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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 PUNE EDITION 2026

Pune’s
retail industry,
in focus.

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

Explore in Radar Read the key signals
Snapshot: Funding in USD
Illustrated cover for Retail Industry Landscape of Pune
IN
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Retail illustration
Companies tracked 665Retail ecosystem in Pune Disclosed funding $1.58B56 companies · all recorded rounds Companies hiring 57With open roles at the snapshot Tracked open roles 1309 employers posted in the preceding 30 days
MEET THE COMPANIES

Explore Pune’s retail leaders

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

Expand panel +
Explore the full landscape
Retail company highlights in Pune, snapshot 1 September 2026
Company
FirstCryfirstcry.com$513.39M—5,700—
ElasticRunelastic.run$461.5M—1,116$277.63MFYFY2025 filing
XpressBeesxpressbees.com$360.59M—29Financial figure available in RadarView in Radar
Palmonaspalmonas.com$47.26M5 roles——
GabbarDealsgabbardeals.com$41.31M—14—
Fridomyfrido.com$36.58M—213$18.49MFYFY2025 filing
Mirana Toysmiranatoys.com$15.7M6 roles69—
Plobal Appsplobalapps.com$14.21M—77$798.77KFYFY2025 filing
Heeliumheelium.in—6 roles22$3.79MFYFY2025 filing
Jodithejodilife.com—6 roles——
Ugaoougaoo.com—6 roles90—
Inspaccoinspacco.com—5 roles8—
Uni Seouluniseoul.in—5 roles——
UrbanRoofurbanroof.in—5 roles——
Gargigargi.shop——30Financial figure available in RadarView in Radar
Garware Technical Fibresgarwarefibres.com——1,154$155.79MFYFY2025 filing
Ghar Soapsgharsoaps.in———Financial figure available in RadarView in Radar
Heera Softwareheerasoftware.com——152$3.4MFYFY2025 filing
ICCcardindia.com——244—
Infotek Softwareinfoteksoftware.com——125$30.82MFYFY2025 filing
Nurserylivenurserylive.com——24—
QuickShiftquickshift.in——93$3.94MFYFY2025 filing
Rawmartrawmart.in———Financial figure available in RadarView in Radar
SG Martsgmart.co.in——124—
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 ↗

Startup discovery

Recorded classifications only
THE KEY SIGNALS

Retail industry KPIs in Pune

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

1 September 2026
Hiring participation8.6%

57 of 665 tracked companies have open roles.

Funding participation9.5%

63 of 665 tracked companies have a recorded round.

Top 3 funding share84.4%

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

Median disclosed round$443.65K

Midpoint of 141 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 84.4% of disclosed capital, while 90.5% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Pune retail has grown

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

Expand panel +
2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Pune retail
$0$130.98M$261.95M$392.93M$523.9M2016: $50.89M20162017: $49.29M20172018: $49.21M20182019: $455.79M20192020: $117.48M20202021: $108.88M20212022: $459.56M20222023: $91.34M20232024: $21.32M20242025: $46.56M2025
View the numbers
Annual retail funding and company formation in Pune
YearFunding (USD)FoundedRaising
2016$50.89M4710
2017$49.29M377
2018$49.21M4210
2019$455.79M579
2020$117.48M519
2021$108.88M6514
2022$459.56M5420
2023$91.34M4314
2024$21.32M4015
2025$46.56M810
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • FirstCry32.4%
  • ElasticRun29.2%
  • XpressBees22.8%
  • Other companies15.6%

Funding by stage

157 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel109 69.4%
Series A–B24 15.3%
Series C+ / PE11 7.0%
Grants, debt & other13 8.3%

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 · 131 reporting entities from 183 eligible matches.

Revenue in covered accounts₹11,216.9 crore

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

Net profit / loss₹-216.6 crore

Combined result for the same cohort.

Aggregate net margin-1.9%

Combined net income ÷ combined revenue.

Median company revenue₹2.4 crore

The middle covered reporting entity.

Profitable entities+50.4%

66 of 131 covered entities.

Top-five concentration+77.9%

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 · 131 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.

131 reporting entities
Continue your financial research in Radar

Explore full company accounts and filings.

View financials in Radar ↗
PUNE · 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 Pune companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

16 of the 665 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 259,565 visits.

CompanyMonthly visitsAuthorityMobile
FirstCryfirstcry.com7,067,1437687%
XpressBeesxpressbees.com5,227,7455294.6%
Palmonaspalmonas.com2,555,4205294.7%
Fridomyfrido.com2,464,6143994.1%
Ugaoougaoo.com993,1085091.6%
Nurserylivenurserylive.com595,4995091.1%
CouponzGurucouponzguru.com524,4174179.6%
Heeliumheelium.in317,2363296.2%
Zinrelozinrelo.com201,8942399.7%
Fubsfubs.in144,1691494.3%

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

Most-installed apps

68 of these companies (10.2%) publish at least one Android app — 133 apps in all, carrying 103.6M installs between them.

