Saw a thread by Deedy, praising qCommerce in India, and then saw few replies telling why it would/wouldn't survive in future? Thoughts...
Link to Twitter thread: https://twitter.com/debarghya_das/status/1739661699601617252?t=bJe2nzghhtc5jpsXrNWnQQ&s=19
Quick commerce should die. This is the worst business in India. Doesn't add any value, has no value chain, destroys employability of individuals.
You don’t use quick commerce?
Never had such life threatening moments that required biscuits and cola drinks within the 10mins..
Low margin business. One recession and all these companies will be dead.
These will all massively struggle in 2024.
Low margin business but scale that very few businesses can get to
Lower labour costs in India (key cost) Higher level of convenience stores elsewhere (Americans have Walgreens etc next door, we don’t)
Q commerce will stay, but scale will be Limited.
MTUs will tap out at 15-18 M max.
Deel the same, I think l their operations would eventually concentrate near tier 1 cities only
Deedy is an engagement farmer. His opinions carry zero weight as he says things others want to hear than rooted in any logic.
Like that one thread on twitter which described him as cracking the perfect farming. Touts o1 to people who want to go to us and then India to prove who want to return/stay.
I disagree with sme of his views but I think he's a balanced and smart person for most parts. Will definitely not call him an engagement farmer.
When he said “an avg Indian has four helpers”, did you find that smart? Regardless of how maths works?
Prime example that one should not just study foreign markets and take everything else for granted. The west already has much better convenience stores at every nook and corner. Something was different in India.
Today BlinkIt eclipsed Z...
