Retail technology, or RetailTech, is revolutionizing the way consumers shop and retailers operate in India. With advancements in AI, machine learning, and data analytics, Indian startups are driving this transformation. Here’s a detailed look at the top 10 RetailTech startups in India, showcasing their innovative solutions and impact on the retail sector.
1. Zopper
| Category | Details |
|---|---|
| Founders | Neeraj Jain, Surjendu Kuila |
| Founded | 2010 |
| Headquarters | New Delhi |
| Key Solutions | SaaS for POS, inventory management, billing, customer engagement |
| Description | Provides small and medium retailers with tools to integrate offline and online sales channels, enhancing operational efficiency. |
| Website | zopper.com |
| Funding | $20 million (approx.) |
| Major Investors | Tiger Global, Nirvana Venture Advisors |
Zopper provides a SaaS platform for small and medium retailers, offering point-of-sale (POS) solutions, inventory management, billing, and customer engagement tools. By integrating offline and online sales channels, Zopper enables seamless operations for retailers, enhancing customer experience and operational efficiency.
2. Fynd
| Category | Details |
|---|---|
| Founders | Harsh Shah, Farooq Adam, Sreeraman MG |
| Founded | 2012 |
| Headquarters | Mumbai |
| Key Solutions | Omnichannel platform, inventory management, logistics, payments |
| Description | Connects online shoppers with offline retailers, enabling quick delivery and reducing stockouts through integrated technology. |
| Website | fynd.com |
| Funding | $42 million (approx.) |
| Major Investors | Google, Axis Capital |
Founders: Harsh Shah, Farooq Adam, Sreeraman MG
Founded: 2012
Headquarters: Mumbai
Fynd is an omnichannel platform that connects online shoppers with offline retailers. The platform allows customers to discover and buy fashion products directly from nearby stores, ensuring quick delivery and reducing stockouts. Fynd’s technology integrates inventory management, logistics, and payments, creating a unified retail ecosystem.
3. Bira91
| Category | Details |
|---|---|
| Founders | Ankur Jain |
| Founded | 2015 |
| Headquarters | New Delhi |
| Key Solutions | Data analytics, consumer insights |
| Description | Utilizes data to optimize distribution and marketing, enhancing customer engagement and sales for its craft beer brand. |
| Website | bira91.com |
| Funding | $130 million (approx.) |
| Major Investors | Sequoia Capital, Sofin |
Founders: Ankur Jain
Founded: 2015
Headquarters: New Delhi
Bira91 is a craft beer brand that leverages data analytics and consumer insights to drive its retail strategy. Through advanced data collection methods, Bira91 analyzes consumer preferences and market trends, optimizing distribution and marketing efforts to enhance customer engagement and sales.
4. Udaan
| Category | Details |
|---|---|
| Founders | Amod Malviya, Sujeet Kumar, Vaibhav Gupta |
| Founded | 2016 |
| Headquarters | Bangalore |
| Key Solutions | B2B e-commerce platform, procurement, logistics, payments |
| Description | Connects manufacturers, wholesalers, traders, and retailers across various categories, streamlining supply chain operations. |
| Website | udaan.com |
| Funding | $1.2 billion (approx.) |
| Major Investors | DST Global, Lightspeed Venture Partners |
Founders: Amod Malviya, Sujeet Kumar, Vaibhav Gupta
Founded: 2016
Headquarters: Bangalore
Udaan is a B2B e-commerce platform that connects manufacturers, wholesalers, traders, and retailers across various categories like electronics, clothing, and FMCG. Udaan offers technology-driven solutions for procurement, logistics, and payments, streamlining supply chain operations and providing retailers with a wide range of products at competitive prices.
5. ShopX
| Category | Details |
|---|---|
| Founders | Amit Sharma, Apoorva Jois |
| Founded | 2015 |
| Headquarters | Bangalore |
| Key Solutions | Digital tools for retailers, inventory management, payments |
| Description | Empowers small retailers with digital tools and a wide product catalog, enhancing operational efficiency and customer service. |
| Website | shopx.in |
| Funding | $50 million (approx.) |
| Major Investors | Fung Strategic Holdings, Nandan Nilekani |
Founders: Amit Sharma, Apoorva Jois
Founded: 2015
Headquarters: Bangalore
ShopX empowers small retailers with digital tools and a wide product catalog, enabling them to compete with larger retail chains. The platform offers inventory management, digital payment solutions, and access to a diverse range of products. ShopX’s technology helps retailers enhance their operational efficiency and customer service.
