Page 19 - Quick Commerce News Today : Breaking News, Live Updates & Top Stories | Vimarsana

India's neighborhood grocery stores, numbering around 12 million, experienced a slowdown in sales in the last quarter of 2023, while quick-commerce firms gained market share. Companies like Marico, Dabur, and Parle noted challenges in profitability and liquidity for traditional kirana stores. Quick-commerce platforms like Swiggy Instamart and Zomato-owned Blinkit have contributed significantly to FMCG sales, accounting for 30-50% of e-commerce sales for these companies.

The Quick Commerce Market is projected to grow from $4.52 billion to $11.67 billion in 2032, at a CAGR of 12.6% in forecast period

Within the complex realm of food delivery behemoths, Swiggy has revealed its financial story for the fiscal year that concludes on March 31, 2023 (FY23). The data illustrates expansion, diversification, and calculated moves made in the pursuit of profitability and a successful IPO.

Food delivery aggregator Swiggy is testing a potential doubling of its platform fee from ₹5 to ₹10 per food order as it prepares for its upcoming IPO.

Zomato-owned Blinkit and Swiggy Instamart are offering a wide range of pooja products, from diyas, incense sticks, oil, wicks and flowers to the orange Hanuman flags that have emerged in the run-up to the inauguration across cities.