Quick commerce is rapidly transforming the online grocery market, now accounting for 70 per cent -75 per cent of total e-grocery orders, according to a recent report by Bain & Company.
Despite the aggressive expansion of quick commerce businesses in India, given that people are increasingly opting to shop through the emerging online platforms, brick-and-mortar retail remains a robust channel in the tier 2 and tier 2 cities, as per a report by global consulting firm PwC.
The quick commerce sector will be a key beneficiary of the income tax cut announced in the Union Budget 2025, as it will trigger strong consumption growth among middle-class consumers, an ICICI Securities report anticipated.
New Delhi [India], March 6: Cellecor Gadgets Limited, one of India's fastest-growing consumer electronics brands, has partnered with Zepto, India's leading quick commerce platform to enable users to purchase Cellecor's range of products seamlessly through Zepto's rapid delivery network.
The influence of e-commerce and quick commerce is increasingly reshaping Indian retail, with 34 per cent of traditional retailers surveyed reporting negative impacts from online shopping.
The Quick commerce in India is set to grow at an impressive rate of 75-100 per cent year-on-year, significantly outpacing traditional retail, which is expected to grow at a much lower rate, says a report by Bernstein
Among the leading cities, Delhi-NCR, Bengaluru, and Kolkata dominated leasing activity, accounting for nearly 60 per cent of the total leasing volume. These cities have emerged as key hubs for I&L space, driven by rising demand from third-party logistics (3PL) providers, e-commerce compa
New Delhi [India], January 20: Hailing from the mineral-rich district of Keonjhar, Suvendu Saheb Sethy is making waves in the world of quick commerce and e-commerce with his innovative startup, GHINIBA. Despite facing numerous personal and financial challenges, Sethy has built a platform tha
According to the earnings data released Saturday, the retailer's consolidated net profit rose 4.9 per cent to Rs 724 crore. In the same quarter of last year, the net profit was Rs 690 crore.
India's quick commerce sector is expected to expand beyond groceries into new categories and cities in 2025 as Tier-2 and smaller cities embrace this model, says a report by Bernstein.
The retail market in India stood at Rs 76trn - 78trn in 2023 and is expected to reach to Rs 116trn-124trn by 2028. Of this, Quick Commerce's contribution is expected to increase from 0.3 per cent (Rs 224bn) in 2023 to 2-3 per cent (Rs 2320bn-4240bn) in 2028, expanding at a CAGR of 60- 80 per
Commerce Minister Piyush Goyal on Friday said that his only submission to Blinkit mbulance is that the quick commerce company has to make sure that they meet the law of the land.