Zomato, Nykaa among 4 retail-tech stocks to watch as India's retail market races to Rs 215 trillion
A BCG-RAI report projects India's retail market will roughly double to Rs 210-215 trillion by 2035 from Rs 90-95 trillion in 2025. Four retail-tech enablers—Eternal (Zomato), Nykaa, Delhivery and IndiaMART—stand out, with Eternal's quick commerce arm Blinkit hitting breakeven and 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. Four retail-tech enablers—Eternal (Zomato), Nykaa, Delhivery, IndiaMART—are highlighted, with Eternal's quick commerce reaching breakeven and strong Q3 FY26 revenue growth.
Why this matters
Eternal (Zomato) is positioned as a lead retail-tech enabler as Blinkit reaches breakeven and revenue surges 201.9% YoY, signaling scaling profitability in quick commerce ahead of a decade of retail expansion.
Retail-company signals accelerating, up 693700% QoQ.