AppInstallsRatingStore category
FirstCry India - Baby & KidsFirstCry91.9M4.6Shopping
Sarvatra CardSafeSarvatra Technologies1.8M—Finance
FirstCry: ABC, 123 Kids GamesFirstCry1.7M3.7Educational
Xpressbees - Unified AppXpressBees1.6M3.7Business
PalmonasPalmonas1.4M4.7Shopping
Scandid - Shopping AssistantScandid1.2M—Shopping
Netsurf DirectNetsurf Communications908.4K5Business
VendekinVendekin710.7K1.9Shopping
Retailio Retailer B2B PlatformRetailio494.8K—Medical
Netsurf WorldNetsurf Communications415.2K—Business

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 (2023Q1–2026Q1).

SegmentAppsInstallsLeading appRelease trend
Online Mom & Baby Care1793.8MFirstCry India - Baby & Kids 91.9M
Horizontal E-Commerce82.6MScandid - Shopping Assistant 1.2M
E-Commerce Enablers121.8MXpressbees - Unified App 1.6M
Fashion Tech101.7MPalmonas 1.4M
Logistics Tech51.7MXpressForce 53.8K
B2C E-Commerce21.3MNetsurf Direct 908.4K
Online Grocery9716.9KVendekin 710.7K
B2B E-Commerce13658.2KRetailio Retailer B2B Platform 494.8K

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.

2023Q1: 32023Q1: 22023Q12023Q2: 22023Q2: 02023Q22023Q3: 42023Q3: 42023Q32023Q4: 42023Q4: 32023Q42024Q1: 32024Q1: 12024Q12024Q2: 32024Q2: 52024Q22024Q3: 32024Q3: 32024Q32025Q1: 62025Q1: 32025Q12025Q2: 32025Q2: 72025Q22025Q3: 22025Q3: 82025Q32026Q1: 22026Q1: 172026Q1

Darker bars are new releases, lighter bars apps updated. 55 of 133 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The Pune 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 tech521
Consumer digital361
B2c e-commerce333
Internet first brands171
Enterprise tech156
B2c fashion e-commerce102
Enterprise software90
Commerce enablers89
Marketplaces84
Internet first fashion brands72
Saas64
Retail saas52

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

SEGMENT TO EXPLORE

Retail tech

The largest measured segment in this report snapshot.

521companies
9.0%have hiring activity

47 companies hiring · $1.58B disclosed funding

Explore in Radar

How companies make money

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

E-commerce - product436
Subscription154
E-commerce - service149
Physical commerce94
Commission on transaction88
Advertising73
Fee-for-service55
Renting / leasing6
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

Expand panel +
Recent corporate headlines 10 dated reports
Funding roundspalmonas.com ↗

Jewellery brand Palmonas raised $40 million.

Funding roundsmiranatoys.com ↗

Toy-tech start-up Mirana Toys, has bagged ₹57.5 crore in Series A funding led by Arkam Ventures, with participation from Accel, Info Edge, and Riverwalk Holdings.

Funding roundsquickshift.in ↗

India-based full-stack fulfilment and supply chain technology company QuickShift has raised ₹22 crore in a Pre-Series A funding round led by Atomic Capital, with participation from Axilor Ventures and other investors.

Funding roundsaltrove.in ↗

Paris-based deeptech Altrove has raised $10 million in seed funding to scale production of AI-designed, sustainable alternatives to critical materials such as rare earths.

Mergers & acquisitionsxpressbees.com ↗

China’s online veteran company Alibaba Group Holding, Indian logistic company is negotiating to buy minority stake in XpressBees.

Mergers & acquisitionsgarwarefibres.com ↗

The acquisition of Offshore & Trawl Supply AS in Norway, announced last week is significant for many reasons: First, it establishes a manufacturing presence in Europe with a synthetic cordage plant and provides broader market access and the opportunity to expand the GTFL portfolio in Europe, Vayu Garware, chairman and managing director of GTFL, says.

IPO activityfirstcry.com ↗

FirstCry ,which mopped up Rs 4.193.73 crore from the public market during the year.

Funding roundsugaoo.com ↗

India’s #1 houseplants and urban gardening company Ugaoo – a category creator in the fast-growing home and garden category – has raised INR 47 crores in its Series A funding round led by V3 Ventures. Existing investors DSG Consumer Partners and RPG Ventures are also participating.

Earningsinstorindia.com ↗

Instor India, a leading manufacturer and exporter of retail fixtures, industrial solutions, and automotive components, delivered a strong performance in FY 2025–26, recording an impressive 80% year-on-year growth over FY 2024–25.

Earningssgmart.co.in ↗

New Delhi: SG Mart Ltd, a B2B marketplace focused on construction and industrial materials, has reported a steep 62% year on year (YoY) drop in consolidated net profit for Q3FY26 as demand for steel products, which form a core part of its business, weakened during the quarter.

Full recorded event mix

Top 10 categories among 104 recorded events in the 24-month window.

Funding rounds
26
Earnings
26
Leadership moves
16
Company announcements
9
Capital infusions
6
New products
6
Regulatory
5
Mergers & acquisitions
4
IPO activity
2
Lawsuit
1
6 activity cards

Swipe or scroll horizontally to browse.

