E-commerce and hyperlocal logistics firms such as Ecom Express, Shadowfax and Loadshare will start shifting their focus on providing quick delivery services, aiming to capture a share of the growing market for online orders and deliveries.
“We have been building these capabilities for a while. Given that there is a big enough market, it makes sense to step into this space as well,” a senior executive at one of the firms told Economic Times.
The firms hope to tap the quick commerce segment as there is a demand from brands as well as consumers.
India’s quick commerce market is expected to grow about 35% to nearly $7 billion in gross merchandise value by 2025. This is according to a report by Datum Intelligence. Its valuation is $5 billion now.
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Most of the products which are part of the quick commerce are from the grocery segment.
However, people who are aware of the matter told ET that unlike quick delivery platforms like Zepto, Blinkit and Instamart which will take 10-15 mins for delivery, Ecom Express, Shadowfax and Loadshare can take longer to deliver the products to the customers.
Taking about its new venture, Ecom Express anticipates that the quick delivery segment will gain "substantive expansion, especially during the festive season."
“Q-delivery trends are increasingly transcending the boundaries of traditional q-commerce companies, as more e-commerce businesses are adopting these rapid, efficient delivery models to enhance their service offerings,” the company said as reported by ET.
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Recently, Delhivery said that it was planning to open 35-40 dark stores across each of the top eight cities in India. The firm hopes to provide its services within the radius of 8 to 10km.
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