Top 10 RetailTech Startups in India In recent years, the Indian retail landscape has undergone a dramatic transformation, fueled by technological innovations. From personalized shopping experiences to seamless supply chain management, startups are disrupting traditional retail models and reshaping the industry. Here’s a comprehensive look at the top 10 retail tech startups in India driving this revolution:
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1.ZestMoney:
ZestMoney is a financial technology company that offers digital EMI options at the point of sale, enabling consumers to make purchases online or offline and pay for them in easy installments without the need for a credit card. The platform aims to make financing more accessible and affordable for individuals, especially those who may not have access to traditional banking services or credit cards.
| Aspect | Details |
|---|---|
| Founder(s) | Lizzie Chapman, Priya Sharma, Ashish Anantharaman |
| Founded Year | 2015 |
| Location | Bengaluru, India |
| Description | ZestMoney is a fintech company that provides digital lending services, offering instant loans for online purchases. Founded in 2015 by Lizzie Chapman, Priya Sharma, and Ashish Anantharaman, the company aims to provide accessible and affordable financing options for consumers in India, particularly those without access to traditional credit avenues. ZestMoney leverages technology for instant loan approvals, a seamless online application process, and flexible repayment options. It has partnered with various e-commerce platforms to offer convenient financing options to customers. The company is headquartered in Bengaluru, India, and has been steadily growing in providing accessible financing solutions for online purchases. |
ZestMoney is revolutionizing the way consumers make purchases by offering digital EMI (Equated Monthly Installments) options at the point of sale. Their platform enables consumers to buy products online or offline through partner merchants and pay for them in easy installments, without the need for a credit card.
2.Meesho:
Meesho is a social commerce platform that empowers small businesses and individuals to start their online retail ventures. Through the Meesho app, users can source products directly from manufacturers, set their own prices, and sell them through social media channels such as WhatsApp, Facebook, and Instagram. Meesho provides tools and support to help sellers manage their businesses effectively and reach a wider audience.
| Aspect | Details |
|---|---|
| Founder(s) | Vidit Aatrey, Sanjeev Barnwal |
| Founded Year | 2015 |
| Location | Bengaluru, India |
| Description | Meesho is an Indian social commerce platform founded in 2015 by Vidit Aatrey and Sanjeev Barnwal. It enables individuals, particularly housewives, students, and small business owners, to start their own online businesses with zero investment by reselling products via social media platforms such as WhatsApp, Facebook, and Instagram. Meesho connects suppliers with resellers and provides tools and support for managing orders, payments, and logistics. The platform offers a wide range of products, including fashion, accessories, home decor, and electronics. Based in Bengaluru, India, Meesho has grown rapidly and become a prominent player in India’s e-commerce and social commerce landscape. |
Meesho is empowering small businesses and individuals to become entrepreneurs by providing them with a platform to start their online retail businesses. Through its app, users can source products directly from manufacturers, set their own prices, and sell them through social media channels.
3.Shiprocket:
Shiprocket is a prominent player in India’s retail tech landscape, offering comprehensive logistics and supply chain solutions tailored for e-commerce businesses. Leveraging advanced technology, Shiprocket streamlines shipping processes, optimizes delivery routes, and enhances overall efficiency. Its user-friendly platform and extensive network have positioned it as a vital partner for retailers seeking to expand their online presence. Shiprocket’s innovative approach and commitment to customer satisfaction underscore its significance in India’s evolving retail ecosystem.
| Aspect | Details |
|---|---|
| Founder(s) | Saahil Goel, Gautam Kapoor |
| Founded Year | 2017 |
| Location | Gurugram, India |
| Description | Shiprocket is an Indian logistics and shipping aggregation platform founded in 2017 by Saahil Goel and Gautam Kapoor. It offers end-to-end shipping solutions for e-commerce businesses, enabling them to ship their products domestically and internationally with ease. Shiprocket aggregates multiple courier partners and provides a single platform for order management, shipping, tracking, and analytics. The platform offers features such as automated order processing, real-time tracking, and seamless integration with e-commerce platforms. Based in Gurugram, India, Shiprocket has quickly emerged as a leading logistics solution provider for e-commerce businesses in India. |
Shiprocket is addressing the logistical challenges faced by e-commerce businesses in India by providing them with a tech-driven logistics platform. From order management to last-mile delivery, Shiprocket’s platform offers end-to-end solutions, helping businesses streamline their shipping processes and improve customer satisfaction.
