Radar Landscapes Retail Landscape of Mumbai
Retail industry in Mumbai — illustrated cover for the Retail Landscape of Mumbai
Radar · Industry landscape · Mumbai

Retail Landscape of Mumbai

2,765 Retail companies in Mumbai, in one picture: who is hiring, who is raising money, who founded them, what the news is about and which skills employers want. Updated August 2026.

2,765companies tracked
$12.4Bdisclosed funding
212hiring right now
1,523events · 24 months
127,080news articles · 12 months

Who leads Retail in Mumbai

The page lists 2,765 retail firms in Mumbai, highlighting the companies currently hiring, the best‑funded firms, and those receiving the most media coverage.

open roles
Hiring now
ranked by live open roles
  1. 01DMart8last posted Aug 2026
  2. 02Nykaa7last posted Aug 2026
  3. 03The Sleep Company7last posted Aug 2026
  4. 04Armor6last posted Jun 2026
  5. 05Inamo6last posted Aug 2026
  6. 06Shoppers Stop6last posted Aug 2026
  7. 07Parity Cube6last posted Aug 2026
  8. 08Snapmint6last posted Aug 2026
212 companies hiring · 63 posted in the last 30 days
disclosed funding
Most funded
disclosed totals, all rounds
  1. 01Reliance Retail$7.4BPE · Sep 2023
  2. 02DMart$574.5MPost IPO · Feb 2020
  3. 03Purplle$559.9MSeries F · Jun 2024
  4. 04Future Lifestyle Fashions$510.3MPost IPO · Feb 2020
  5. 05Pepperfry$322.1MSeries F · Jun 2025
  6. 06Bizongo$310.5MSeries E · Mar 2025
  7. 07Medikabazaar$185.1MSeries D · Apr 2022
  8. 08Snapmint$180.6MSeries B · May 2025
295 companies with disclosed rounds · $12.4B total
revenue
Revenue leaders
official filings first, else latest snapshot
  1. 01Shree Ramkrishna Exports$963MFY2022 filing
  2. 02Nykaa$729.5MFY2025 filing
  3. 03Hamleys$684.4MFY2024 filing
  4. 04Shoppers Stop$540.3MFY2023 filing
  5. 05JSW One MSME$533.2MFY2021 filing
  6. 06DMart$471.3MFY2021 filing
  7. 07Mochi Shoes$329.6MFY2021 filing
  8. 08Asian Star$284.6MFY2023 filing
194 companies with a revenue figure
headcount
Largest teams
ranked by tracked headcount
  1. 01Aditya Birla Nuvo37,000tracked employees
  2. 02DMart14,898tracked employees
  3. 03Shoppers Stop6,327tracked employees
  4. 04Mochi Shoes3,960tracked employees
  5. 05Bharat Diamond Bourse3,750tracked employees
  6. 06Vijay Sales3,500tracked employees
  7. 07Shree Ramkrishna Exports2,896tracked employees
  8. 08Raymond2,636tracked employees
146 companies with headcount data
share of events
Share of voice
share of all tracked sector news events, 24 months
  1. 01Reliance Retail13.0%394 tracked events
  2. 02Nykaa12.2%369 tracked events
  3. 03Raymond7.7%233 tracked events
  4. 04Trent7.2%218 tracked events
  5. 05Shoppers Stop4.5%137 tracked events
  6. 06ArisInfra3.9%118 tracked events
  7. 07Tata Digital3.2%96 tracked events
  8. 08The Sleep Company2.9%89 tracked events
3,020 tracked events across 144 companies
articles
In the news
Prism news coverage, last 12 months
  1. 01Reliance Retail1,301articles in the window
  2. 02Nykaa1,296articles in the window
  3. 03DMart774articles in the window
  4. 04Raymond523articles in the window
  5. 05Vijay Sales413articles in the window
  6. 06Reliance Digital385articles in the window
  7. 07Shoppers Stop289articles in the window
  8. 08Pepperfry180articles in the window
95 of these companies drew sector coverage in the window
Radar

See all 2,765 Retail companies in Mumbai

Filter by funding, headcount, hiring and location, and export the list.

How the Retail ecosystem in Mumbai grew, 2016–2025

It shows how many retail companies were founded each year, with a peak of 245 new firms in 2021 and only 27 in 2025.

