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'QUICK COMMERCE' POISED TO DRIVE INDIA'S GROSS ORDER VALUE TO USD 10 BN BY FY26
The Business Guardian
|September 04, 2024
Quick commerce is rapidly transforming India's retail market, poised to reach USD 10 billion in gross order value by FY26, according to a CLSA report.
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In a move that promises to redefine the Indian retail landscape, quick commerce companies are expected to drive their gross order value to USD 10 billion by FY26, according to a CLSA report. This sector, marked by ultrafast delivery and efficient last-mile operations, is rapidly disrupting the traditional food and grocery market in India, which is dominated by local small vendors controlling over 95 per cent of the USD 600 billion market. The growth trajectory of quick commerce is underscored by key players such as Zomato's Blinkit, Zepto, and Swiggy Instamart, which are set to reach USD 10 billion in gross order value by FY26. CLSA stated, "We expect Zomato's Blinkit, Zepto and Swiggy Instamart - the top three players to reach USD 10 billion in gross order value by FY26 and surpass USD 78bn within a decade. Zomato's Blinkit, Zepto and Swiggy Instamart are the top-three players and hold more than 90 per cent of market share by revenue, with smaller contributions from B
Dit verhaal komt uit de September 04, 2024-editie van The Business Guardian.
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