350 funding transactions. 90 companies. One consolidated view of what’s really driving performance in India’s D2C sector.
India’s direct-to-consumer market keeps attracting early-stage capital — but funding stage alone no longer tells the full story. Our latest consolidated sector report brings together 16 months of data across 12 sub-verticals to look at what’s actually separating durable, profitable brands from those still chasing scale.
Inside, we look at why the Series A-to-B transition has become the sector’s structural chokepoint, why some of Beauty & Personal Care’s most heavily funded names show losses widening alongside revenue, and which smaller, younger companies are managing to combine growth with real capital efficiency.
For anyone building, investing in, or tracking India’s consumer economy, it’s a worthwhile read.
