Eternal, Nykaa lead retail-tech watchlist as India's market races to Rs 215 trillion, resurfacing a December projection
A BCG-RAI report, resurfacing from late December, projects India's retail market to nearly double to Rs 215 trillion by 2035 from Rs 90-95 trillion in 2025. Four retail-tech enablers—Eternal/Zomato, Nykaa, Delhivery, IndiaMART—are in focus, with Eternal's Q3 FY26 revenue up 201.9% YoY to Rs 16,315 crore and quick commerce nearing breakeven.
BCG-RAI report projects India's retail market hitting Rs 215 trillion by 2035. Audit of four retail-tech enablers—Eternal/Zomato, Nykaa, Delhivery, IndiaMART—shows Eternal Q3 FY26 revenue up 201.9% to Rs 16,315 crore, quick commerce reaching breakeven.