Top 10 Retail Technology Companies for 2023 that’ll be Disruptive

Retail Technology

Retail technology companies in India are assisting customers and propelling the sector forward

There are numerous retail channels, such as in-store retail technology, E-commerce enablement, supply chain technology for mid- and last-mile fulfillment, shopper loyalty, a variety of rewards technology, and a new format of retail enablement. Let’s take a closer look at some retail technology companies in India that are assisting customers and propelling the sector forward. The best retail tech companies in India for 2023 are listed below.

1. Faire

Faire is the only company that specializes in assisting merchants in locating and purchasing the most fantastic wholesale goods for various outlets. This company was founded in 2017 by the best team members available. Their company has between 250 and 500 employees. With nine investment rounds, the company’s total funding value has been excellent. The 16 investors have been critical to the company’s growth. Faire, an entirely free and AI-powered site, may help several retailers find new products for their stores.

2. Grabango

Grabango has been developing self-checkout technology for convenience stores and large-scale grocers since its inception in 1016. A business offers a free service that is made possible by a variety of groceries. Customers can use the Grabango app to scan the code to bypass the checkout line and leave the establishment. One of the most admirable aspects of the company is its quickness. It takes almost a tenth of the time of the fast checkout. Users can quickly and cheaply download the app from both smartphones.

3. CleverCards

Payment technology has enabled organizations and the government to send the best digital master cards to anyone instantly via SMS or email. Simply put, it enables instant payments to anyone and anywhere. It is regarded as the global payment platform that has enabled numerous businesses and government agencies to operate. You simply buy from other brands online or in stores. To express gratitude to their employees or customers, the company has begun providing corporate clients with digital pre-paid Mastercards.

4. Slackline

Slackline is well-known for offering the most important e-commerce operations, tools, data, and services. In addition, it provides retail intelligence. This retail technology startup was founded by a group of seasoned experts from the most well-known e-commerce sector.

As a result, there is only one platform for all of the tools you need to grow your business. The technology of Slackline activates data, automates execution, and even improves the e-commerce platform.

5. Trove

Trove, a retail technology company, has been developing white-label technology and end-to-end operations to support the most circular purchasing for the most upscale and opulent businesses. As a result, they have the greatest amount of embedded content.

Every time you visit the site, they collect a massive amount of anonymous analytical data and share it with other retailers. The company does not share any of its customer information with third parties.

6. GrubMarket

GrubMarket provides quick delivery and the highest quality fresh foods at a low cost. It was founded in 2014 and is described as a company that digitally transforms the American food supply chain industry. Finding a wholesaler is simple; you can get low-cost access to high-end, one-of-a-kind products. Then, buy the company’s software and research the most cutting-edge inventory, warehouse, and eCommerce solutions. Farm-fresh goods can be delivered to your home for over 50% less than grocery store prices.

7. AiFi

The company is well-known as a software development firm that works with a variety of businesses to specialize their retail automation systems processes and provide the best customer service possible. It’s as if a new world of possibilities has opened up with their AI-powered retail solutions. Furthermore, it requires businesses to create their own self-contained, checkout-free retail environment at any location across the country, with the most adaptable company.

8. Trax

This company specializes in retail technology and offers in-store execution solutions as well as market analysis services. Use their impressive number of surveys to get the most useful feedback. It is the most straightforward method for gathering information and input about your company. You would have to spend a lot of time and money to get feedback from this firm. However, as soon as you begin working for the company, you begin using the lovely, exciting surveys to collect feedback.

9. Happy Returns

It is known as a return solution because it employs reverse logistics and returns software to generate appealing returns for customers, retailers, and the environment. Customers who returned completely label-free to our nationwide network of 3,800 return bars gave us a 93 NPS, earning us praise from tens of thousands of satisfied customers. By switching from cardboard to reusable totes for every million returns handled by Happy Returns, greenhouse gas emissions are reduced by 120 lbs.


It uses the most advanced ultrasonic data technology technique to provide the most secure, safe, and seamless data transmission. It is widely regarded as the most significant advancement in retail technology. Contactless authentication and data-over-sound capabilities enable proximity verification and contactless transactions for businesses and several financial services providers across the country. It is versatile enough to support full-duplex and multichannel features, as well as encryption, cryptography, and critical exchange.

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