Though quick commerce is projected to grow to 128 million MTUs, the number looks ambitious.
In July 2021, Jefferies projected 32.6 million users for one of the big players Zomato by FY25, but the present trajectory points to 20.6 million users in FY25.
Players such as Zomato, Swiggy and Zepto have been expanding rapidly in the quick commerce space.
Redseer predicts a 40-45% GMV CAGR for q-commerce in the next three years. Not just groceries and food, all players have now expanded their offerings that also include home services, electronics and fashion.
Quick commerce contributes 30-60% of ecommerce sales for major FMCG players, and that too in just three years, the report states.
Apart from quick commerce, the report also highlights that Professional Consulting has been growing faster than IT services, though from a lower base. It also mentions that from a fifth of the size of IT services, global capability centres (GCCs) are now a third of IT services revenues and all this happened in less than 10 years.
