About In Store Retail Tech sector in India
The In Store Retail Tech sector in India comprises 1.11K companies, including 202 funded companies having collectively raised $1.49B in venture capital money and private equity. Out of these, 60 are Series A+ funded.
In Store Retail Tech sector in India has seen 34 acquisitions.
This sector includes technology solutions focused on brick-and-mortar retailers to manage and optimize in-store operations and related activities like marketing, analytics, customer engagement, etc.
In Store Retail Tech sector is also known as Retail Technology Solutions or Retail Store Tech.
Companies included in In Store Retail Tech
Companies offering technology solutions to aide different functions for offline retailers including inventory management, marketing, payments, workforce management, customer engagement etc. It also includes smart solutions like vending machines,shelves and shopping carts.Companies excluded in In Store Retail Tech
Companies offering standalone hardware or components like thermal printers, terminal devices, barcode scanners etc. for offline retailers.Top In Store Retail Tech Companies in India
There are more than 1.11K companies in In Store Retail Tech in India. Bizom is the top In Store Retail Tech company in India, ranked using Tracxn Score (what's this?).
Here are 5 of the top In Store Retail Tech companies in India:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Developer of retail intelligence platform for brands and B2B retailers | Bengaluru (India) | 2008 | Series B | $19.1M | |
App-based bookkeeping management solutions for small businesses | Bengaluru (India) | 2018 | Series C | $187M | |
Platform powering online and in-store retail operations using AI-driven tools | Mumbai (India) | 2012 | Acquired | $16M | |
Cloud-based mPOS software and hardware solutions for businesses | Bengaluru (India) | 2011 | Acquired | $66.4M | |
Blockchain-based traceability and sustainability solutions for the fashion industry | Coimbatore (India) | 2016 | Series B | $30M |
Companies founded year-on-year in the In Store Retail Tech sector in India
121 In Store Retail Tech startups in India were founded in 2016 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 2 |
2024 | 14 |
2023 | 38 |
2022 | 42 |
2021 | 42 |
2020 | 77 |
2019 | 93 |
2018 | 82 |
2017 | 105 |
2016 | 121 |
Stage-wise distribution of In Store Retail Tech sector companies in India
Out of the total 1,109 In Store Retail Tech companies in India, 202 have secured funding. Among them, 60 have reached Series A or higher, and 48 to Series B or beyond.
Founded - 1,109
Funded - 202
Series A+ - 60
Series B+ - 48
Series C+ - 38
Company Stage | No. of companies |
|---|---|
Founded | 1,109 |
Funded | 202 |
Series A+ | 60 |
Series B+ | 48 |
Series C+ | 38 |
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Funding Trends in the In Store Retail Tech sector in India
Total funding year-on-year in the In Store Retail Tech sector in India
The In Store Retail Tech sector in India saw a total funding of more than $1.27B in the last 10 years. The most amount of funding was in 2022 at more than $417M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $5.04M |
2024 | $75.2M |
2023 | $101M |
2022 | $417M |
2021 | $246M |
2020 | $108M |
2019 | $198M |
2018 | $34.3M |
2017 | $56.8M |
Recent Funding Rounds in In Store Retail Tech in India
In the year 2025, till December 2025, In Store Retail Tech companies in India have raised $10.6M in equity funding across 5 rounds.
In the same period last year (i.e. till October 2024), In Store Retail Tech companies in India had raised $51.2M across 15 rounds.
So, 2025 has seen a 79.39% drop in funding in In Store Retail Tech companies in India as compared to 2024.
Here are some recent, important funding rounds in In Store Retail Tech companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 5406 | Dec 17, 2025 | ||
Seed | 7269 | Nov 12, 2025 | ||
Series A | 7725 | Apr 02, 2025 | ||
Series C | 7002 | Mar 27, 2025 | ||
Series E | 3962 | Mar 06, 2025 |
Top Investors in In Store Retail Tech in India
Accel is the top investor in In Store Retail Tech companies in India based on number of companies invested.
Here are some top investors in In Store Retail Tech companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Palo Alto (United States) | ||
Redwood City (United States) | ||
Gurugram (India) | ||
Bengaluru (India) | ||
Bengaluru (India) |
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M&A activity in In Store Retail Tech sector in India
In the year 2025, till July 2025, 3 acquisitions happened in In Store Retail Tech sector in India.
Here are some recent, important acquisitions in In Store Retail Tech sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 18, 2025 | ||
Business Acquisition | May 20, 2025 | ||
Business Acquisition | Mar 27, 2025 | ||
Business Acquisition | Oct 30, 2023 | ||
Business Acquisition | Jul 13, 2023 |
Acquisition trends in In Store Retail Tech sector in India
Here are the acquisition trends in In Store Retail Tech sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | 3 |
2024 | - |
2023 | 3 |
2022 | 7 |
2021 | 3 |
2020 | 1 |
2019 | 4 |
2018 | 7 |
2017 | 1 |
2016 | 2 |
Colleges which produce the most In Store Retail Tech companies in India
Companies founded by alumni from top colleges in the In Store Retail Tech in India
Most number of In Store Retail Tech startups in India have been founded by alumni from IIT Delhi, BITS Pilani and IIM Ahmedabad.
College | No. of companies |
|---|---|
IIT Delhi | 23 |
BITS Pilani | 21 |
IIM Ahmedabad | 20 |
IIT Bombay | 17 |
IIT Kharagpur | 16 |
IIM Bangalore | 13 |
IIT Kanpur | 13 |
IIT Madras | 9 |
Indian School of Business | 8 |
IIM Calcutta | 6 |
Total funding in In Store Retail Tech companies founded by alumni from top colleges in India
In the last 10 years, IIT Bombay graduates' In Store Retail Tech companies in India have raised the most funding among top colleges. IIT Delhi alumni are second, and IIT Madras alumni are third.
College | Total Funding |
|---|---|
IIT Bombay | $396M |
IIT Delhi | $180M |
IIT Madras | $138M |
IIM Ahmedabad | $128M |
IIT Kharagpur | $121M |
IIT Kanpur | $103M |
BITS Pilani | $88.8M |
Harvard University | $67.9M |
Cornell University | $66.4M |
Harvard Business School | $66.4M |
Top News in In Store Retail Tech in India
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Shiprocket Partners with Fynd to Transform Last-Mile Delivery for D2C BrandsBusiness News This Week•Jun 13, 2025•Shiprocket, Fynd
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New Look fully onboard with TrusTrace supply chain traceability and compliance data management platformRetail Technology Innovation Hub•May 06, 2025•New Look, TrusTrace
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GlobalBees Welcomes Smarter Scaling with Increff, Achieving 25% Cost Reduction & 115% GrowthMedia Bulletins•Mar 28, 2025•GlobalBees, Increff
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TrusTrace joins Textile Exchange Trackit supply chain pilot alongside Retraced and TextileGenesisRetail Technology Innovation Hub•Feb 06, 2025•TrusTrace, Textile Exchange, TextileGenesis
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Innoviti Allocates Additional Rs. 25 Cr. of ESOPs in Preparation for its Proposed IPOGlobeNewswire•Jan 17, 2025•Innoviti
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