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India Quick E-Commerce (Quick Commerce) Market Size to Surpass US$ 19,932.5 Million by 2030 | Exhibiting a CAGR of 63%

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BURLINGAME, Calif., Feb. 27, 2024 /PRNewswire/ — CoherentMI published a report, titled, India Quick E-Commerce (Quick Commerce) Market was valued at US$ 652 Million in the year 2023 and is anticipated to reach US$ 19,932.5 Million by 2030, at a CAGR of 63% during forecast period 2023-2030.

Market Dynamics:

The India Quick E-Commerce (Quick Commerce) Market is experiencing rapid growth primarily due to the rising internet penetration rate in the country. With the increasing availability and affordability of smartphones, there has been a significant increase in the number of internet users, particularly in rural areas. This has led to an upsurge in online shopping activities, creating a favorable environment for the quick e-commerce market in India. Additionally, the convenience offered by quick e-commerce platforms, such as fast delivery and easy return policies, has further fueled the market growth. Moreover, the COVID-19 pandemic has also played a significant role in accelerating the adoption of quick e-commerce in India, as consumers prefer contactless shopping and home delivery services.

India Quick E-Commerce (Quick Commerce) Market Report Snapshot:

Report Coverage

Details

Study Period

2023 – 2030

Base Year of Estimation

2022

CAGR

63 %

Largest Market

India

Market Concentration

High

Major Players

Grofers, Milkbasket, DailyNinja, Natures Basket, Blinkit and Among Others.

Segments Covered

By Product Category, By Order Value, By Location, By Time-slot, By Payment Mode

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Growth Drivers

• Busy Lifestyles and Time Poverty among Working Professionals
• Increased Smartphone and Internet Penetration
• Young Demographics and Tech Savvy Population
• Urbanization and Busy City Life

Restraints & Challenges

• Operational Complexities
• High Customer Acquisition Costs
• Low Barriers to Entry and High Competition

 

Market Takeaways:

India Quick E-Commerce (Quick Commerce) Market Size is anticipated to witness a CAGR of 63% during the forecast period 2023-2030, owing to the increasing adoption of e-commerce platforms for quick and convenient shopping by consumers.

On the basis of Product Category, the Fruits & Vegetables segment is expected to hold a dominant position in the India Quick E-Commerce (Quick Commerce) Market. This is primarily due to the increasing focus on health and wellness, leading to a high demand for fresh produce among consumers. Additionally, the growing popularity of online grocery shopping further contributes to the dominance of the Fruits & Vegetables segment.

In terms of Order Value, the Below INR 500 segment is expected to dominate the India Quick E-Commerce (Quick Commerce) Market. This is driven by the price-conscious nature of Indian consumers, who prefer to shop for lower-priced items online. The convenience of quick delivery and competitive pricing offered by e-commerce platforms has further popularized this segment.

Metropolitan Cities are expected to hold a dominant position in the India Quick E-Commerce (Quick Commerce) Market in terms of Location. This can be attributed to the higher population density and better access to e-commerce infrastructure in these cities. The availability of fast and reliable delivery services, along with a wide range of product options, makes metropolitan cities the key market for quick e-commerce.

Key players operating in the India Quick E-Commerce (Quick Commerce) Market include Grofers, Milkbasket, DailyNinja, Natures Basket, Blinkit, Swiggy Instamart, Zepto, Dunzo, BigBasket, Spencer’s Retail, More Retail, Aaram Shop, CityMall, Otipy, Myra, Bikaji Foods, Amazon Quick Commerce, Tata Neu Super App, JioMart, Flipkart Quick. These players play a significant role in the market by offering a diverse range of products, ensuring competitive pricing, and providing efficient delivery services. With the growing market opportunities, these key players are expected to expand their market presence and contribute to the overall growth of the India Quick E-Commerce (Quick Commerce) Market.

Market Trends:

Increased Focus on Hyperlocal Delivery:

One of the key trends observed in the India Quick E-Commerce (Quick Commerce) Market is the increased focus on hyperlocal delivery. With the aim to provide faster and more efficient delivery services, e-commerce platforms are partnering with local stores and vendors to establish a strong hyperlocal network. This enables them to deliver products to customers within a few hours, enhancing customer satisfaction and loyalty.

Growing Popularity of Social Commerce:

Another emerging trend in the India Quick E-Commerce (Quick Commerce) Market is the growing popularity of social commerce. Social media platforms, such as Instagram and Facebook, have become an integral part of people’s lives, and businesses are leveraging these platforms to promote and sell their products. Quick e-commerce platforms are integrating social commerce features, such as buy buttons and shoppable posts, to enable users to purchase products directly from social media platforms, thus driving the market growth.

