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Indian Quick Commerce Industry to Reach $50 Billion in GOV by FY30
The Statesman Bhubaneswar
|January 08, 2025
The Indian quick commerce industry is estimated to reach $50 billion in gross order value (GOV) by FY30, which implies 60 million customers ordering eight times per month, according to an HSBC Research report on Tuesday.
This is a significant share of the total addressable market (TAM) captured in five years. While not an impossible target, it will not be easy to achieve, said the report.
"We continue to believe in the potential of quick commerce in India. But Street expectations look no more undemanding. We think the TAM (total addressable market) is much smaller for this industry than broadly understood," it added.
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The Statesman Bhubaneswar
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