Quick commerce orders rise to Rs. 64,000 crore (US$ 7.47 billion) in FY25, reaching Rs. 2,00,000 crore (US$ 23.34 billion) by fiscal year 2028

Indians purchased items valued at Rs. 64,000 crore (US$ 7.47 billion) from rapid-commerce platforms such as Blinkit and Instamart in FY25, over twice the Rs. 30,000 crore (US$ 3.50 billion) noted in FY24, as stated in a report by Careedge Ratings. The gross order value (GOV) is projected to increase over three times, reaching Rs. 2,00,000 crore (US$ 23.34 billion) by the financial year 2028. Platforms generated revenue of Rs. 10,500 crore (US$ 1.23 billion) in revenue from fees in FY25, a notable increase from Rs. In FY22, 450 crore (US$ 52 million) was generated, propelled by higher platform fees and an increasing 'take rate', which rose to 18% in FY25 from 7–9% in FY22. Careedge Advisory observed that quick commerce companies are changing their emphasis from rapid growth to achieving profitability by utilizing advertising, subscription services, private labels, and technology-driven inventory management. Growth in tier-II and tier-III cities, alongside technological innovation, is anticipated to shape the upcoming phase of sector expansion. Although just 1% of India’s grocery needs are met by quick commerce at present, increasing disposable incomes, swift smartphone uptake, and more than 270 million online shoppers by 2024 suggest significant growth opportunities. The industry depends significantly on dark stores or micro-warehouses, which increased by more than 70% to 3,072 in FY25. Average income per store rose by 25% over the same timeframe. India’s e-commerce sector is projected to grow by 23.8% in 2024, and with a large mobile user population of 1.12 billion by early 2025, quick commerce is set to play a crucial role in transforming retail in India.