Quick Commerce Companies Like Zomato’s Blinkit, Zepto, and Swiggy Instamart to Reach USD 10 Billion by FY26
New Delhi, India – Quick commerce companies are set to transform the Indian retail market, with their gross order value expected to hit USD 10 billion by FY26, according to a CLSA report. This sector, known for ultra-fast delivery and efficient last-mile operations, is challenging the traditional food and grocery market, which is largely controlled by local vendors.
Key players like Zomato’s Blinkit, Zepto, and Swiggy Instamart are leading this growth, holding over 90% of the market share by revenue. These companies are projected to surpass USD 78 billion in gross order value within a decade. Zomato’s Blinkit is expected to benefit the most from this growth, while traditional companies like Hindustan Unilever and Marico face risks as their distribution advantages diminish.
India’s rapid urbanization and fragmented retail market have created a favorable environment for quick commerce. These platforms offer a better shopping experience with a wide range of products, competitive pricing, and delivery times of 10-20 minutes. The total addressable market for quick commerce is estimated at USD 662 billion as of FY24, making it a significant player in the retail industry.
Assuming a 3% net profit margin on gross order value, the sector could generate a profit pool of USD 2.3 billion within a decade, surpassing the current profit pool of the entire organized retail industry in India. The success of quick commerce depends on optimizing sourcing, warehousing, fulfillment management, and rider operations to manage delivery costs effectively.
Quick commerce platforms offer a broader product selection than local kiranas, including items like basic apparel, electronics, stationery, and even services like printing and food services. This shift is reshaping the retail supply chain and posing a threat to established brands like Marico and Hindustan Unilever.
For unlisted companies like Zepto, the potential for growth remains significant as they establish themselves in the market.
Doubts Revealed
Quick Commerce -: Quick commerce means delivering products like groceries and food very fast, usually within minutes or hours, instead of days.
Zomato’s Blinkit -: Blinkit is a service by Zomato that delivers groceries and other items quickly to your home.
Zepto -: Zepto is another company that delivers groceries and other items very fast, usually within 10 minutes.
Swiggy Instamart -: Swiggy Instamart is a service by Swiggy that delivers groceries and other items quickly to your home.
USD 10 billion -: USD 10 billion means 10 billion US dollars, which is a lot of money. In Indian rupees, it is a huge amount.
FY26 -: FY26 means the financial year 2026, which is a period used for accounting and financial purposes.
CLSA report -: CLSA is a company that does research and gives advice on investments. They made a report predicting the future of quick commerce.
Gross Order Value -: Gross order value is the total amount of money customers spend on orders before any discounts or returns.
Local vendors -: Local vendors are small shopkeepers or sellers in your neighborhood who sell groceries and other items.
Hindustan Unilever -: Hindustan Unilever is a big company in India that makes and sells many products like soaps, shampoos, and food items.
Marico -: Marico is another big company in India that makes and sells products like cooking oils and hair care items.
