India retail market may reach ₹215 trillion by 2035, lifting retail-tech watchlist
A Financial Express analysis flags Eternal, Nykaa, Delhivery and IndiaMART as retail-tech beneficiaries of India’s projected retail expansion. Eternal’s quick-commerce business has reached breakeven, while Nykaa is adding stores, rapid delivery capacity and B2B reach.
India’s retail market could reach Rs 210-215 trillion by 2035, supporting retail-tech players Eternal, Nykaa, Delhivery and IndiaMART. Eternal’s quick commerce reached breakeven, while Nykaa expanded stores, rapid delivery and B2B distribution.
Why this matters
The watchlist follows signals of Eternal’s Q3 revenue rising 202% as quick commerce reached breakeven and the addition of 200-plus stores. It also aligns with a recent signal on Eternal and Nykaa scaling quick commerce and omnichannel retail.
Retail-company signals are accelerating, up 1,112,900% QoQ.