Q-commerce corners two-thirds of grocery orders in 2024: Report

More than two-thirds of all e-grocery orders and one-tenth of e-retail spends happened on quick commerce platforms in 2024, underlining how QCom - with its promise of under 30-minute delivery - is "revolutionising" the way consumers buy in India, according to a report by Flipkart and Bain and Company.

- Press Trust of India

NEW DELHI:

Q-commerce is slated to grow at over 40% annually through 2030, fueled by expansion across categories, geographies, and customer segments, it said.

"The dramatic rise of quick commerce (delivery in less than 30 minutes) has been one of the most defining hallmarks of India's e-retail market over the last two years," the report said.

In 2024, more than two-thirds of all e-grocery orders and one-tenth of e-retail spend happened on q-commerce platforms.

"Q-commerce is revolutionising how consumers buy in India, with over two-thirds of all e-grocery orders and a tenth of overall e-retail dollars spent on these platforms," it said.