6. Ninjacart
| Category | Details |
|---|---|
| Founders | Thirukumaran Nagarajan, Sharath Loganathan, Ashutosh Vikram, Kartheeswaran KK, Shankar, Vasudevan |
| Founded | 2015 |
| Headquarters | Bangalore |
| Key Solutions | Supply chain optimization, data analytics, logistics |
| Description | Connects farmers with retailers to reduce intermediaries, ensuring fresher produce at lower costs through data-driven logistics. |
| Website | ninjacart.in |
| Funding | $150 million (approx.) |
| Major Investors | Tiger Global, Accel Partners |
Founders: Thirukumaran Nagarajan, Sharath Loganathan, Ashutosh Vikram, Kartheeswaran KK, Shankar, Vasudevan
Founded: 2015
Headquarters: Bangalore
Ninjacart is an agritech startup that optimizes the supply chain for fresh produce. By directly connecting farmers with retailers, Ninjacart reduces intermediaries, ensuring fresher produce at lower costs. The platform uses data analytics to forecast demand, manage inventory, and streamline logistics, benefiting both farmers and retailers.
7. Dukaan
| Category | Details |
|---|---|
| Founders | Suumit Shah, Subhash Choudhary |
| Founded | 2020 |
| Headquarters | Bangalore |
| Key Solutions | Online store creation, inventory management, digital payments |
| Description | Provides a platform for small businesses to quickly go digital, offering tools for managing inventory, orders, and payments. |
| Website | mydukaan.io |
| Funding | $11 million (approx.) |
| Major Investors | Matrix Partners India, Lightspeed India Partn |
Founders: Suumit Shah, Subhash Choudhary
Founded: 2020
Headquarters: Bangalore
Dukaan provides an easy-to-use platform for small businesses to create their online stores. Targeting local retailers, the platform offers tools for inventory management, order tracking, and digital payments. Dukaan enables small retailers to go digital quickly, tapping into the growing e-commerce market.
8. Instamojo
| Category | Details |
|---|---|
| Founders | Sampad Swain, Akash Gehani, Aditya Sengupta |
| Founded | 2012 |
| Headquarters | Bangalore |
| Key Solutions | Payment solutions, e-commerce storefronts, marketing tools |
| Description | Offers an all-in-one platform for SMEs to build and grow their online presence, enabling efficient business management. |
| Website | instamojo.com |
| Funding | $8 million (approx.) |
| Major Investors | Kalaari Capital, Blume Ventures |
Founders: Sampad Swain, Akash Gehani, Aditya Sengupta
Founded: 2012
Headquarters: Bangalore
Instamojo offers an all-in-one platform for small and medium-sized enterprises (SMEs) to build, manage, and grow their businesses online. The platform provides payment solutions, e-commerce storefronts, and marketing tools, enabling retailers to scale their operations and reach a wider audience effectively.
9. SnapBizz
| Category | Details |
|---|---|
| Founders | Prem Kumar |
| Founded | 2013 |
| Headquarters | Bangalore |
| Key Solutions | Smart POS, inventory management, digital payments |
| Description | Digitizes traditional kirana stores with smart POS solutions, improving operational efficiency and competitiveness. |
| Website | snapbizz.com |
| Funding | $10 million (approx.) |
| Major Investors | Jungle Ventures, Qualcomm Ventures |
Founders: Prem Kumar
Founded: 2013
Headquarters: Bangalore
SnapBizz aims to digitize traditional kirana stores by providing smart POS solutions. The platform offers features like inventory management, digital payments, and customer loyalty programs. SnapBizz enhances the operational efficiency of small retailers and helps them compete with modern retail formats.
10. Perpule
| Category | Details |
|---|---|
| Founders | Abhinav Pathak, Saketh BSV, Yogesh Ghaturle |
| Founded | 2016 |
| Headquarters | Bangalore |
| Key Solutions | Self-checkout solutions, cloud-based POS |
| Description | Provides self-checkout and POS systems that integrate with existing retail systems, reducing checkout times and enhancing shopping experiences. |
| Website | perpule.com |
| Funding | $4.7 million (approx.) |
| Major Investors | Prime Venture Partners, Kalaari Capital |
Founders: Abhinav Pathak, Saketh BSV, Yogesh Ghaturle
Founded: 2016
Headquarters: Bangalore
Perpule offers self-checkout solutions and a cloud-based POS system for retailers. The platform allows customers to scan and pay for products using their smartphones, reducing checkout times and enhancing the shopping experience. Perpule’s technology integrates with existing retail systems, providing a seamless transition to modern retail practices.
