Quick Commerce! A Boon or a Blessing ?
The Challenges of Sustaining as a Quick Commerce Brand in India ft. Zepto The last few years, post-COVID-19, have witnessed a significant shift in customer trends and preferences. The role of convenience in product selection has become more crucial than ever, and many brands have recognized this as a prime opportunity to assert their presence in the market. One direct result of this is the rapid growth of the quick-commerce sector. The concept of receiving essentials in the blink of an eye has taken the Indian market by storm, and rightly so. According to a survey, the Indian quick-commerce market is currently valued at $2.8 billion and is expected to grow 14-fold, reaching $40 billion by 2030. These are staggering numbers when viewed from a broader perspective, but the reality on the ground is far from simple. Many companies are generating significant revenue without achieving profitability for years, which limits the overall profitability potential of this sector. Let’s take ...