Swiggy CEO Sriharsha Majety predicts the Indian quick commerce market to reach $30 Bn to $40 Bn in the next three to five years.
Majety expects a higher consolidation in the quick commerce sector and stated that the market may not support multiple players.
Swiggy's quick commerce arm, Instamart, aims for contribution margin breakeven between October 2025 and December 2025 by expanding dark stores.
Prosus India head hinted at upcoming IPOs of Indian companies including Meesho, Urban Company, PayU, and possibly Rapido, reflecting the maturing market.