Quick commerce is expected to grow 10-15x in the next five years and become a USD 5 billion opportunity by 2025, according to consulting firm RedSeer.Quick commerce is defined as the delivery of consumables within a span of 45 minutes with a nominal delivery charge.According to the report titled ‘Quick Commerce: A $5 billion market by 2025’, the market penetration of ‘quick commerce’ is estimated at about USD 300 million in CY2021.This is expected to grow 10-15x in the next five years to USD 5 billion by 2025, it added.The major growth drivers for quick commerce are rising adoption among convenience …
Quick Commerce To Become $5bn Opportunity By 2025: RedSeer
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