India Retail Advisory — For Indian & Global Brands

Ground reality.
Informed decisions.
Before capital is deployed.

We provide ground reality with data — helping Indian and global brands, founders and investors make informed decisions before deploying capital into Indian retail. One conversation with us can save significant capital, time and risk.

17 Years in Indian Retail
6+ Formats Operated
₹850B India Retail Market

Why India.
Why Now.

India is no longer an emerging market to watch — it is an active growth frontier that demands immediate strategic attention.

With 1.4 billion consumers, a rapidly expanding middle class, and one of the youngest population profiles globally, the retail opportunity is both real and time-sensitive.

But India is not one market. It is many — metro and tier-2, premium and value, online and offline, all operating simultaneously. The Indian and global brands that win are those who understand the ground reality before committing capital.

Many brands have entered India with confidence and exited with losses — not because the opportunity was wrong, but because their decisions were based on reports rather than reality. That is the gap Setu Advisory fills.

$850B Current Indian retail market size
$2T Projected size by 2032
500M Middle class consumers by 2030
#3 World's largest retail market by 2030
Who We Serve

Indian & Global Brands.
One clear expertise.

Whether you are a global brand from the US, UK, Europe, Middle East or Asia evaluating India entry, an Indian D2C founder going physical, or an investor assessing a retail opportunity — talk to us before you deploy capital.

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Global Brands

Brands from the US, UK, Europe, Middle East, Asia and beyond evaluating India. We give you the ground reality that no market report can — before you sign a lease, appoint a franchise partner, or deploy capital into Indian retail.

  • India market entry feasibility
  • Format and city strategy
  • Franchise partner evaluation
  • Unit economics modelling
  • Risk identification before commitment
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D2C Founders

Indian consumer brands transitioning from online to physical retail. We advise at every decision point — so your expansion capital is deployed on informed decisions, not assumptions.

  • Physical retail readiness assessment
  • Location and format strategy
  • Franchise model design and evaluation
  • Expansion advisory retainer
  • Capital protection at every stage
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Investors & PE Firms

Financial models tell you what a business looks like on paper. We tell you what it looks like on the ground — before the cheque is written. Operational DD that goes beyond the numbers.

  • Operational due diligence on retail investments
  • Ground-level brand and store assessment
  • Management capability evaluation
  • Unit economics validation
  • India retail sector briefings

Three Advisory Products.
One Clear Purpose.

Setu Advisory is a pure advisory practice. We give you ground reality, framework and decision support — so every major retail decision is made with operational intelligence rather than assumptions. We advise. You execute.

01

India Retail Entry Assessment

₹3 – 5 Lakhs | 4 Weeks | Remote

For Indian and global brands evaluating India. A structured 4-week engagement that gives you ground reality on the Indian retail opportunity for your specific brand — before you commit capital.

  • Market sizing and consumer demand assessment for your category
  • Right format recommendation — EBO, MBO, franchise, shop-in-shop
  • City and location strategy — which markets to enter first and why
  • Unit economics modelling — what a viable India store looks like financially
  • Franchise partner profile — what to look for, what to avoid
  • Top 5 risks that typically derail international brands in India
  • Written strategic roadmap delivered at end of engagement
Start a conversation →
02

Retail Expansion Advisory Retainer

₹75K – 1.5L / Month | 3–6 Month Minimum

For Indian D2C brands going physical. Monthly advisory retainer that puts 17 years of retail operations experience on your side at every decision point — so expansion capital is never wasted on assumptions.

  • Location shortlist review — go / no-go on proposed sites
  • Franchise agreement review — flag risks before you sign
  • Franchise partner evaluation — structured assessment framework
  • Lease terms review — CAM charges, revenue share, lock-in analysis
  • Operations setup guidance — what to build before store 1 opens
  • Monthly advisory sessions — ground truth at every stage
  • Capital protection at each decision checkpoint
Start a conversation →
03

Operational Due Diligence

₹1.5L – 8L | 10–25 Working Days

For PE firms and investors evaluating Indian retail investments. Ground-level operational intelligence that goes beyond financial models — so your capital decision is informed, not assumed.

  • Financial document review — P&L, GST returns, working capital
  • Franchise agreement analysis — compliance, risk, renewal exposure
  • Store-level unit economics validation — actual vs model
  • Management capability assessment
  • Sample or full store visits (Tier 2 and 3 engagements)
  • Debt and collateral assessment where applicable
  • Written DD report with investment risk rating and key findings
Start a conversation →
04

Retail & Franchise Brand Audits

₹25,000 – ₹1,50,000 | Per Store or Retainer

Independent ground-level assessment of brand standards compliance across retail and franchise networks — before standards slippage becomes a brand problem. Covers all retail formats — apparel, F&B, beauty, wellness, electronics and beyond.

