India's retail market to hit Rs 215 trillion by 2035; Zomato, Nykaa lead tech enablers
A BCG-RAI report projects India's retail market surging from Rs 90-95 trillion in 2025 to Rs 210-215 trillion by 2035. Four retail-tech plays—Eternal (Zomato), Nykaa, Delhivery and IndiaMART—are positioned as enablers, with Eternal posting 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. Piece analyzes four retail-tech enablers—Zomato/Eternal, Nykaa, Delhivery, IndiaMART—with Eternal posting strong Q3 FY26 growth and quick commerce reaching breakeven.