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India’s Quick Commerce Market Set to Grow 40% Annually Until 2030, Says Report
OutlookIndia
·
3m ago
Medial
A Bain and Company report forecasts a 40% annual growth in India's quick commerce market until 2030, driven by high order density, lower labor costs, and a diverse SKU range. Platforms like Blinkit, Swiggy Instamart, and Zepto are leading this growth, utilizing innovative models and dark stores for optimized deliveries. Compared to global markets, India's ecosystem benefits from lower costs, despite increasing competition and operational challenges related to SKU expansion and geographical reach.
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India's quick-commerce sector made two-thirds of all 2024 e-grocery orders, report says
VCCircle
·
3m ago
Medial
India's quick-commerce sector dominated e-grocery orders in 2024, capturing two-thirds of the market and growing to $6-7 billion, according to a Bain and Flipkart report. Key players like Blinkit helped the sector account for a tenth of overall e-retail spending. Expected to grow 40% annually until 2030, the sector faces profitability challenges and competition from larger e-commerce entities. Industry experts remain skeptical, with some predicting the current growth surge may be short-lived.
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Quick Commerce To Become $40 Bn Market By 2030: Swiggy CEO
Inc42
·
20d ago
Medial
Swiggy cofounder and CEO, Sriharsha Majety, forecasts that India's quick commerce market could grow into a $30-$40 billion industry within the next three to five years. He suggests that further consolidation in the sector is likely. Swiggy's quick commerce arm, Instamart, is targeting overall contribution margin breakeven between October and December 2025. These projections are set against the backdrop of Prosus India managing $6.5 billion in assets across more than 30 Indian companies.
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Salaries for quick commerce delivery execs higher than food delivery: report
Economic Times
·
7m ago
Medial
A new report has found that delivery executives in the quick commerce sector earn higher incomes compared to those in food delivery. The report reveals that quick commerce delivery partners earn a net income of Rs 21,402, while their food delivery counterparts earn Rs 18,595. Quick commerce delivery partners also complete 29.7% more orders per month compared to food delivery. The report suggests that the lower last mile costs and shorter delivery distances in quick commerce contribute to its higher income potential. The quick commerce market in India is projected to be worth $42-55 billion by 2030.
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Online food delivery market to grow 18% on-year to Rs 2 lakh crore by 2030: Bain-Swiggy report
Economic Times
·
1y ago
Medial
According to a report by Bain & Company and Swiggy, the online food delivery segment is predicted to grow at 18% annually over the next seven years. Market penetration is expected to increase from 12% to 20% by 2030. The report also forecasts that India's food services market will expand to Rs 9-10 lakh crore by 2030. Convenience-led formats like QSRs and cloud kitchens are projected to outpace the broader food services market in terms of growth. The report highlights higher incomes, digitisation, improved customer experiences, and an inclination for new experiences as factors contributing to this growth.
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Quick commerce to expand into new categories and cities in 2025; smaller cities embrace the model: Bernstein report
Economic Times
·
6m ago
Medial
India's quick commerce sector is projected to expand significantly in 2025, diversifying beyond groceries into new categories and cities, particularly smaller ones, as detailed in a Bernstein report. The industry is expected to grow by over 75% annually, outpacing traditional retail. Quick commerce's proximity, pricing, and selection advantages are attracting consumers, with notable growth in D2C brands. Its expansion is transforming India's retail landscape, enhancing convenience and accessibility across products and regions.
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Flipkart sets sight on quick commerce ops expansion
Economic Times
·
7m ago
Medial
Walmart-owned Flipkart is planning to expand its quick commerce operations, responding to growing demand for faster deliveries. The ecommerce giant is piloting its quick commerce service, called 'Minutes', in cities like Bengaluru, Mumbai, and Delhi NCR. Flipkart is aiming to compete with popular delivery platforms such as Blinkit, Swiggy Instamart, Zepto, and BigBasket. The quick commerce market is expected to reach $40 billion by 2030. Flipkart's chief corporate affairs officer, Rajneesh Kumar, highlighted the potential of India's ecommerce market, which currently accounts for only 7% of the total retail market in the country.
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For Boat, q-com is third-largest sales channel, says cofounder Aman Gupta
Economic Times
·
10m ago
Medial
Boat, a popular wearable and audio products brand, has identified quick commerce as its third-largest sales channel. According to Boat's co-founder Aman Gupta, certain brands find more success on quick commerce platforms than on traditional ecommerce channels like Amazon or Flipkart. Quick commerce is gaining traction in India, with new-age brands experiencing rapid growth in this space. Walmart-owned Flipkart has also recently entered the quick commerce market with its service called 'Minutes'. The quick commerce market in India is projected to grow by 35% to nearly $7 billion by 2025, offering significant growth opportunities for direct-to-consumer brands.
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India’s online commerce sector to touch $300B by 2030: Bessemer Venture Partners
YourStory
·
20d ago
Medial
India's online commerce sector is projected to grow from $30 billion in 2020 to $300 billion by 2030, backed by technology advances, demographic factors, and supportive policies, says a Bessemer Venture Partners report. The rise of quick commerce and direct-to-consumer brands has shaped changing consumer behaviors, with platforms like Zepto and Swiggy capitalizing on these trends. The report underscores India's burgeoning digital potential as a $1 trillion opportunity, driven by evolving consumption habits and platforms adapting to shorter attention spans.
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Zepto improves quick-commerce market share; Instamart loses ground: HSBC report
Economic Times
·
1y ago
Medial
According to a report from HSBC Global Research, Zepto has been steadily gaining market share in the quick-commerce industry, while Swiggy Instamart has been losing ground. Zepto's market share rose from 15% in March 2022 to 28% in January 2024, while Instamart's share fell from 52% to 32% during the same period. The market leader, Blinkit, saw its share rise from 32% to 40%. The report also highlights the potential of quick-commerce platforms to capture advertising earnings, with grocery categories offering more favorable terms compared to other ecommerce platforms.
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How Pidge Is Powering India’s Ecommerce Boom With Next-Gen Logistics Tech
Inc42
·
28d ago
Medial
Pidge is revolutionizing India's e-commerce sector with advanced logistics technology, meeting the rising consumer demand for faster deliveries. As the nation's e-commerce market is projected to grow from $123 billion in 2024 to over $400 billion by 2030, Pidge's next-gen logistics solutions address the challenges of quick commerce and time-sensitive deliveries. The company focuses on overcoming limitations of traditional logistics practices to cater to the evolving convenience-first consumer behavior.
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