Akshata Sharma
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A Deloitte report estimates Indian quick commerce to be a massive $40 Bn market by 2030. That said, let's take a closer look at some dominant grocery delivery models in India
India's quick commerce landscape in 2024:
* The rapid growth seen in the quick commerce business has compelled #Zomato to double down on #Blinkit. It is looking to nearly double its store count by the end of FY25.
* Mukesh Ambani-led RIL is close to launching its own quick commerce operations through JioMart - looking to deliver groceries in select cities in under 30 minutes and is likely to ramp up operations by next year.
* Reliance reportedly plans to take it to around 1,000 cities in future, and JioMart will tap into Reliance Retail's network of over 18,000 stores across the country.
* That kind of scale would allow JioMart to potentially catapult the existing group of quick commerce apps Blinkit, Swiggy's Instamart and Zepto - and also end the nascent ambitions of Tata-owned BigBasket and Flipkart before they take off.
* Flipkart is fresh with funds from Google and majority stakeholder Walmart and is also likely to make a major push for grocery delivery, where Blinkit, Zepto and Swiggy have created well-oiled playbooks.
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