Recent Development: 

In January 2022, Zepto expanded its product line by launching Coffee Café Day beverages on its rapid commerce app.

In March 2022, Swiggy insta market began offering 15-30 minutes delivery of fruits and vegetables in Gurugram.

Read complete market research report, “India Quick E-Commerce (Quick Commerce) Market, By Product Category, By Order Value, By Location, By Time-slot, By Payment Mode, and other Segment Forecast 2023-2030“, Published by CoherentMI.

Market Opportunities:

Growing Market Size and Increasing CAGR

The India Quick E-Commerce (Quick Commerce) Market is anticipated to witness a significant growth with a CAGR of 63% during the forecast period of 2023-2030. This rapid growth is primarily attributed to the increasing adoption of e-commerce platforms for quick and convenient shopping by consumers. As per market research, the market size is estimated to reach US$ 652 million in 2023. This emphasizes the immense potential for growth in the quick e-commerce sector in India.

Diverse Product Categories and Order Values

The India Quick E-Commerce (Quick Commerce) Market offers a wide range of product categories catering to diverse consumer needs. The dominating product category is Fruits & Vegetables, followed by Snacks & Beverages, Dairy & Bakery, Staples & Cooking Essentials, Meat & Seafood, Personal care, and Others. This diverse range of product categories provides ample opportunities for retailers and allows them to cater to the evolving preferences and demands of consumers.

The order value segment in the India Quick E-Commerce (Quick Commerce) Market is categorized into Below INR 500, INR 500-1000, INR 1000-1500, and above 1500. Currently, the dominating order value segment is Below INR 500. This reflects the trend of Indian consumers preferring affordable and budget-friendly options for online purchases, leading to the dominance of lower order value segments in the market.

In conclusion, the India Quick E-Commerce (Quick Commerce) Market presents significant market opportunities with its growing market size and increasing CAGR. With diverse product categories, order values, and location preferences, the market offers immense potential for retailers and key players to tap into the evolving consumer demands. The dominance of metropolitan cities and the presence of key players further contribute to the growth of the India Quick E-Commerce (Quick Commerce) Market.

India Quick E-Commerce (Quick Commerce) Market Segmentation:

By Product CategoryFruits & VegetablesSnacks & BeveragesDairy & BakeryStaples & Cooking EssentialsMeat & SeafoodPersonal CareOthersBy Order ValueBelow INR 500INR 500-1000INR 1000-1500Above INR 1500By LocationMetropolitan CitiesTier 1 CitiesTier 2 CitiesRest of IndiaBy Time-slot30 minutes60 minutes90 minutesMore than 90 minutesBy Payment ModeDigital WalletsCredit/Debit CardsCash on DeliveryUPINet Banking

Purchase this premium report now: https://www.coherentmi.com/industry-reports/india-quick-e-commerce-market/buyNow

Top Questions Answered in this Report:

What factors are impeding the growth of the India Quick E-Commerce (Quick Commerce) Market?What are the primary drivers fueling the growth of the India Quick E-Commerce (Quick Commerce) Market?Which segment stands out as the leading component in the India Quick E-Commerce (Quick Commerce) Market?Who are the key players actively participating in the India Quick E-Commerce (Quick Commerce) Market?Which region is poised to take the lead in the India Quick E-Commerce (Quick Commerce) Market?What is the projected CAGR for the India Quick E-Commerce (Quick Commerce) Market?

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About Us:

At CoherentMI, we are a leading global market intelligence company dedicated to providing comprehensive insights, analysis, and strategic solutions to empower businesses and organizations worldwide. Moreover, CoherentMI is a subsidiary of Coherent Market Insights Pvt Ltd., which is a market intelligence and consulting organization that helps businesses in critical business decisions. With our cutting-edge technology and experienced team of industry experts, we deliver actionable intelligence that helps our clients make informed decisions and stay ahead in today’s rapidly changing business landscape.

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CoherentMI

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SOURCE Coherent Market Insights

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TECNO Wins Two IFA Global Product Technology Innovation Awards for Modular Phone and Tonino Lamborghini TECNO TAURUS

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BERLIN, Sept. 6, 2026 /PRNewswire/ — TECNO, a global AI-driven innovative technology brand, achieved two IFA Global Product Technology Innovation Awards at IFA 2026 for its products: the revolutionary TECNO Modular Phone and the ultra-compact Tonino Lamborghini TECNO TAURUS (MEGA MINI G1 Pro).

