QUICK COMMERCE IS BOOMING IN INDIA

Quick commerce is booming in India, with 10-minute deliveries becoming the new norm in metro cities. Platforms like Blinkit, Flipkart, Instamart and Zepto are not just consumer favourites, but also for investors. In fact investors are pouring big money into the space at high valuations. However even after reporting losses, these platforms are gaining significant market share. Despite losing money, quick commerce businesses have witnessed a surge in revenues as more consumer prefer rapid deliveries across India. With initial estimates of the quick commerce market size to reach $42 billion by the year 2030, projections have now been revised to touch $57 billion by 2030. Companies that stand to benefit from this sector are