Quick Commerce Outperforms E-Commerce, India Sales Increased 280% in Two Years: Report

NEW DELHI: India fast trading According to the website, the sector has experienced strong growth, with sales increasing by more than 280 percent in the last two years Chryseeumfinancial services company.
The report shows that Gross value of the goods India’s high-speed commerce (GMV) increased from $0.5 billion in FY22 to $3.3 billion in FY24.
It further states that while India’s high-speed commerce achieved an annual growth rate of 73% in FY 2023-24, the e-commerce industry recorded an annual growth rate of 14%, highlighting the shift in consumer preferences towards faster and more convenient solutions in scope of delivery.
Moreover, the fast trading industry is expected to reach USD 9.95 billion by 2029 from the current valuation of USD 3.34 billion, with a compound annual growth rate (CAGR) of over 4.5 percent during the forecast period (2024-2029) , as forecast report.
Despite rapid growth, the sector still has significant untapped potential, with a penetration rate of just 7 percent of the total addressable market, which is estimated to be worth $45 billion. This creates a significant opportunity for further development, and high-speed trade already exceeds the size of the food delivery market.
To exploit this potential, fast trading platforms are increasingly partnering with manufacturers for direct sourcing, bypassing traditional distributor networks. This approach enables platforms to optimize operations, reduce costs and provide more competitive prices to consumers.