Mumbai, July 10 (IANS). The Gross Order Value of the Indian Quick Commerce (Q-Commerce) market is leading towards rapid growth, which will increase almost three times from the estimated Rs 64,000 crore of FY 2025 to about Rs 2 lakh crore by FY 2028. This information was given in a report released on Thursday.
According to the report of the Carey Advisory, a subsidiary of CARAIGE Ratings, India’s Quick-Commerce Market is estimated to reach about Rs 64,000 crore in FY 2025, which is growing from 142 percent of CAGR of 142 percent during FY 2022-2025. This growth is due to consumer preferences, hyperlocal infrastructure and low basis.
Tanvi Shah, senior director and head of Carey Advisory and Research, said, “Although the growth rate remains strong, now focusing on the revival of profitability and operational efficiency is being focused on rapidly expanding. Later, in Tier 2 and 3 cities, Deep Pentings and Tech-Lead Innovation will be defeated by the next phase of India.
The revenue of the generated Quick Commerce Market through fee has increased much faster than government revenue.
The fee-based revenue, which was Rs 450 crore in FY 2022, has reached an estimated Rs 10,500 crore in FY 25 and is estimated to reach Rs 34,500 crore by FY 2028, which shows a CAGR increase of 26-27 percent from FY 2025 to FY 2028.
The report stated that this rapid growth has been due to an increase in platform fee by major players, resulting in an increase in revenue receipt and overall government revenue has increased.
The Q-commerce industry is still about 1 percent of the huge grocery market of India, but this makes it exciting.
Aamir Sheikh, Assistant Director, Carey Advisory and Research, said, “As more consumers are adopting its speed and convenience, the Q-commerce is going to grow rapidly, even if the growth of the wider grocery market remains stable.”
This digital Aadhaar has helped in adopting e-commerce and Q-commerce platforms faster. In 2024, India had more than 27 million online buyers, making it the second largest e-retail user base in the world.
The e-commerce market is expected to grow 23.8 percent on an annual basis in 2024 and is expected to maintain a CAGR of 21.5 percent by 2030.
The bounce in Q-commerce in India is seen due to increasing digital adoption and increasing ability to spend consumers.
By the beginning of 2025, more than 1.12 billion mobile connections and 80.6 crore internet users have been recorded in the country, which shows an increase of 6.5 percent on an annual basis. It is estimated that by the end of the year this number will be more than 90 crores.
-IANS
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