Eternal, Nykaa lead retail-tech watchlist as India's market races toward Rs 215 trillion by 2035
A BCG-RAI report projects India's retail market doubling to Rs 215 trillion by 2035 from Rs 90-95 trillion in 2025. Four retail-tech enablers—Eternal/Zomato, Nykaa, Delhivery and IndiaMART—stand out, with Eternal posting Q3 FY26 revenue of Rs 16,315 crore, up 201.9% YoY, and quick commerce hitting breakeven.
BCG-RAI report projects India's retail market at Rs 215 trillion by 2035. Analysis highlights four retail-tech enablers—Eternal/Zomato, Nykaa, Delhivery, IndiaMART—with Eternal posting Q3 FY26 revenue of Rs 16,315 crore and quick commerce reaching breakeven.