Quick commerce orders soar to Rs. 64,000 crore (US$ 7.47 billion) in FY25, to touch Rs. 2,00,000 crore (US$ 23.34 billion) by FY28

Indians ordered goods worth Rs. 64,000 crore (US$ 7.47 billion) from quick-commerce platforms like Blinkit and Instamart in FY25, more than double the Rs. 30,000 crore (US$ 3.50 billion) recorded in FY24, according to a report by Careedge Ratings. The gross order value (GOV) is expected to grow more than threefold to reach Rs. 2,00,000 crore (US$ 23.34 billion) by FY28. Platforms earned revenues of Rs. 10,500 crore (US$ 1.23 billion) from fees in FY25, a significant jump from Rs. 450 crore (US$ 52 million) in FY22, driven by increased platform fees and a rising ‘take rate’, which climbed to 18% in FY25 from 7–9% in FY22. Careedge Advisory noted that quick commerce players are shifting focus from hypergrowth to profitability, leveraging advertising, subscriptions, private labels, and tech-led inventory optimisation. Expansion into tier-II and tier-III cities and technology innovation are expected to define the sector’s next growth phase.
Despite only 1% of India’s grocery demand currently being served by quick commerce, rising disposable incomes, rapid smartphone adoption, and over 270 million online shoppers in 2024 indicate strong potential for growth. The sector relies heavily on dark stores or micro-warehouses, which grew by over 70% to 3,072 in FY25. Average revenue per store increased by 25% during the same period. With India’s e-commerce market expanding 23.8% in 2024 and a vast mobile user base of 1.12 billion as of early 2025, quick commerce is poised to become a significant driver of retail transformation in India.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.