Tonino Lamborghini TECNO TAURUS (MEGA MINI G1 Pro) took the Miniaturized Gaming PC Technology Innovation Gold Award, standing out with its Italian aesthetics and the exceptional performance in the compact body. Meanwhile, the TECNO Modular Phone was honored with the Ultra-Slim Magnetic Modular Technology Innovation Gold Award, praised for its ultra-slim craftsmanship and unique modular magnetic technology.

These awards once again demonstrate TECNO’s sustained breakthroughs in product innovation and industry-leading craftsmanship in design excellence. The Global Product Technology Innovation Awards were established in 2014 by IDG, IFA, and DIHK to celebrate excellence across the global consumer electronics industry. The awards honor products that set new industry benchmarks and drive innovation through intelligent technology and user-centric design.

TECNO Modular Phone: The World’s Thinnest Modular Smartphone

At just 4.9mm, the TECNO Modular Phone is the world’s slimmest modular smartphone. Powered by proprietary Modular Magnetic Interconnection Technology—combining a precision magnetic array with pogo-pin connectors—it offers a flexible ecosystem of ten high-performance modules that respond dynamically to changing user needs. The host retains a 3000–4000mAh battery, while modules draw power directly for a snap-and-go experience. The portless unibody achieves an IP-rating for dust and water resistance. The TECNO Modular Phone is also set to enter mass production soon.

Engineered to be the ultimate physical gateway for personal AI assistants, it also resolves the inherent conflict between rising AI computing demands and limited device space. The technology has earned over 20 accolades from leading media including CNET, Android Authority, Yanko Design, and The Verge — with CNET and Yanko Design naming it among the Best of MWC 2026, and The Verge recognizing it as the Best Mobile Tech at MWC 2026.

Tonino Lamborghini TECNO TAURUS: One of the World’s Smallest Water-Cooling Gaming Mini-PCs

Tonino Lamborghini TECNO TAURUS (MEGA MINI G1 Pro) is one of the world’s smallest water-cooling gaming PCs at around 6.36 liters. Its vertical chassis with a panoramic transparent window fuses iconic Italian design with raw engineering, transcending traditional hardware to bring a luxury lifestyle into the gaming tech arena. Powered by the Intel® Core™ i9-13900HK and NVIDIA® GeForce RTX™ 5060 (614 AI TOPS, 145W TGP, DLSS 4), it achieves the absolute pinnacle of performance, empowering gamers with high-fidelity play and users with a high-efficiency AI workstation. The water-cooling system sustains peak frequencies under load, while 15 ports including OCuLink, USB4, and WiFi 6E deliver expandability and connectivity. The design was recognized with Yanko Design’s Best of MWC award.

In addition to these two award-winning products delivering powerful, stylish, and AI-driven solutions, TECNO made waves at IFA with the Next-Gen Bezelless Concept Phone featuring a revolutionary 0mm screen bezel, and the convertible laptop MEGABOOK T15 360 Pro. Relentlessly pushing the boundaries of design, performance, and AI innovation, TECNO is pioneering limitless possibilities for futuristic technology and trailblazing experiences.

About TECNO

TECNO is an innovative, AI-driven technology brand with a presence in over 70 markets across five continents. Committed to transforming the digital experience in global emerging markets, TECNO relentlessly pursues the perfect integration of contemporary aesthetic design with the latest technologies and artificial intelligence. Today, TECNO offers a comprehensive ecosystem of AI-powered products, including smartphones, smart wearables, laptops, tablets, smart gaming devices, the HiOS operating system, and smart home products.

Guided by its brand essence of “Stop At Nothing,” TECNO continues to pioneer the adoption of cutting-edge technologies and AI-driven experiences for forward-looking individuals, inspiring them to never stop pursuing their best selves and brightest futures. For more information, please visit TECNO’s official site: www.tecno-mobile.com.

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SOURCE TECNO MOBILE LIMITED

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LG Energy Solution and Seoul National University Open the Door to Commercializing Next-Generation LMR Batteries

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Joint research team suppresses gas evolution, one of the biggest challenges to commercializing lithium manganese-rich (LMR) batteriesThe technology was applied to and optimized for 40 Ah-class large-format cells, which retained 92.2 percent of initial energy after 883 cyclesResearch published in prestigious international journal Nature Communications

SEOUL, South Korea, Sept. 6, 2026 /PRNewswire/ — LG Energy Solution and Seoul National University have secured a key technology that can significantly improve the stability of next-generation lithium manganese-rich (LMR) batteries. On September 7 Seoul time, LG Energy Solution announced the results of a joint study with Professor Jongwoo Lim and his research team in Seoul National University’s Department of Chemistry.

The findings were published in Nature Communications, a prestigious international academic journal, and support the feasibility of applying LMR batteries to large-format cells for electric vehicles (EVs).

