The 10-Minute Business

Indian E-commerce Market

The Indian e-commerce market is estimated to reach 200 billion USD by 2026 and USD 350 by 2030( E-commerce Industry Report 2022) One of the major factors that will boost this growth is the Quick Commerce Industry.

The Quick Commerce  

Quick commerce is a type of e-commerce where the emphasis is on quick deliveries typically in less than an hour Expected growth of this sector- From 0.3 billion to 5 billion USD by 2025. A report by MarkNtel expects Indian quick commerce to grow at a CAGR of around 67% during 2023-28. Contribution to the online grocery market is 10%

Purchasing style they Target on 

1. Stock up: This is a bulk purchase for long-term consumption. 2. Top-up: These are daily consumables, such as eggs, milk, vegetables, and fruits, among others.  3. Unplanned purchases: Emergency purchases and daily consumables. 

Factors helping their growth  

Increased use of Mobiles- As per the IAMAI and Kantar Research report, the number of Indian Internet users will touch 900 million by 2025 Relaxed FDI- The current FDI norms of the government allow 100% FDI via the automatic route in B2B e-commerce Favourable government policies-  ONDC, Digital Payments, Broadband penetration, Promotion and visibility  


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