Companies founded / year
new Retail companies in Mumbai
2016: 1552017: 1452018: 1712019: 1632020: 2252021: 2452022: 2022023: 1642024: 1212025: 27
20162025
peak 245 in 2021
Companies raising / year
with a disclosed round that year
20162025
peak 84 in 2022
Disclosed funding / year
sum of disclosed rounds (USD)
2016: 126,894,6532017: 256,186,0632018: 328,241,3022019: 491,922,1002020: 6,938,015,6152021: 786,328,8372022: 562,838,1512023: 1,615,112,1852024: 372,103,8152025: 416,002,697
20162025
peak $6.9B in 2020
Mumbai — home to 2,765 tracked Retail companies
Mumbai2,765 Retail companies tracked here

The Retail market map of Mumbai: what these companies actually do

This section breaks down the product sub‑categories these firms serve and the revenue models they use, such as e‑commerce product sales and subscriptions.

The biggest kinds of Retail company, by how many we track.

Retail Tech — a Retail sub-vertical
Sub-vertical 01
Retail Tech
2,180 companies
2,180companies
$12.3Braised
185hiring
Consumer Digital — a Retail sub-vertical
Sub-vertical 02
Consumer Digital
1,672 companies
1,672companies
$2.5Braised
126hiring
B2C E-Commerce — a Retail sub-vertical
Sub-vertical 03
B2C E-Commerce
1,626 companies
1,626companies
$2.4Braised
121hiring
Internet First Brands — a Retail sub-vertical
Sub-vertical 04
Internet First Brands
995 companies
995companies
$777.1Mraised
84hiring
B2C Fashion E-Commerce — a Retail sub-vertical
Sub-vertical 05
B2C Fashion E-Commerce
694 companies
694companies
$441.5Mraised
53hiring
Internet First Fashion Brands — a Retail sub-vertical
Sub-vertical 06
Internet First Fashion Brands
550 companies
550companies
$305.5Mraised
46hiring
Enterprise Tech — a Retail sub-vertical
Sub-vertical 07
Enterprise Tech
415 companies
415companies
$1.9Braised
48hiring
Internet First Apparel Brands — a Retail sub-vertical
Sub-vertical 08
Internet First Apparel Brands
312 companies
312companies
$120Mraised
24hiring
  • Retail Tech2,180 companies · $12.3B raised · 185 hiring
  • Consumer Digital1,672 companies · $2.5B raised · 126 hiring
  • B2C E-Commerce1,626 companies · $2.4B raised · 121 hiring
  • Internet First Brands995 companies · $777.1M raised · 84 hiring
  • B2C Fashion E-Commerce694 companies · $441.5M raised · 53 hiring
  • Internet First Fashion Brands550 companies · $305.5M raised · 46 hiring
  • Enterprise Tech415 companies · $1.9B raised · 48 hiring
  • Internet First Apparel Brands312 companies · $120M raised · 24 hiring
  • Marketplaces291 companies · $1.1B raised · 27 hiring
  • Beauty Tech246 companies · $1B raised · 28 hiring
  • Beauty E-Commerce219 companies · $1B raised · 25 hiring
  • Commerce Enablers186 companies · $509M raised · 25 hiring

Monetization

How Retail companies make money

How many companies earn revenue each way. Plenty use more than one model, so the counts add up to more than the sector.

E-Commerce - Product2,156
E-Commerce - Service485
Subscription385
Commission on Transaction323
Physical Commerce317
Advertising236
Fee-For-Service131
Renting / Leasing13

Funding, M&A and the deals moving Retail in Mumbai

It records 1,523 corporate events over the past two years, including earnings releases, announcements, key‑person changes, funding rounds, and mergers.

