The quick commerce industry in India in FY25 is expected to grow to a value of about Rs 64,000 crore and by FY28, it will have tripled to about Rs 2 lakh crore, according to a research by CareEdge Analytics & Advisory.

Between FY22 and FY25, the sector grew at a 142 percent compound annual growth rate (CAGR). 

The proliferation of hyperlocal infrastructure and changing customer tastes were the main drivers of the increase. 

The report went on to say that even while growth is anticipated to slow, the market will continue to grow at a strong double-digit rate in the upcoming years thanks to improved delivery networks and growing tier 2+ adoption.

The overall number of dark stores increased from about 1,800 stores in FY24 to 3,072 stores in FY25, a 71 percent year-over-year (y-o-y) increase. 

The sector's overall unit economics improved throughout the same time period, as evidenced by the notable 25 percent increase in average revenue per store.

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With a compound annual growth rate (CAGR) of 186 percent, the fee-based revenue stream has increased even more quickly than the gross order value, reaching an expected Rs 10,500 crore in FY25. 

With take rates increasing from 7-9 percent in FY22 to 14-18 percent by FY25, this dramatic increase is a reflection of key platforms' enhanced monetization techniques.

 

According to the income profile, seller commissions account for 68–74 percent of total revenue, with delivery fees coming in at 11–13 percent and advertising & brand boosts at 9–11 percent. Private labels and subscriptions each make up 4–5 percent of the total revenue mix.

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The study paper claims that platforms are now concentrating on sustainable growth rather than just expansion, and that the industry is shifting from a "simply fast to more innovative and more strategic" strategy. To sustain long-term profitability and keep their competitive edge in hyperlocal delivery, businesses are utilizing technology-driven inventory optimization, private labels, advertising, and subscriptions.

According to the survey, the next wave of players will concentrate on intelligent zoning and warehouse automation to increase profitability. The majority of players already rely on AI-time inventory sync, AI-based replenishment, and zone-specific SKU planning to optimize operations.