  • Customer area cleanliness and presentation standards
  • Staff uniform, grooming and customer interaction assessment
  • Brand compliance — signage, visual merchandising, POS materials
  • Operational standards — storage, equipment, delivery assets
  • Competitive benchmarking against nearest comparable brand
  • Written audit report with findings and priority recommendations
  • Available as single store, multi-store or ongoing retainer
Start a conversation →

Setu Advisory is a pure advisory practice. We give you ground reality and decision support — not project management or execution. One conversation before your next India retail decision can save significant capital, time and risk.

Amit Motwani — Founder, Setu Advisory

Amit Motwani

Founder & Principal Consultant

17 years.
Every format.
Ground truth.

I have spent 15 years at the intersection of finance, physical retail and e-commerce — and I have learned more from what went wrong than what went right.

My career began in financial analytics — Impetus Technologies, HCL Technologies, and Deutsche Bank's operations in India. I understood numbers, processes, and global financial structures well. But in 2009, I made a deliberate choice to step away from corporate life and build something of my own.

Over the next decade and a half, I built Feather Touch — a multi-store retail operation in Bengaluru — from a single outlet to six stores and a restaurant. I operated exclusive brand outlets of Jockey and Zivame, managing full P&L, vendor relationships, inventory, teams, and customer experience across every growth phase of Indian retail.

Between 2012 and 2017, I also built and operated a full e-commerce portal for innerwear and loungewear — running it for five years before making a deliberate decision to exit when the unit economics no longer justified continued capital deployment.

Not everything worked. A store and restaurant failed in 2018. COVID forced further consolidation. But the Jockey EBO survived, recovered losses, and taught me what disciplined, brand-aligned retail actually looks like.

That lived experience — of building, failing, restructuring, and recovering — is precisely what most market entry reports cannot give you. We provide ground reality with data, so your capital decisions are informed — not assumed.

MBA Finance Ex-Deutsche Bank 17 Years Retail Jockey EBO Operator Zivame EBO Operator E-commerce Bengaluru Based Global Clients
Insights

Perspectives on
Indian Retail

Ground reality with data — applied to real companies and real market situations. Read our analysis before you make your next India retail decision.

Before You Commit Capital to Indian Retail — Read This

A ground-level overview of how Indian retail has evolved — from unorganised kiranas to hyperlocal 10-minute delivery — and what it means for brands entering today.

Amazon India — 13 Years, Billions Invested, and Still Confused About Its Own Storefront

An honest analysis of why even the world's most customer-obsessed company struggles to find clarity in the Indian market — and what every brand can learn from it.

Aditya Birla Group in Retail — More of a Follower Than Leader

An honest assessment of how one of India's most capitalised conglomerates has consistently followed market trends rather than setting them — and what it means for Indian retail leadership.

Under Armour India — The Brand That Had The World's Best Store, Then Went Quiet

Seven years. 49 stores. The brand that generated the world's highest sales per square foot in its first Indian store — and what happened next.

Domino's India — When Scale Becomes the Enemy of Standards

2,455 stores. 3 Bengaluru visits. One consistent story. What happens when the race to scale comes at a cost that does not appear on the P&L.

Two Supermarkets. 400 Metres Apart. One Closed. One Survived. Here Is Why.

Two neighbourhood stores. Same location. Same customer. One is gone. A ground-level account of what separates a store that survives from one that does not.

An Order Where I Chose Blinkit Over Swiggy Instamart and Zepto — & Why Small Details Matter in Retail

One small purchase across three apps. The order was won not on price or speed, but on two tiny details that cost the platform nothing to get right.

Two Global Innerwear Brands Came to India. Why Neither Built What It Set Out To.

Hanes and Fruit of the Loom came with good products and fair prices, and India welcomed them. Yet neither built its franchise. Three ground-level reasons why.

ONDC May Never Have Its "UPI Moment" — And We Should Be Honest About Why

ONDC was pitched as the UPI of commerce, protecting the small retailer. A ground-level look at why the consumer moment hasn't come — and may never arrive the way payments did.

Next Article In Progress

More ground-level retail analysis — published fortnightly.

Talk to us before
you deploy capital.

One conversation with Setu Advisory before your next India retail decision can save significant capital, time and risk. Ground reality with data — that is what we offer.

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Phone / WhatsApp +91 98802 03121
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Location

Bengaluru, India · Serving Indian & Global Brands Worldwide

Thank you. We will be in touch within 24 hours.