IPO pipeline

1 companies with recorded IPO activity

FirstCry ↗

IPO · NSE12 reports

Leadership moves

6 tracked people moves

Palmonas ↗
Shraddha Kapoor

Appointment Co-founder

Palmonas ↗
Ritu Raj

Appointment Vice President – Supply Chain & Operations

Palmonas ↗
Hitesh Magoo

Appointment Vice President of Retail and Retention Marketing

Sekel Tech ↗
Mahesh Menon

Appointment Senior Partner

XpressBees ↗
Mohit Sardana

Appointment Chief Executive

XpressBees ↗
Uday Sharma

Appointment Chief Business Officer

Product launches

Products, platforms and features in the recorded window

Invisi Grille

Invisible safety grille

Litigation

1 tracked suits

Company
Luke O’Neill v wiggles, Anthony Field, Matthew Salgo

Employment contract breach and unfair dismissalCivil · Ongoing

Earnings pulse

Reported company results in the recorded window.

7companies
27period observations
16.0%median reported growth

Median across 21 reported growth observations; companies may contribute multiple periods.

Mergers and acquisitions

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

Acquirer → targetStatusDateValue / context
Alibaba Group Holding→XpressBees ↗Pending2025-07-10$100.0M
Garware Technical Fibres→offshore & trawl supply asAnnounced2025-07-10Not stated in snapshot
MEMG Family Office, Sharrp Ventures, DSP Family Office→FirstCry ↗Announced2023-08-21Not stated in snapshot
manipal group→FirstCry ↗Rumored2023-08-21Not stated in snapshot
Na→FirstCry ↗Rumored2023-08-21$3.0B
Ranjan Pai→FirstCry ↗Announced2023-08-21Not stated in snapshot

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

PEOPLE & OPPORTUNITY

The talent market

178 postings in the preceding 12 months. The full 212-posting snapshot covers 58 employers.

Expand panel +

Most advertised job titles

Creative Intern3
Financial Controller2
Front End Developer2
Fullstack Developer2
Senior Executive Inside Sales2
Videography Internship In Pimpri Chinchwad, Pune2
2 internship postings

1 tracked postings mention remote work.

The seniority mix

95 postings specify a level.

unspecified
117
manager
36
intern
24
senior
17
lead
13
entry
5

Skills employers mention

Top skills across 212 tracked postings in the available jobs snapshot.

Excel
17
Ms Excel
14
Inventory Management
14
Customer Service
13
Communication Skills
12
Negotiation
10
Gst
10
Market Research
9
Communication
9
Adobe Photoshop
9
THE PEOPLE BUILDING THE FIELD

Founders and leaders

459 founders and chief executives across 328 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

36 profiles with education records.

IIM Ahmedabad
6
IIT Bombay
4
Carnegie Mellon University
3
Indian Institute Of Management–Indore
2
IIT Guwahati
2
Cornell University
2
IIT Delhi
2
London School of Economics and Political Science
2

Prior employers

10 profiles with prior-work records.

Amazon
5
Goldman Sachs
3
Microsoft
3
Apple
1
Boston Consulting Group
1

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

NEWS INTELLIGENCE

How this industry appears in the news

28,228 articles in the measured 12-month window.

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28,228articles in the measured year
9,680articles in 2026Q1
78.5%positive tone in the latest complete year

News volume trends

Retail coverage tagged Pune · articles per complete quarter

02,7835,5668,34911,1322021Q2: 4,2192021Q22021Q3: 4,1842021Q4: 3,7322022Q1: 5,1212022Q2: 4,7882022Q22022Q3: 5,1922022Q4: 5,5102023Q1: 6,0312023Q2: 5,3762023Q22023Q3: 5,6272023Q4: 6,7992024Q1: 4,3722024Q2: 5,7682024Q22024Q3: 5,9142024Q4: 8,4442025Q1: 6,7832025Q2: 5,1102025Q22025Q3: 5,7362025Q4: 6,5532026Q1: 9,6802026Q1
View quarterly article counts
QuarterArticles
2021Q24,219
2021Q34,184
2021Q43,732
2022Q15,121
2022Q24,788
2022Q35,192
2022Q45,510
2023Q16,031
2023Q25,376
2023Q35,627
2023Q46,799
2024Q14,372
2024Q25,768
2024Q35,914
2024Q48,444
2025Q16,783
2025Q25,110
2025Q35,736
2025Q46,553
2026Q19,680

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
10,015 positive · 150 neutral · 3,349 negative
2022
16,259 positive · 282 neutral · 4,047 negative
2023
18,619 positive · 287 neutral · 4,902 negative
2024
18,258 positive · 335 neutral · 5,882 negative
2025
18,968 positive · 406 neutral · 4,778 negative

Leading coverage topics

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

UNDERSTAND THE LANDSCAPE

Retail in Pune: 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.

KEEP EXPLORING

Put Pune in context

All landscapes ↗

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