Eternal, Nykaa lead retail-tech watchlist as India market eyes Rs 215 trillion by 2035
A BCG-RAI report projects India's retail market roughly doubling from Rs 90-95 trillion in 2025 to Rs 210-215 trillion by 2035. Four enablers—Eternal (Zomato), Nykaa, Delhivery and IndiaMART—are flagged as beneficiaries. Eternal's Q3 FY26 revenue rose 201.9% YoY to Rs 16,315 crore with quick commerce nearing breakeven and 200+ net stores added.
India's retail market projected to hit Rs 215 trillion by 2035, per BCG-RAI report. Article profiles four retail-tech enablers—Eternal (Zomato), Nykaa, Delhivery, IndiaMART. Eternal Q3 FY26 revenue jumped 201.9% YoY, quick commerce reached breakeven, added 200+ stores.
Why this matters
Eternal anchors a BCG-RAI retail-tech watchlist alongside Nykaa, Delhivery and IndiaMART, with Q3 FY26 revenue up 201.9% YoY and quick commerce approaching breakeven.
Retail-company signals are accelerating, up +701200% QoQ.