India's retail market to hit Rs 215 trillion by 2035; Zomato, Nykaa among 4 tech plays to watch
A BCG-RAI report projects India's retail market more than doubling to Rs 210-215 trillion by 2035 from Rs 90-95 trillion in 2025. Retail-tech enablers Eternal (Zomato), Nykaa, Delhivery and IndiaMART are flagged as key beneficiaries, with Zomato posting Q3 FY26 revenue up 201.9% YoY to Rs 16,315 crore.
BCG-RAI report projects India's retail market to hit Rs 215 trillion by 2035. Article spotlights four retail-tech enablers—Eternal/Zomato, Nykaa, Delhivery, IndiaMART—with Zomato's Q3 FY26 showing strong growth and quick commerce breakeven.
Why this matters
The BCG-RAI report positions Eternal (Zomato) among four retail-tech enablers set to benefit from India's doubling retail market, backed by Q3 FY26 revenue growth of 201.9% YoY.
Retail-company signals accelerating at +766100% QoQ.