India’s booming quick commerce industry was worth nearly $2.8 billion in gross order value as of March 2024.
Source: Redseer Strategy Consultants
It is expected to grow to $10 billion by FY26 and $78 billion by FY34.
Source: CLSA report
Blinkit, Swiggy and Zepto hold over 90% of the quick commerce market share in India.
Blinkit is the market leader with over 40% share as of January 2024.
Source: HSBC Global report
Swiggy’s market share dropped to 32% in January 2024 from 52% in March 2022.
Zepto’s market share has increased from 15% in March 2022 to 22% in January 2024.
Image: Instagram/Zepto
According to reports, this boom will benefit the market leader Blinkit the most.
Thanks for reading!
See next