetics Beauty Store 1.8M
Mom & Baby Care4793.2KGrowth Book - Baby Development 430.2K
Fashion Tech19591.5KVastraApp - Textile Management 160K
Online Mom & Baby Care3542.4KR for Rabbit - Baby & Kids 361.8K
B2B E-Commerce68507KZyapaar: B2B Trade Marketplace 141.4K
In Store Retail Tech51497KZybra GST Billing & Accounting 279.6K
E-Commerce Enablers61403.1KVepaar Store 199K

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2023Q2: 12023Q2: 02023Q22023Q3: 22023Q3: 22023Q32023Q4: 52023Q4: 32023Q42024Q1: 22024Q1: 12024Q12024Q2: 42024Q2: 42024Q22024Q3: 32024Q3: 52024Q32024Q4: 42024Q4: 12024Q42025Q1: 12025Q1: 22025Q12025Q2: 52025Q2: 52025Q22025Q3: 52025Q3: 102025Q32025Q4: 102025Q4: 142025Q42026Q1: 52026Q1: 212026Q1

Darker bars are new releases, lighter bars apps updated. 91 of 141 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The Ahmedabad retail market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Retail tech524
Consumer digital364
B2c e-commerce357
Internet first brands210
Enterprise tech143
B2c fashion e-commerce114
Internet first fashion brands86
Beauty tech77
Enterprise software71
Beauty e-commerce70
Marketplaces67
Commerce enablers63

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Retail tech

The largest measured segment in this report snapshot.

524companies
8.6%have hiring activity

45 companies hiring · $159.77M disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

E-commerce - product495
E-commerce - service199
Subscription113
Advertising88
Physical commerce86
Commission on transaction84
Fee-for-service52
Renting / leasing4
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

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Recent corporate headlines 9 dated reports
Mergers & acquisitionshometown.in ↗

First Community Bankshares, Inc. (NASDAQ: FCBC) announced today that it has completed the acquisition of Hometown Bancshares, Inc., ("Hometown") and Hometown’s wholly owned subsidiary, Union Bank, Inc. The acquisition became effective at the close of business on January 23, 2026.

Funding roundslifestylebyps.com ↗

salon and spa provider PS Lifestyle coming in at number two in the U.S. with a $21.6 million raise in February

Funding roundsbabyorgano.com ↗

BabyOrgano raises INR 20 Cr led by RPSG Capital Ventures.

Funding roundsrforrabbit.com ↗

Aug 20, 2025 R for Rabbit Raises USD 27 Million in Growth Capital Led by Filter Capital and Co-Led by 3one4 Capital

Funding roundsreneecosmetics.in ↗

Beauty brand Renee Cosmetics secured second position with $30 million in a funding round led by Playbook.

Funding roundsnetwebtechs.com ↗

Netweb Technologies India Limited, one of India’s fastest-growing high-end computing companies, has been awarded a ₹5.94 crore incentive under the Government of India’s Production Linked Incentive (PLI) Scheme 2.0 for IT Hardware.

IPO activityveerkrupajewellers.com ↗

Initial public issue of 30,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Veerkrupa Jewellers Limited (The Company or The Issuer Company) for cash at a price Rs. 27/- per equity share (including a share premium of Rs. 17/- per equity share) (Issue Price) aggregating to Rs. 8.10 crores (The Issue)

IPO activityshrenik.co.in ↗

Initial public issue of 54,00,000 equity shares of face value of Rs. 10 each (Equity Shares) of Shrenik Limited (The Company ot The Issuer) for cash at a price of Rs. 40 per equity share, including a share premium of Rs. 30 per equity share (The Issue Price), aggregating Rs. 21.60 crores (The Issue).

IPO activitynuutjob.com ↗

Initial public issue of 5,20,000 equity shares of face value of Rs. 10/- each of Nuutjob Limited (NL or the Company or the Issuer) for cash at a price of Rs. 155/- per equity share including a share premium of Rs. 145/- per equity share (the Issue Price) aggregating to Rs. 8.06 crores (The Issue) of which 27,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 155/- per equity share including a share premium of Rs. 145/- per equity share aggregating to Rs. 0.42 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion).

Full recorded event mix

Top 10 categories among 108 recorded events in the 24-month window.

Earnings
63
Funding rounds
11
Contracts
7
New products
6
Leadership moves
5
Company announcements
5
Mergers & acquisitions
4
IPO activity
3
Capital infusions
2
Regulatory
1
4 activity cards

Swipe or scroll horizontally to browse.

Product launches

Products, platforms and features in the recorded window

Tyrone ParallelStor Velox

Unified Data Platform

Tyrone Camarero Spark

petascale personal compute system

Regulatory events

1 recorded events

TLG ↗

block dismissed against environmental approvalsSweden Supreme Court

Earnings pulse

Reported company results in the recorded window.

8companies
54period observations
56.0%median reported growth

Median across 51 reported growth observations; companies may contribute multiple periods.

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
brynwood partnersHomeTown ↗2026-02-06Not stated in snapshot
first communityHomeTown ↗Completed2026-01-23Not stated in snapshot
HomeTownchef boyardeeAnnounced2025-05-01$600.0M
HomeTownbirch bendersAnnounced2025-02-14Not stated in snapshot
HomeTownThe J.M. Smucker Co.Announced2025-02-14Not stated in snapshot
HomeTownHain Celestial GroupAnnounced2025-02-13$15.0M

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

89 postings in the preceding 12 months. The full 115-posting snapshot covers 77 employers.