Earnings 534Announcement 258Leadership 198Funding 169M&A 95Product 68IPO 53Contracts 46Capital 36Regulatory 18
  • M&ANew Delhi: IPO-bound JSW One Platforms Ltd has acquired home design and project management company BuildNext Construction Solutions Pvt2026-04-30
  • M&AReliance Retail today announced that it has acquired actor Priyanka Chopra Jonas' haircare brand ‘Anomaly’, including its brand assets, digital properties and trademarks, in a move that significantly expands its beauty portfolio, the company said in a statement on 30 April.2026-04-30
  • M&ABurgundy 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 Indian cities.2026-04-30
  • FundingChupps, India's fast-growing D2C open footwear brand, has announced that Ajinkya Rahane, current captain of Kolkata Knight Riders and former captain of the Indian Test cricket team, has joined the company as an equity investor and strategic advisor as part of its pre-Series B round fundraise.2026-04-22
  • M&AFSN E-Commerce Ventures, the parent company of beauty and fashion retailer Nykaa, has confirmed it is in discussions to acquire a stake in skincare brand 82°E.2026-04-08
  • M&ANykaa has already acquired brands like Nudge Wellness and Dot & Key skincare to enhance its portfolio in the beauty retail space.2026-04-06
  • Fundinginvestors Kunal Bahl and Viraj Bahl finalised the deal by investing Rs 1 crore for 3 percent equity, valuing the company at Rs 33.33 crore.2026-04-06
  • M&AAlia Bhatt sold a 51% stake in her sustainable kids and maternity wear brand, Ed-a-Mamma to Reliance Retail Ventures (RRVL) about three years after launch.2026-04-05
  • FundingDirect-to-consumer (D2C) luggage brand Uppercase has raised Rs 20 crore in a fresh funding round from existing investors Accel India and Volrado Venture Partners.2026-04-03
  • M&AInverness-based IT solutions provider Accord Business Solutions has taken a “significant stake” multi-service solutions provider Future Group.2026-03-31

Mergers and acquisitions

Deals from the last 24 months where a Retail company in Mumbai was the buyer or the one bought, newest first. “Undisclosed” means the price was never published — not that the deal was worth nothing.

AcquirerTargetDeal valueStatusDate
Reliance RetailanomalyundisclosedCompleted2026-05-05
Future GroupBharti RetailundisclosedAnnounced2026-05-03
JSW One MSMEBuildNext Construction Solutions Private LimitedundisclosedAnnounced2026-05-01
JSW One MSMEBuildNext Construction Solutions PvtundisclosedAnnounced2026-04-30
Reliance RetailPahadi LocalundisclosedAnnounced2026-04-30
Burgundy Brand CollectiveLe MillundisclosedAnnounced2026-04-30

Who is listing, hiring leaders, launching and winning work

Detailed event data include IPO filings, leadership changes, product launches, and contract wins for the listed companies.

IPO pipeline
21 companies listed or filing · last 24 months
Leadership moves
59 tracked people moves · last 12 months
  • NykaaPearl Shah · Appointment → Senior Vice President, Owned Brands - Kay, Nykaa Private Label BrandsMay 2026
  • Shoppers StopBiju Kassim · Appointment → Managing Director and Chief Executive Officer of Global SS Beauty BrandsApr 2026
  • AtombergSibabrata Das · Appointment → Chief Executive Officer, AtombergApr 2026
  • AtombergManoj Meena · Promotion → chairman and MDApr 2026
  • AtombergSibabrata (Shibam) Das · Appointment → Chief Executive OfficerApr 2026
  • CromaSuman Guha · Appointment → Chief Digital OfficerApr 2026
  • PantaloonsSuraj Bahirwani · Appointment → Pantaloons CEO designateApr 2026
  • PantaloonsSangeeta Tanwani · Retirement — was CEO of PantaloonsApr 2026
Product launches
tracked launches · last 12 months
Contract wins
18 customer wins · last 24 months
Workforce actions
3 companies cutting roles · last 24 months
  • Tata Digital~50% of workforce reported · cost reductionNov 2025
  • Reliance Retail~15% of workforce reported · cost reductionAug 2025
  • Hamleys~34 roles reported · inflationary pressuresJul 2025
Regulatory & litigation
25 regulatory events · 17 tracked suits · 24 months
  • ArisInfraMar 2026
  • ArisInfraAmalgamation scheduled for April 1, 2026Mar 2026
  • ArisInfraapproved for amalgamation — NCLT, SEBI, stock exchanges, shareholders, creditorsMar 2026
  • Future GroupAwaiting regulatory approvalFeb 2026
  • lotus herbals v 82°e, DPKA Universal Consumer VenturesTrademark infringement · OngoingFeb 2026
  • N G Joshi v reliance retailshare capital reduction challenge · DismissedSep 2025
Earnings pulse
companies reporting results · last 24 months
57 companies reporting507 company-quarters trackedbeat 8miss 17in line 6

Half of these companies grew revenue faster than +17.8%, half slower.