4.Ninjacart:
Ninjacart is a pioneering retail tech startup in India, specializing in the agricultural supply chain. Through its innovative platform, Ninjacart connects farmers directly with retailers, eliminating middlemen and ensuring fresher produce at competitive prices. Leveraging technology such as data analytics and mobile apps, Ninjacart optimizes logistics, reduces wastage, and improves farmers’ livelihoods. Its disruptive approach has transformed the traditional agricultural market, making Ninjacart a key player in India’s retail tech landscape.
| Aspect | Details |
|---|---|
| Founder(s) | Thirukumaran Nagarajan |
| Founded Year | 2015 |
| Location | Bengaluru, India |
| Description | Ninjakart is an Indian B2B agri-marketing platform founded in 2015 by Thirukumaran Nagarajan. It connects farmers directly with businesses such as retailers, restaurants, and hotels to facilitate the sale of fresh produce. The platform uses technology to streamline the supply chain, reducing wastage and ensuring fair prices for both farmers and buyers. Ninjakart operates on a tech-enabled logistics network, enabling efficient procurement, storage, and delivery of agricultural products. Headquartered in Bengaluru, India, Ninjakart has contributed to transforming the agricultural supply chain in India by leveraging technology to connect farmers with markets in a more efficient and transparent manner. |
Ninjacart is transforming the agricultural supply chain in India by connecting farmers directly with retailers and businesses. Through its technology platform, Ninjacart enables farmers to sell their produce efficiently, reducing wastage and ensuring fair prices for both farmers and retailers.
5.Perpule:
Perpule is a leading retail tech startup in India, revolutionizing the in-store shopping experience through its innovative solutions. The company’s flagship product, the Perpule app, allows customers to skip queues by scanning products, making payments digitally, and receiving digital receipts—all within the app. Additionally, Perpule provides retailers with a comprehensive platform for inventory management, sales analytics, and customer engagement. With its focus on enhancing efficiency and convenience for both shoppers and retailers, Perpule is shaping the future of retail in India
| Aspect | Details |
|---|---|
| Name | Perpule |
| Founder(s) | Abhinav Pathak, Saketh BSV, Yogesh Ghaturle |
| Founded Year | 2016 |
| Location | Bengaluru, India |
| Description | Perpule is an Indian retail tech company founded in 2016 by Abhinav Pathak, Saketh BSV, and Yogesh Ghaturle. It offers a self-checkout and omni-channel solution for retail stores, enabling customers to scan and pay for products using their smartphones. Perpule’s platform also provides features such as store navigation, personalized recommendations, and digital receipts. The company aims to enhance the shopping experience for customers while helping retailers improve operational efficiency and drive sales. Headquartered in Bengaluru, India, Perpule has been expanding its presence in the retail sector and driving innovation in retail technology. |
Perpule is redefining the in-store shopping experience with its self-checkout and omni-channel retail solutions. Their mobile app allows customers to scan and pay for products directly from their smartphones, eliminating the need for traditional checkout counters and reducing wait times
6.Mall91:
Mall91 is an emerging retail tech startup in India, focusing on social commerce in Tier 2 and Tier 3 cities. The platform combines e-commerce with social networking, creating a unique shopping experience for users. Mall91 connects local sellers directly with buyers through its mobile app, allowing for personalized interactions and real-time product demonstrations via live streaming. Leveraging social networks and community engagement, Mall91 enables users to discover products, place orders, and share recommendations with friends and family. With its innovative approach to online shopping and emphasis on inclusivity, Mall91 is poised to make a significant impact in India’s retail landscape.
