India's Quick Commerce Made Two-Thirds of E-Retail Orders

India's quick commerce sector has made significant strides, accounting for over two-thirds of all e-retail orders in the past year. According to a report by consultancy firm Bain and e-commerce giant Flipkart, the market share of this sector has surged approximately fivefold, reaching a valuation of $6-7 billion in 2024. This rapid growth underscores the increasing consumer demand for fast delivery services, particularly in the grocery and electronics segments.

Dominated by platforms such as Blinkit, owned by Zomato, the quick commerce industry has also captured about 10% of the total e-retail spending in India. These platforms are designed to deliver a wide range of products, from groceries to electronics, within minutes, catering to the growing preference for convenience among consumers.

The report projects that the quick commerce market will continue to expand at an impressive rate, with an expected annual growth of over 40% until 2030. This growth is anticipated to be driven by the introduction of new product categories, expansion into untapped geographical areas, and the targeting of diverse consumer segments. As urbanization increases and lifestyles become more fast-paced, the demand for quick commerce solutions is likely to rise, positioning this sector as a key player in the future of Indian e-retail.

Overall, the quick commerce sector is set to redefine the shopping experience in India, making it an exciting area for investment and innovation in the coming years.