Controlling oxygen reaction reversibility suppresses gas evolution, a key challenge to commercialization, laying the foundation for large-cell commercialization

The joint research team identified factors contributing to gas generation and capacity degradation during LMR battery charging and discharging and developed optimal operating conditions for large-format cells to control these issues.

LMR is a next-generation cathode material that can lower material costs by using lower-cost manganese as a primary material without using cobalt. It can achieve high energy density by storing energy through both transition metals, such as nickel and manganese, and oxygen in the cathode material.

However, if oxygen oxidized during charging does not fully return to its original state during discharge, it can damage the battery’s internal structure and generate gas. In large-format cells for EVs, where available internal space is limited, this can increase internal pressure and degrade performance. As a result, gas generation has been a key challenge in commercializing LMR batteries.

The joint research team analyzed oxygen redox under different charging and discharging conditions and found that oxygen recovery depends on both the upper cutoff voltage during charging and the discharge cutoff voltage during discharge.

In testing, lowering the upper charging voltage from 4.6 V to 4.3 V increased the reduction of oxidized oxygen from 86 percent to 97 percent. The team also confirmed that lowering the discharge cutoff voltage from the conventional 3.0 V to 2.0 V enabled oxygen to recover to nearly its original state.

Based on these findings, LG Energy Solution researchers redesigned the operating voltage range and formation process conditions for 40Ah-class large-format LMR cells. They applied a lower-temperature formation process to effectively suppress gas generation associated with large-format cells.

As a result, the optimized 40 Ah-class large-format LMR cells retained 92.2 percent of their initial energy even after 883 charge and discharge cycles. This outstanding cycle-life stability opens the path for the commercialization of LMR materials in large-format cells for EVs, expanding their potential beyond small-format applications.

“This study identified the causes of degradation in LMR batteries from the perspective of oxygen reversibility and demonstrated that cell stability can be improved through electrochemical protocol design alone,” said Professor Jongwoo Lim of Seoul National University. “We confirmed that achieving long-term stability in LMR batteries requires comprehensive consideration of not only charging conditions but also discharge conditions.”

“This research addresses one of the key challenges facing LMR batteries,” said an LG Energy Solution spokesperson. “It demonstrates that stable battery life can be secured even in large-format cells by effectively suppressing gas generation, providing an important foundation for growth in the next-generation LMR battery market.”

About LG Energy Solution

LG Energy Solution (KRX: 373220) is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With more than 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 100,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

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SOURCE LG Energy Solution

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Park Systems Expands North American Footprint with New Regional Office in Hillsboro, Oregon

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SANTA CLARA, Calif., Sept. 6, 2026 /PRNewswire/ — Park Systems, a leading global manufacturer of atomic force microscopy (AFM) and nanoscale metrology systems, today announced the opening of its newest regional office in Hillsboro, Oregon. The strategic addition enhances the company’s ability to provide localized technical support, rapid-response customer engineering, and direct account management to key semiconductor and high-technology partners across the Pacific Northwest.

The Hillsboro facility complements Park Systems’ existing North American operations network, which includes the U.S. Headquarters in Santa Clara, California, the Latin America Office in Mexico City, and the Advanced Applications Office in Boston, Massachusetts.

“Our mission at Park Systems has always been centered on enabling nanoscience and semiconductor innovation through high-precision metrology,” said Dr. Sang-il Park, Founder and CEO of Park Systems. “Establishing our presence in Hillsboro marks an important milestone in our global growth strategy. By embedding our operations directly within key technology hubs like the Silicon Forest, we deepen our ability to collaborate closely with industry pioneers and drive next-generation semiconductor advancements.”

“Adding a physical presence in Hillsboro directly answers the needs of our regional semiconductor and microelectronics customers,” added Dr. Stefan Kaemmer, President of Park Systems, Inc. “With dedicated application engineers and technical service teams on the ground, we can deliver faster response times, tailored technical partnerships, and hands-on support as our customers scale their advanced manufacturing capabilities.”

The new Hillsboro location will focus on field service engineering, application support, and regional account coordination, reinforcing Park Systems’ commitment to empowering semiconductor and scientific progress across North America.

For more information about Park Systems locations and services, visit www.parksystems.com.

About Park Systems

Park Systems is a global leader in nanometrology, providing advanced measurement solutions for research and industrial applications. Founded by Dr. Sang-il Park, a contributor to the invention of atomic force microscopy (AFM) at Stanford University, the company has grown through continuous innovation and strategic acquisitions. Its technology portfolio includes AFM, white light interferometry (WLI), digital holographic microscopy (DHM), imaging spectroscopic ellipsometry (ISE), active vibration isolation systems, and solid metal probes.

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SOURCE Park Systems, Inc.

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