| Attribute | Details |
|---|---|
| Founder(s) | Nitin Raj Gupta, Sushmita Vanita Yadav |
| Founded Year | 2018 |
| Location | Gurugram, India |
| Description | Mall91 digitizes local markets and enables social commerce by connecting retailers with consumers through its platform, fostering economic growth in tier 2 and tier 3 cities. |
Mall91 is bridging the gap between online and offline retail by digitizing local markets and connecting retailers with consumers through its social commerce platform. Users can discover products, place orders, and make payments within their local communities, fostering economic growth in tier 2 and tier 3 cities.
7.Unicommerce:
Unicommerce is a leading retail tech startup in India, specializing in providing comprehensive solutions for e-commerce businesses. The company offers a unified platform that integrates various aspects of the e-commerce ecosystem, including order management, inventory management, warehouse management, and omnichannel sales. Unicommerce’s platform enables seamless operations across multiple sales channels, such as online marketplaces, websites, and brick-and-mortar stores, streamlining processes and improving efficiency. With features like real-time inventory tracking, automated order processing, and data analytics, Unicommerce empowers businesses to scale their operations and deliver exceptional customer experiences. As a trusted partner for thousands of e-commerce sellers and brands, Unicommerce plays a crucial role in driving growth and innovation in India’s retail industry.
| Attribute | Details |
|---|---|
| Founder(s) | Ankit Pruthi, Kapil Makhija, Karun Singla, Vibhu Garg |
| Founded Year | 2012 |
| Location | New Delhi, India |
| Description | Unicommerce provides cloud-based multichannel order fulfillment solutions for e-commerce businesses, helping them manage inventory, process orders, and scale their online operations. |
Unicommerce is empowering e-commerce businesses with its cloud-based multichannel order fulfillment platform. From inventory management to order processing, Unicommerce’s solution helps businesses manage their operations more efficiently and scale their online presence.
8.Vernacular.ai
Vernacular.ai is a pioneering startup in the field of artificial intelligence-driven voice automation, with a focus on enabling businesses to interact with customers in regional languages. The company’s flagship product, VIVA, is an AI-powered virtual assistant designed to understand and respond to customer queries in multiple Indian languages, including Hindi, Bengali, Tamil, and more. By leveraging natural language processing (NLP) and machine learning algorithms, VIVA enables businesses to offer personalized and efficient customer support across various channels, such as voice calls, chatbots, and IVR systems.
| Attribute | Details |
|---|---|
| Founder(s) | Akshay Deshraj, Manoj Sarda, Sourabh Gupta |
| Founded Year | 2016 |
| Location | Bengaluru |
| Description | Vernacular.ai offers AI-powered voice and chatbot solutions for retail, enabling businesses to engage with customers in their preferred languages and enhance customer satisfaction. |
Vernacular.ai is revolutionizing customer engagement in retail through its AI-powered voice and chatbot solutions. By enabling businesses to interact with customers in their preferred languages, Vernacular.ai helps improve customer satisfaction and drive sales in diverse linguistic regions.
9.Shoptimize:
Shoptimize is an e-commerce platform revolutionizing online retail by providing advanced technology solutions to optimize sales and enhance customer experiences. With its cutting-edge AI-driven tools, Shoptimize enables businesses to create personalized shopping experiences tailored to individual preferences, driving higher conversion rates and customer satisfaction. By leveraging data analytics and machine learning algorithms, Shoptimize empowers retailers to make informed decisions, improve inventory management, and increase profitability. Through its user-friendly interface and seamless integration with various e-commerce channels, Shoptimize simplifies the online shopping process for both merchants and consumers, fostering growth in the digital marketplace. With a focus on innovation and customer-centric strategies, Shoptimize continues to reshape the future of online retailing.
