Quick commerce growth in 2024: From gold, groceries to gadget delivery in 10 minutes

BENGALURU: The quick commerce sector in 2024 not only witnessed significant venture funding and growth, but also saw the entry of major players and extraordinary growth in terms of users. Swiggy went public this year and Zomato-backed Blinkit business turned adjusted EBITDA positive in March 2024.

While Flipkart forayed into quick commerce with ‘Minutes’, Amazon announced Tez and Myntra launched ‘M-Now’. All major players are now focusing on the rapidly booming quick commerce market. Thanks to widespread adoption and demand not just in metro cities but also across tier-2 and 3 cities.