Eternal, Nykaa, Delhivery, IndiaMART flagged as retail-tech plays as India market eyes Rs 215 trillion by 2035
A BCG-RAI report projects India's retail market more than doubling to Rs 210-215 trillion by 2035 from Rs 90-95 trillion in 2025. Four retail-tech enablers are highlighted, led by Eternal (Zomato), whose Q3 FY26 revenue hit Rs 16,315 crore (+201.9% YoY) with quick commerce nearing breakeven and 200+ net stores added.
BCG-RAI report projects India's retail market at Rs 215 trillion by 2035. Piece analyzes four retail-tech enablers—Eternal (Zomato), Nykaa, Delhivery, IndiaMART—with Eternal's quick commerce reaching breakeven and strong Q3 FY26 revenue growth.
Why this matters
The BCG-RAI report positions Eternal (Zomato) as a lead retail-tech enabler in a doubling India market, backed by 201.9% YoY revenue growth and quick commerce nearing breakeven.
Retail-company signals accelerating, up 816300% QoQ.