| Attribute | Details |
|---|---|
| Founder(s) | Ganesh Balakrishnan, Vijay Ghadge |
| Founded Year | 2012 |
| Location | Pune |
| Description | Shoptimize provides e-commerce enablement solutions for brands and retailers, combining technology, data analytics, and marketing services to create personalized shopping experiences. |
Shoptimize is helping brands and retailers enhance their online presence and drive sales through its e-commerce enablement platform. By combining technology, data analytics, and marketing services, Shoptimize empowers businesses to create personalized shopping experiences and optimize their digital marketing strategies
10.DotPe:
DotPe is a leading digital commerce platform in India, offering innovative solutions for merchants to streamline their online and offline transactions. With its user-friendly interface and robust technology, DotPe enables businesses to accept orders, payments, and manage inventory seamlessly. By bridging the gap between offline and online commerce, DotPe empowers merchants to enhance customer engagement and drive sales growth. Through its comprehensive suite of services, including QR-based ordering and payment solutions, DotPe is revolutionizing the retail landscape in India.
| Attribute | Details |
|---|---|
| Founder(s) | Anurag Gupta, Gyanesh Sharma, Shailaz Nag |
| Founded Year | 2020 |
| Location | Gurugram |
| Description | DotPe simplifies digital payments for small businesses with its QR code-based payment solution, facilitating order acceptance, payment processing, and customer engagement. |
DotPe is simplifying digital payments for small businesses in the retail sector with its QR code-based payment solution. From accepting orders to processing payments, DotPe’s platform offers a seamless and secure way for businesses to transition to digital payments and grow their customer base.
Frequently Asked Questions (FAQ’s) about Top 10 RetailTech Startups in India:
DotPe:
- What is DotPe?
- DotPe is a digital commerce platform that enables merchants to accept online and offline orders, manage inventory, and facilitate payments seamlessly.
- How does DotPe work?
- DotPe provides merchants with QR-based ordering and payment solutions, allowing customers to place orders and make payments using their smartphones. Merchants can manage orders, track inventory, and accept payments through the DotPe dashboard.
Shoptimize:
- What is Shoptimize?
- Shoptimize is an e-commerce platform that offers advanced technology solutions to optimize online retail sales and enhance customer experiences.
- How does Shoptimize help businesses?
- Shoptimize empowers businesses to create personalized shopping experiences, improve inventory management, and increase profitability through AI-driven tools and data analytics.
Unicommerce:
- What does Unicommerce offer?
- Unicommerce is a technology solution provider for e-commerce businesses, offering services such as order management, inventory management, warehouse management, and omnichannel selling solutions.
- How does Unicommerce benefit e-commerce businesses?
- Unicommerce helps e-commerce businesses streamline their operations, manage orders and inventory efficiently, and scale their businesses across multiple channels.
Meesho:
- What is Meesho?
- Meesho is a social commerce platform that enables individuals to start and grow their online businesses by reselling products to their social networks.
- How does Meesho work?
- Meesho connects resellers with suppliers and provides them with a platform to showcase and sell products through social media channels like WhatsApp, Facebook, and Instagram.
Ninja Kart:
- What is Ninja Kart?
- Ninja Kart is an online grocery delivery platform that offers a wide range of grocery items, including fresh produce, pantry staples, and household essentials.
- How does Ninja Kart operate?
- Ninja Kart allows customers to place orders through its website or mobile app and delivers groceries to their doorstep. It partners with local vendors and supermarkets to fulfill orders.
ZestMoney:
- What is ZestMoney?
- ZestMoney is a fintech startup that offers digital lending solutions, allowing consumers to access affordable financing options for online purchases.
- How does ZestMoney work?
- ZestMoney partners with e-commerce platforms and merchants to offer instant financing options at the checkout. Customers can apply for loans online and pay in easy installments without the need for a credit card.
These ten startups exemplify the innovative spirit driving the transformation of the retail industry in India. By leveraging technology to address the diverse needs of consumers, businesses, and supply chain stakeholders, they are reshaping the retail landscape and paving the way for a more connected and efficient future.
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