2024’s Most Notable Retail Startups Announced by Retailers Association of India (RAI)

2024’s Most Notable Retail Startups Announced by Retailers Association of India (RAI)

Mumbai, March 4th, 2024: In a grand ceremony during the Retail Leadership Summit 2024, the Retailers Association of India (RAI) unveiled the winners of the esteemed ‘Retail Startup Awards.’ This marks the seventh annual celebration of this event, aimed at spotlighting the most groundbreaking retail startups poised for significant impact in 2024. The awards instituted by RAI, are designed to honor entrepreneurial innovation within the retail sector.

The ‘Retail Startup Awards’ by RAI serve as a testament to the entrepreneurial spirit, acknowledging those who have transformed their visions and ideas into tangible, successful businesses. These awards shine a light on the unique contributions startups are making to the retail industry, bridging market gaps while enhancing customer experience through convenience and innovation.

“Through the awards, we’ve observed a vibrant variety of startups from every corner of India, showcasing the vast opportunities the retail sector has to offer to entrepreneurs across the country. It’s inspiring to see such innovative solutions coming forward, truly enriching the retail landscape. The winners of this year’s awards have demonstrated exceptional value to the industry, and we’re excited to celebrate their achievements,” commented Dr. Hitesh Bhatt, Director of Marketing and Communication at the Retailers Association of India (RAI).

The Retail Leadership Summit 2024 provided the perfect backdrop for the awards, underscoring RAI’s commitment to fostering innovation and entrepreneurship within India’s retail industry.

The entries were evaluated by the over-set criteria and a final shortlist of 10 innovative retail startups was presented to the grand jury comprising of Amit Sarda, Managing Director, Soulflower, and Arun Ganapathy, CFO, House of Anita Dongre.

The three retail startups that have emerged as the winners of the RAI Retail Startup Awards 2024:

Winners: GoPizza India

1st Runner Up: Nandus Foods Pvt Ltd

2nd Runner-Up: The Yellow Dwelling

The final shortlisted retail startups besides the winners were: Kelo Consumer Brands, Off & On, Tris Online Shopping, and Unihawk Ventures.