Mumbai, July 10 || The Indian quick commerce (Q-commerce) market’s gross order value is poised for exponential growth, nearly tripling from an estimated Rs 64,000 crore in FY25 to around Rs 2 lakh crore by FY28, according to a report on Thursday.
India’s Q-commerce market is estimated to have reached around Rs 64,000 crore in FY25, growing at a staggering CAGR of 142 per cent during FY22-FY25, driven by evolving consumer preferences, hyperlocal infrastructure, and a lower base, according to the report by CareEdge Advisory, a subsidiary of CareEdge Ratings.
“While growth remains strong, the focus is shifting from rapid expansion to reviving profitability and operational efficiency. Going forward, deeper penetration in Tier 2 and 3 cities, and tech-led innovations will likely define the next phase of India’s Q-commerce landscape,” said Tanvi Shah, Senior Director and Head, CareEdge Advisory and Research.
The Q-commerce market revenue generated through fees has grown at a significantly faster pace than the GOV.
The fee-based revenue, which stood at Rs 450 crore in FY22, has reached an estimated Rs 10,500 crore in FY25 and is further projected to reach Rs 34,500 crore by FY28, representing a significant CAGR of 26-27 per cent from FY25 to FY28.