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10-Minute Delivery Surge: Key Players to Monitor Amid Profit and Regulatory Challenges

share-iconWednesday, January 01 comment-icon3 weeks ago 4 views
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indiatimesINDIATIMES
10-Minute Delivery Surge: Key Players to Monitor Amid Profit and Regulatory Challenges

Credited from: INDIATIMES

  • Quick commerce in India is projected to grow significantly, targeting a market surpassing $6 billion in 2024, up from $3.5 billion.
  • Consumers are increasingly interested in 10-minute delivery services for groceries and electronics, embracing the convenience despite higher costs.
  • Potential regulatory challenges arise as trade groups demand scrutiny of quick commerce practices, alleging violations of FDI norms.
  • Major companies are expanding their offerings in the quick delivery space, with platforms testing new categories like food delivery and electronics.
  • Profitability remains a concern as firms scale into smaller cities, facing lower average order values and increasing competition from established players.

For more information, visit the original article: Times of India.

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Quick commerce 10-minute delivery Regulations Profitability Online shopping Consumer trends India Retail
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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