This is BIG. Such bullishness on quick commerce.
All the naysayers who said this is ridiculous will slowly be proved wrong
But what about profits ??? What it is now is Revenue and Volume game but profits are something which will take much time.
There is a reason why everyone is moving towards quick commerce. The market is huge with immense potential. In coming years, don’t be surprised if quick commerce surpasses traditional e-commerce and food delivery business. Quick commerce will become a new norm. It’s already there among the top of the funnel, will eventually shift towards the bottom.
Rising urban incomes , people loosing attention and distracting easily ( no time for grocery planning ) , high urban density enabling setup of quick commerce stores, digitalization of this grocery order process , gated communities, not so conducive weather and pollution to step out- We are entering the era of quick commerce , though i do think this would be mostly limited to some pickets of cities and not so widespread as some experts bullish.
Quick commerce will definitely evolve. To a fulfilment engine for current traditional retail.
10 mins delivery would heavily be diluted, service charges for anything outside of a milk run and possible cobranding of products.
Quick commerce would morph to ‘chotu’ on demand for kirana and demand aggregator app for brands.
Is it? Most of the population still lives in Tier 2 and below places. And people at these places really do not expect quick delivery. Just my inexperienced observation
This is literally insane. Not sure people understand how profound this is
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