Swiggy IPO shines the spotlight on Quick Commerce opportunity

Manas Chakravarty • October 01, 2024 / 09:09 IST

The near-term growth rate of Quick Commerce in India is expected to be 80-100 percent annually for the next two years driven by higher user adoption, geographic expansion, expanding AOVs (Average Order Value), basket size and category expansion

That scorching pace of growth has resulted in 90 percent year-over-year growth in gross revenue of Swiggy’s QC business in April-June 2024

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