India's Quick Commerce Market to Reach ₹2 Lakh Crore by 2028, Reports CareEdge

India's Quick Commerce (Q-commerce) market has grown at a remarkable Compound Annual Growth Rate (CAGR) of 142% between FY22-FY25, reaching around ₹64,000 crore in FY25, according to market analytics firm CareEdge.

The Gross Order Value of the Q-commerce market is expected to triple to around ₹2 lakh crore by FY28, as per the report, indicating exponential growth.

Q-commerce focuses on delivering goods to customers within a short timeframe, typically 10-30 minutes, and is projected to maintain strong double-digit growth driven by factors like expanding services in Tier II & III cities, enhanced delivery networks, and changing consumer preferences.

Factors such as wider geographic footprint, regional penetration, consumer behavior shift towards convenience, and urbanization are contributing to the industry's growth, making Q-commerce a key player in India's retail landscape.

Major FMCG brands are also embracing Q-commerce through platform-specific SKUs, premium offerings, and marketing partnerships, while investing in dark stores, tech infrastructure, and delivery optimization.

The report highlights that Q-commerce companies' fee-based revenue has grown significantly faster than the Gross Order Value, with a projected revenue of ₹34,500 crore by FY28, driven by increased platform fees and improved monetization strategies.