10-minute delivery space heats up, Q-commerce space to get crowded

India's Q-Commerce Revolution:  Flowers to sweets to idols and more – most people banked on 10-minute delivery service during Diwali. ‘you-want-it-you-get-it’ way of living is driving up a huge economic opportunity for quick commerce in India and rush is not mellowing any time soon.

Aggressive growth of quick-service delivery is on anvil with experts suggesting that market may finally mature around FY26. What initially started with grocery and essentials quickly started including everything from pots, pans, ggets, and even clos. 

According to a RedSeer report published earlier this year, around 75-85 percent growth is projected for Q-Commerce in FY25 backed by 5 million new monthly transacting users. Existing MTUs too are expected to spend around 20 percent more on Q-commerce than previous year. Also, 500 new dark stores are expected to be ded across country in same period with a focus on  top 30-50 cities.

report highlights that aggressive growth spree would continue for next couple of years leing to industry maturing by FY26. While big cities are likely to drive Q-commerce, smaller cities are expected to follow suit FY27 onwards.

A more recent report by Chryseum shows that quick commerce industry in India which is estimated at $3.34 billion in 2024, will reach approximately $9.95 billion by 2029 growing at a 4.5 percent CAGR.

three reigning companies who have h first-movers’ vantage are Blinkit , Swiggy Instamart and Zepto but re’s a whole line of fresh players waiting to foray and are alrey testing waters. 
Some of m are: Amazon which is alrey exploring market with Amazon Fresh, BB Now by Big Basket, FirstClub, Flipkart, JioMart, Myntra, Nykaa, Ola, Slikk, Swish, and so on. 
What started with grocery could soon end up being a service for fashion, furniture, and more.