Quick commerce boom: Industry giants race to claim their slice of the pie

Quick Summary:

The Gross Merchandise Value (GMV) in quick commerce rose from $0.5 billion in FY22 to $3.3 billion in FY24, demonstrating its rapid ascent in comparison to traditional e-commerce.

Major brands like Adidas and Decathlon are also entering this space, eager to capitalise on the growing consumer demand for quick commerce solutions.

Zepto: Quick commerce startup Zepto has gained attention for its rapid delivery model and is currently in advanced talks to raise $100 million in funding.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Quick delivery Market size quick commerce Swiggy Instamart E-commerce India Grocery delivery India Tata Neu Flash Quick commerce growth Talent poaching quick commerce Reliance quick commerce Indian retail market Fast delivery service Consumer trends India Quick commerce Flipkart Minutes Big players quick commerce India India quick commerce market Amazon quick commerce India Zepto funding Rapid delivery Online shopping trends India** Ola dark stores

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 14:13:57 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 785 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23336425

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 231 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #49

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