SPEED THRILLS, AND how. Just six months ago, the opportunity for quick commerce was estimated at $30 billion by 2030, up from $6 billion in 2024. That has now been raised to $40 billion. The catchment, which was not so long ago estimated at about 25-30 million households spending nearly ₹4,000-5,000 a month, has now been expanded to about twice that number with the spend doubling. Even tier-2 cities now can get the service, albeit for a smaller assortment.
Getting everything delivered at one's doorstep at lightning speed is so compelling that even e-commerce leaders like Flipkart, which took their time foraying into the space, have now done so. Apprehensive that q-comm players like Zepto and Blinkit will eat into their shares, fashion platforms like Myntra and Nykaa have also joined the fray.
There's pressure now on the entire ecosystem to shorten delivery timelines, not just for food but for other products too. Should Amazon India, which is reportedly looking to launch a q-comm service, Amazon Tez, resort to heavy discounting and promotions, it would prompt others to follow. But, given how venture capital continues to back q-comm, the competitive intensity is expected to stay elevated. Zepto, for instance, was able to get $1.3 billion from investors in no time at all.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Zee Q3 profit jumps 180%; revenue falls
ZEE ENTERTAINMENT reported a 179.7% year-on-year rise in its consolidated net profit at ₹163.6 crore for the third quarter of the financial year 2024-25 (Q3FY25).
Meta's revised paid ad-free service may breach EU privacy regulations
META PLATFORMS' REVISED no-ads subscription service may still breach EU consumer and privacy laws in addition to antitrust rules, the European Consumer Organisation (BEUC) said on Thursday as it urged regulators to act against the U.S. tech giant.
Grade A warehousing mkt to hit 700 mn sq ft
THE LOGISTICS AND industrial real estate sector saw major growth, with Grade A warehousing in eight cities increasing from 88 million sq. ft in 2019 to 238 million sq ft in 2024 (22% CAGR).
CCPA Notices to Ola, Uber Over Price Disparity Complaints
The Consumer Protection Authority (CCPA) has issued notices to tech giant Apple and cab aggregators Ola and Uber following consumer complaints about software performance and pricing disparities, Consumer Affairs Minister Pralhad Joshi said on Thursday.
Call Grows for Action on AI, Reforms
LEADERS FROM VARIOUS countries called for action on artificial intelligence and reforms at the WEF meeting.
UltraTech Cement Q3 profit at ₹1,473.51 cr; stock surges 7%
ADITYA BIRLA GROUP firm UltraTech Cement on Thursday reported a consolidated net profit of ₹1,473.51 crore for the third quarter ended December 31, 2024.
West Asia and North Africa Top Market for Engineering Exports
WEST ASIA AND North Africa (WANA) emerged as the biggest buyer of engineering products from India for the first time ever in December, pushing North America to the second slot, the commerce ministry data showed.
In Dalit colonies, AAP schemes outrank Constitution issues
THE OPEN DRAIN outside the chaupal at Nai Basti, a Dalit-dominated colony in South Delhi's Deoli, is overflowing.
Musk, Altman spar over $100-bn AI venture hyped by Prez Trump
TESLA CEO QUESTIONS FUNDING NEED, WHILE OPENAI BOSS DEFENDS PROJECT
Infra.Market Raises $126 Million
CONSTRUCTION MATERIALS SOLUTIONS firm Infra.Market has successfully raised approximately $120 million (₹1,050 crore) in its pre-IPO funding round, according to sources aware of the matter.
