New Delhi4 minutes ago
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According to a report, 70% of the total business of Quick Commerce comes from grocery only.
India has become the world’s third largest quick commerce (qcom) market after China and America. In 2024, there will be a business of 5.6 billion dollars (about ₹ 50 thousand crores) and by 2030 it can double to 11 billion dollars (about ₹ 1 lakh crores).
The special thing is that India is growing fastest among the top-3 countries. India’s QCom growth rate between 2025-2030 will be 15.5%, US will grow at 6.72% and China will grow at 7.9%.
37% of global funding goes to India alone
Last year i.e. in 2024, quick commerce companies around the world received a total funding of 2.8 billion dollars (about ₹ 25 thousand crores), out of which 37% i.e. one third was received by Indian companies.
Companies like Jepte, Blinkit, Swiggy Instamart remain the first choice of investors. From 2021 till now, investment of more than 5 billion dollars (about ₹ 45,000 crore) has come in this sector.
Quick commerce means goods delivered to your home in 30 minutes.
Quick Commerce (Q-Commerce) means delivering goods to your home within 10 to 30 minutes. In normal e-commerce like Amazon and Flipkart, it takes 1-2 days or more after ordering, but in Quick Commerce, delivery is very fast.
How does it work?
- Small warehouses are built in the city, which are called dark stores.
- Everyday items (grocery, milk, bread, snacks, medicines, mobile charger, cosmetics etc.) are kept in these.
- As soon as you place an order on the app, the goods are packed from the nearest dark store.
- Then the delivery boy (rider) delivers it to your home in 10 to 30 minutes.
Currently 14 crore customers, by 2030 there will be 23 crore
In 2024, 14 crore people were using Quick Commerce, by 2030 this number will increase to 233 million. According to RedSeer report, 70% of GMV (gross sales) comes from grocery, but now fashion, electronics and beauty products are also expanding rapidly.
Blinkit CEO Satish N said,
Urban Millennials and Gen-Z want instant goods. We are giving priority not only to grocery but also to convenience.
Zomato founder Deepinder Goyal’s estimate
Today, quick commerce is a $5-6 billion market, growing at 40-50% every year. If it reaches Tier-2 cities properly, it can go up to $50 billion by 2030.
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Read this news also…
The game of quick-commerce; Goods worth ₹ 57 are coming for ₹ 200: Quick delivery companies like Zepto-Blinkit are charging in the name of rain and small orders.
Quick commerce companies are quietly putting additional burden on customers. For this, apart from delivery, handling charges, membership fees, rain fees, processing fees, platform fees and surge charges during peak hours are also being collected. This is all separate from standard delivery and platform charges.
When IT professional Suresh ordered snacks worth Rs 57 from Zepto, the bill reached Rs 200. This included Rs 13 handling charge, Rs 35 smart cart fee, Rs 75 delivery charge and Rs 1 membership fee. GST increased the price further.
Click here to read the full news…
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