India's quick commerce sector made two-thirds of all 2024 e-grocery orders, report says

Quick Summary:

India's quick commerce sector accounted for over two-thirds of all e-grocery orders last year, with its total market share growing about five times to $6-7 billion from 2022, a report by consultancy firm Bain and e-commerce giant Flipkart showed.

However, some industry experts expect this boom to be short lived.

TVS Capital Funds Chairman Gopal Srinivasan told Reuters in an interview that the quick-commerce frenzy is a "passing fad" and unsustainable in the long run.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndia

Topics: According Market Logo Commerce Report Platforms Quick Flipkart Blinkit Sector Last

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 14:15:34 (5 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 377 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 27364712

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