Who is building Retail in Mumbai

The data cover 2,145 founders and CEOs across 1,565 firms, noting their most common schools and prior employers.

Founders and chief executives12 of 2,145, from the best-funded companies on this page
Mukesh Ambani
Founder
Mukesh Ambani
repeat founder

Institute of Chemical Technology Bachelor of Engineering

Manish Taneja
Co-Founder & CEO
Manish Taneja

Ex-Fidelity Growth, Avendus Capital, Lehman Brothers · Indian Institute of Technology, Delhi 2007

Ashish Shah
Co-Founder & CEO
Ashish Shah

Ex-eBay, C1 India · Savitribai Phule Pune University BE 1998

Sachin Agrawal
Co-Founder
Sachin Agrawal

Ex-Gravitas · Indian Institute of Technology, Bombay BTech 2012

Vivek Tiwari
Founder & Chief Executive Officer
Vivek Tiwari

Medikabazaar, ex-Amra Renal Care Limited Jv For Tertiary Care Clinics, ex-Db Lifesciences And Db Healthcare…

Anil Gelra
Co-Founder
Anil Gelra
repeat founder

Ex-Co-Founder Holachef Hospitality & Sodel Solutions, Maruti Suzuki India. IIT Bombay BTech 2004

Sreevathsa Prabhakar
Founder & CEO
Sreevathsa Prabhakar

Ex-Founder The Service Solutions, Nokia, Tata Docomo Business Services · Mangalore University BE 1998, University of Mumbai MBA 2007

Sibabrata Das
Co-Founder & COO
Sibabrata Das

Atomberg Technologies · Ex-Aasaanjobs, 24X7STYLES · Indian Institute of Technology, Bombay BTech 2012

Adwaita Nayar
Co-Founder
Adwaita Nayar
repeat founder

Ex-Bain · Yale University BA 2012, Harvard Business School MBA 2017

Gaurav Sachdeva
CEO
Gaurav Sachdeva

CEO-JSW One Platforms, JSW Ventures · Indian School of Business MBA 2004

Saurabh Chandra
Co-Founder & CTO
Saurabh Chandra

Ex-Qualtech Consultants, Standard Chartered Bank. Indian Institute of Technology, Kanpur BTech 2001, Indian Institute of Management, Lucknow PGDM 2009

Abhishek Agarwal
Founder
Abhishek Agarwal
repeat founder

Ex-Deutsche Bank · IIT Bombay BTech, MTech 2012

Where the founders studied
alma mater on record for 237 of 2,145 founders
IIT Bombay39
Indian School of Business19
IIM Ahmedabad14
Harvard Business School13
Harvard University13
IIT Kharagpur10
IIM Calcutta10
University of Warwick9
Where they worked before
a previous employer on record for 52 of 2,145 founders
McKinsey10
Amazon8
Boston Consulting Group6
Google5
eBay5
Flipkart5
Goldman Sachs4
Morgan Stanley4
Founders flagged as repeat founders
of 1,858 founders with a profile on this page
29
carry a repeat-founder flag
  • flagged as repeat founders29
  • no repeat-founder flag1,829
Radar

Look up the people behind Retail companies in Mumbai

Search founders, executives and operators by company, role and location.

Who funds Retail in Mumbai

Since 2016 there have been 847 funding rounds from 3,794 investors, with a typical round size of $708 k.

Investor · most active investors since 2016RoundsLedLatest
Venture Catalysts2712May 2025
Angel List248Mar 2025
Blume Venture248Sep 2025
Trifecta Capital197Apr 2025
Kae Capital196May 2025
Wellfound185Jan 2023
Stride Ventures185Feb 2026
LetsVenture165Feb 2024
Fireside Ventures139Oct 2025
Peak XV Partners137Feb 2026
Stage mix · rounds since 2016
Seed & Angel527
Series A–B198
Series C+ / PE78
Grants, debt & other44

The typical round is $708k — half were bigger, half smaller.

The biggest Retail funding rounds in Mumbai

The largest disclosed round is Purplle’s $180 M Series F, and ten other large rounds are listed.

Venture round sizes · 2023–2025
<$1M126
$1–10M92
$10–50M20
$50–250M4
>$250M0

242 venture rounds with a disclosed amount in the window.