FAQs and their answers regarding the top 10 RetailTech startups in India:
Zopper
Q1: What services does Zopper provide?
A1: Zopper offers SaaS solutions for POS, inventory management, billing, and customer engagement for small and medium retailers.
Q2: Where is Zopper headquartered?
A2: Zopper is headquartered in New Delhi, India.
Q3: Who are the founders of Zopper?
A3: Zopper was founded by Neeraj Jain and Surjendu Kuila.
Fynd
Q1: What is Fynd’s primary service?
A1: Fynd provides an omnichannel platform that connects online shoppers with offline retailers, facilitating inventory management, logistics, and payments.
Q2: When was Fynd founded?
A2: Fynd was founded in 2012.
Bira91
Q1: How does Bira91 use data analytics?
A1: Bira91 leverages data analytics to optimize distribution and marketing strategies, enhancing customer engagement and sales.
Q2: What product does Bira91 specialize in?
A2: Bira91 specializes in craft beer.
Q3: Who founded Bira91?
A3: Ankur Jain is the founder of Bira91.
Udaan
Q1: What type of platform does Udaan offer?
A1: Udaan offers a B2B e-commerce platform connecting manufacturers, wholesalers, traders, and retailers across various product categories.
Q2: How much funding has Udaan raised?
A2: Udaan has raised approximately $1.2 billion.
Q3: Where is Udaan based?
A3: Udaan is based in Bangalore, India.
ShopX
Q1: What does ShopX provide to small retailers?
A1: ShopX provides digital tools, inventory management, and payment solutions to small retailers, along with access to a wide product catalog.
Q2: Who are the founders of ShopX?
A2: ShopX was founded by Amit Sharma and Apoorva Jois.
Q3: When was ShopX established?
A3: ShopX was established in 2015.
Ninjacart
Q1: What problem does Ninjacart solve?
A1: Ninjacart optimizes the supply chain for fresh produce by directly connecting farmers with retailers, reducing intermediaries and ensuring fresher produce at lower costs.
Q2: Who are the founders of Ninjacart?
A2: Ninjacart was founded by Thirukumaran Nagarajan, Sharath Loganathan, Ashutosh Vikram, Kartheeswaran KK, Shankar, and Vasudevan.
Q3: What kind of technology does Ninjacart use?
A3: Ninjacart uses data analytics to forecast demand, manage inventory, and streamline logistics.
Dukaan
Q1: What is Dukaan’s primary service?
A1: Dukaan provides a platform for small businesses to create online stores, offering tools for inventory management, order tracking, and digital payments.
Q2: When was Dukaan founded?
A2: Dukaan was founded in 2020.
Q3: Where is Dukaan headquartered?
A3: Dukaan is headquartered in Bangalore, India.
Instamojo
Q1: What services does Instamojo offer?
A1: Instamojo offers payment solutions, e-commerce storefronts, and marketing tools for small and medium-sized enterprises (SMEs).
Q2: Who are the founders of Instamojo?
A2: Instamojo was founded by Sampad Swain, Akash Gehani, and Aditya Sengupta.
Q3: How much funding has Instamojo received?
A3: Instamojo has received approximately $8 million in funding.
SnapBizz
Q1: What does SnapBizz aim to do?
A1: SnapBizz aims to digitize traditional kirana stores with smart POS solutions, inventory management, and digital payments.
Q2: Who is the founder of SnapBizz?
A2: Prem Kumar is the founder of SnapBizz.
Q3: When was SnapBizz founded?
A3: SnapBizz was founded in 2013.
Perpule
Q1: What technology does Perpule offer?
A1: Perpule offers self-checkout solutions and a cloud-based POS system for retailers.
Q2: Who founded Perpule?
A2: Perpule was founded by Abhinav Pathak, Saketh BSV, and Yogesh Ghaturle.
Q3: How does Perpule enhance the shopping experience?
A3: Perpule reduces checkout times by allowing customers to scan and pay for products using their smartphones, integrating seamlessly with existing retail systems.
Conclusion
These RetailTech startups are playing a crucial role in transforming the retail landscape in India. By leveraging cutting-edge technology, they are helping retailers improve their operations, enhance customer experiences, and drive growth. As the retail industry continues to evolve, these startups are poised to lead the way in innovation and digital transformation.
