India’s quick commerce market to reach Rs 2 lakh crore by FY28: CareEdge report
India’s quick commerce sector is experiencing explosive growth, with the market estimated to have reached around Rs 64,000 crore in FY25. It is projected to triple to nearly Rs 2 lakh crore by FY28, according to a report by CareEdge Analytics & Advisory.
The sector has grown at a compound annual growth rate (CAGR) of 142% between FY22-FY25. The growth was driven by evolving consumer preferences and hyperlocal infrastructure expansion. While growth is expected to moderate, the market will maintain robust double-digit expansion in the coming years, supported by rising adoption in tier 2+ and enhanced delivery networks, the report added.
