May 2026
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Largest Consumer Marketplaces Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Meesho, Swiggy, MakeMyTrip, Urban Company and CarTrade Tech.
 | Meesho Ltd is a technology platform that integrates commerce, logistics, and content creation to support e-commerce activities under the Meesho brand. The Company also provides digital financial services by facilitating financing arrangements between non-banking financial companies and sellers to support access to credit, and it operates a supply-chain service for the delivery of groceries and other products. The Company operates through the Marketplace segment, which is a technology platform connecting consumers, sellers, logistics partners, and content creators, and the New Initiatives segment, which includes a low-cost local logistics network for daily essentials and a digital financial services platform. The majority of the Company's revenue is generated from the Marketplace segment. | $2 | -- | $9B | $8B | 6.0x | (66.2x) | ||
| Swiggy Ltd is a consumer-first technology company offering users an easy to use convenience platform, accessible through a unified app to browse, select, order and pay for food (Food Delivery), grocery and household items (Instamart), and have their orders delivered to their doorstep through on-demand delivery partner network. Its platform can be used to make restaurant reservations (Dineout) and for events bookings (SteppinOut). It has five business segments: Food Delivery, Out of home consumption, Quick commerce. Supply chain and distribution and Platform Innovations. Key revenue is generated from Food delivery business that offer on demand Food Delivery services through a network of restaurant partners and delivery partners, which is available through mobile application and or website. | $3 | -39% | $7B | $6B | 2.4x | (20.9x) | ||
| MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day-to-day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet-based platforms, call-centers, and branch offices, which provide holiday packages and hotel reservations. Its Air ticketing segment includes internet-based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries. | $47 | -52% | $4B | $5B | 5.2x | 31.8x | ||
| Urban Co Ltd operates a technology-driven, full-stack online services marketplace for quality-driven services and solutions across various home and beauty categories. Its platform enables consumers to easily order services, including cleaning, pest control, electrician, plumbing, carpentry, appliance servicing and repair, on-demand home-help assistance, painting, skincare, hair grooming and massage therapy. These services are delivered by trained and independent service professionals at the consumers’ convenience. The company operates its business under three business segments, which are India consumer services, Native, and International business. | $1 | -- | $2B | $2B | 10.3x | (136.7x) | ||
| CarTrade Tech Ltd is a multi-channel auto platform provider company. The company operates brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. The platform connects new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses to buy and sell different types of vehicles. The company operates within three segments: the Consumer Group, Remarketing Group, and Classifieds Group. | $19 | +2% | $900M | $805M | 9.7x | 22.6x | ||
| Easy Trip Planners Ltd operates as an online travel agency in India. It offers a range of travel products and services and end-to-end travel solutions including airline tickets, rail tickets, bus tickets, taxis, holiday packages, hotels, and other value-added services such as travel insurance. Easy Trip offers a range of online traveling services through its website and Ease My Trip android and iOS mobile app. Its reportable segments are; Air Ticketing: Hotels Packages: and Others. The maximum revenue for the company is generated from its Air Passage segment which provides the facility to book and service international and domestic air tickets to the ultimate consumer through B2C (Business To Consumer) and B2B2C (Business to Business to Consumer) channels. | $0 | -36% | $265M | $249M | 4.4x | (79.6x) | ||
| Yatra Online Ltd runs a common technology platform that serves its customers through multiple mobile applications as well as on their own company's website. The company also provides other services including domestic and international air ticketing on nearly all Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings, and ancillary services within India. | $1 | +10% | $160M | $146M | 1.4x | 13.6x | ||
| Median | $2 | -36% | $2B | $2B | 5.2x | (20.9x) |
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