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Most advertised job titles

Acquisition Manager Rl Sales Sales8
Retail Sales Associate3
Retail Associate B2B2
Retail Sales Executive2
Sales Manager Credit Card Retail Sales2
Manager Talent Acquisition [Retail Construction]2
2 internship postings

0 tracked postings mention remote work.

The seniority mix

53 postings specify a level.

unspecified
62
manager
42
senior
7
lead
4

Skills employers mention

Top skills across 115 tracked postings in the available jobs snapshot.

Sales
39
Retail
19
Customer Service
16
Marketing
13
Retail Sales
12
Team Management
11
Communication
11
Compliance
11
Management
10
Product
9
THE PEOPLE BUILDING THE FIELD

Founders and leaders

455 founders and chief executives across 332 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

22 profiles with education records.

IIT Bombay
3
IIT Delhi
2
IIM Calcutta
2
Indian School of Business
2
Carnegie Mellon University
1
IIT Roorkee
1
University of California (Los Angeles)
1
HEC Paris
1

Prior employers

3 profiles with prior-work records.

McKinsey
1
Amazon
1
Flipkart
1

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

23,553 articles in the measured 12-month window.

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23,553articles in the measured year
6,618articles in 2026Q1
60.7%positive tone in the latest complete year

News volume trends

Retail coverage tagged Ahmedabad · articles per complete quarter

02,3734,7477,1209,4932021Q2: 2,1832021Q22021Q3: 1,7932021Q4: 1,7102022Q1: 2,9552022Q2: 2,7032022Q22022Q3: 3,1972022Q4: 3,4822023Q1: 5,8362023Q2: 4,2422023Q22023Q3: 4,0182023Q4: 8,2552024Q1: 3,6052024Q2: 3,6972024Q22024Q3: 3,1162024Q4: 3,5412025Q1: 5,4752025Q2: 6,6882025Q22025Q3: 5,3142025Q4: 4,6852026Q1: 6,6182026Q1
View quarterly article counts
QuarterArticles
2021Q22,183
2021Q31,793
2021Q41,710
2022Q12,955
2022Q22,703
2022Q33,197
2022Q43,482
2023Q15,836
2023Q24,242
2023Q34,018
2023Q48,255
2024Q13,605
2024Q23,697
2024Q33,116
2024Q43,541
2025Q15,475
2025Q26,688
2025Q35,314
2025Q44,685
2026Q16,618

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
4,648 positive · 187 neutral · 2,075 negative
2022
8,558 positive · 348 neutral · 3,417 negative
2023
16,426 positive · 605 neutral · 5,282 negative
2024
10,615 positive · 284 neutral · 3,039 negative
2025
13,433 positive · 530 neutral · 8,161 negative

Leading coverage topics

Retail coverage tagged Ahmedabad · ranked by full-period article count.

Geopolitical Disputes And Contested Areas300,779 articles in the full recorded period
108,119 recent · 81,398 prior
International And Transnational Geographic Entities300,760 articles in the full recorded period
108,111 recent · 81,397 prior
Administrative And Political Subdivisions300,704 articles in the full recorded period
108,088 recent · 81,386 prior
International Sports Competitions111,147 articles in the full recorded period
27,041 recent · 26,733 prior
International Political Relations73,341 articles in the full recorded period
22,959 recent · 15,351 prior
New Product Launches And Innovations59,726 articles in the full recorded period
17,853 recent · 13,856 prior
Cricket Test Matches55,428 articles in the full recorded period
13,476 recent · 11,878 prior
Political Party Dynamics54,720 articles in the full recorded period
11,607 recent · 11,427 prior
Strategic Partnerships And Collaborations51,469 articles in the full recorded period
15,766 recent · 11,664 prior
Trade Policies And Agreements46,872 articles in the full recorded period
22,784 recent · 11,691 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

India comparison coverage

KeywordRecentPriorChange
tariff negotiations11,6265,689104%
bilateral trade4,6112,44089%
trade dispute mechanisms4,5152,205105%
trade barrier reduction4,4972,44284%
trade facilitation commitments4,3272,20197%
countries4,1931,860125%
free trade deals4,0812,43368%
multilateral diplomacy3,9212,72444%
diplomatic strategies3,8262,35363%
bilateral trade imbalance3,2812,04860%
odi cricket6,0469,672-37%
limited overs cricket5,7859,323-38%
odi tactics5,6408,760-36%
odi series5,2668,338-37%
odi rankings5,0198,082-38%

Event and signal lenses

India comparison coverage

All complete annual cohorts shown
Rising

Regulatory Risk

1,836,149 classified articles

territories, disputed islands, test cricket

43.3% critical · 27.6% positive
Rising

Funding Momentum

243,332 classified articles

pre-ipo valuation, ipo prospectus, ipo pricing

48.6% critical · 47.0% positive
Rising

Growth

525,759 classified articles

gdp growth rate, economic output growth, economic growth statistics

46.7% critical · 50.7% positive

Retail coverage tagged Ahmedabad. Topic labels describe recorded classifications and can include broad context.

UNDERSTAND THE LANDSCAPE

Retail in Ahmedabad: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

Company ecosystem snapshot: 1 September 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon