Summary :

Indians spent ₹64,000 crore (US$ 7.47 billion) on quick-commerce platforms like Blinkit and Instamart in FY25, more than double FY24’s ₹30,000 crore (US$ 3.5 billion), says Careedge Ratings. The market is expected to grow over threefold to ₹2,00,000 crore (US$ 23.34 billion) by FY28. Platform revenues rose to ₹10,500 crore (US$ 1.23 billion) in FY25 from ₹450 crore (US$ 52 million) in FY22, driven by higher fees and a take rate increase to 18% from 7–9%. Players are shifting focus from rapid growth to profitability via ads, subscriptions, private labels, and tech-based inventory optimisation. Growth is also driven by expansion into tier-II and III cities and tech innovations. Though quick commerce serves only 1% of India’s grocery market, rising incomes, smartphone use, and 270 million online shoppers in 2024 show high growth potential. Dark stores grew 70% to 3,072 in FY25, with average store revenue up 25%. With e-commerce growing 23.8% in 2024 and 1.12 billion mobile users in early 2025, quick commerce is becoming a key retail growth driver.

Source: IBEF

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