September 5, 2024

Blinkit, Swiggy and Zepto: Who’s at the top?

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. 

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