Fresh cheques · last 6 months

What the news says about Retail in Mumbai

In the last year, 127,080 news articles mentioned the sector, focusing on topics such as geopolitical disputes and trade‑related issues.

News volume
Retail coverage tagged Mumbai · articles per quarter
2021Q2: 18,6292021Q3: 17,6762021Q4: 16,0672022Q1: 19,9572022Q2: 22,9072022Q3: 24,4892022Q4: 25,8992023Q1: 29,3442023Q2: 27,8372023Q3: 25,1802023Q4: 28,3302024Q1: 25,5292024Q2: 26,9922024Q3: 28,8332024Q4: 33,1422025Q1: 38,2642025Q2: 31,8022025Q3: 33,5712025Q4: 29,5852026Q1: 33,732
2021Q22026Q1
peak 38,264 in 2025Q1 · 127,080 articles in the last 12 tracked months
Tone of coverage
share of articles by dominant sentiment (positive / neutral / negative)
202120232025
Positive-tone share moved 65% → 72%, negative 32% → 27% across 2021–2025.

What the coverage is about

The subjects that dominate Retail news in India. The arrow shows whether each one is being written about more or less than a year ago.

  • Geopolitical disputes and contested areas300,779▲+33%
  • International and transnational geographic entities300,760▲+33%
  • Administrative and political subdivisions300,704▲+33%
  • International sports competitions111,147→+1%
  • International political relations73,341▲+50%
  • New product launches and innovations59,726▲+29%
  • Cricket test matches55,428▲+14%
  • Political party dynamics54,720→+2%
  • Strategic partnerships and collaborations51,469▲+35%
  • Trade policies and agreements46,872▲+95%
Most-covered companies · last 12 months

95 Retail companies here were named in the news over this period.

Prism

Watch Retail coverage in India as it happens

Prism follows these subjects story by story — which companies are named, what is said about them and how the tone moves.

Momentum

The words getting louder — and quieter

Which terms are showing up in more stories than a year ago, and which are fading. The percentage is the change in how many articles mention them.

tariff negotiations+104%bilateral trade+89%trade dispute mechanisms+105%trade barrier reduction+83%trade facilitation commitments+95%countries+128%free trade deals+67%multilateral diplomacy+44%diplomatic strategies+63%bilateral trade imbalance+60%
odi cricket-37%limited overs cricket-38%odi tactics-36%odi series-37%odi tournaments-37%

The pressures the press keeps returning to

Three recurring angles in India Retail coverage, and whether each is getting more attention year on year (through 2025).

Regulatory Risk ▲ rising
1,836,149 articles touch this dimension · 43.3% critical tone
20212025
signals: territories, disputed islands, test cricket
Funding Momentum ▲ rising
243,332 articles touch this dimension · 48.6% critical tone
20212025
signals: pre-ipo valuation, ipo prospectus, ipo pricing
Growth ▲ rising
525,759 articles touch this dimension · 46.7% critical tone
20212025
signals: gdp growth rate, economic output growth, economic growth statistics

Retail jobs in Mumbai: who is hiring and what they ask for

There were 856 job postings from 198 employers in the past 12 months, with median advertised pay of $8 k per year and skills like inventory management and SQL.

856postings · last 12 months
1,261postings tracked overall
198employers advertising
$8kmedian advertised salary/yr (n=224)

Demand

The Skills Employers Ask For

What Retail employers in Mumbai put in their job ads. The bar is how many postings ask for it; the arrow shows whether demand grew or shrank against the year before.

  • inventory management101
  • excel91
  • communication skills82
  • customer service67
  • sql66
  • communication65
  • python65
  • data analysis59
  • sales51
  • javascript46
What level are these roles?
Entry17
Intern57
Senior183
Lead86
Manager357
What they pay, by level
  • Manager$8k/yr (n=71)
Most advertised titles
  • Store Manager14
  • Department Manager10
  • Graphic Designer10
  • Product Manager7
  • Retail Store Manager7
  • Frontend Developer6

22 internships were advertised in the last 12 months, across 12 of these companies.

Keep going

Track Retail in Mumbai beyond this page

Radar finds and filters the companies. Prism watches what is being said about them.

About this data: built from Fliar's company, founder, funding, hiring, jobs and news trackers, covering Mumbai. Counts are of companies we track, not of every company that exists. Updated August 2026.
Coming soon