Traditional retail is still the biggest player, but e-commerce and quick commerce are changing the market, especially in cities where more people prefer online shopping for convenience.
With over two decades of experience in the fashion and lifestyle industry, Sumit brings extensive expertise in brand building, retail expansion, and strategic business management.
India's Quick Commerce retail market is on a remarkable growth trajectory. A report by Anand Rathi suggests that multiple player can co-exist in India's Quick Commerce retail market.
The company is also exploring quick commerce partnerships with platforms like Zepto for utility products such as school shoes and EVA slippers to boost sales.
A significant 91.73% of Gen Z shoppers say they’d remain loyal to a marketplace offering better customer service, even if it were slightly more expensive.
As per Unicommerce’ analysis, the two leading categories accounting for the bulk of online orders in 2024 were “Fashion & Accessories” (30%) and “Beauty, Wellness & Personal Care” (19%).
India has seen a fourfold increase in ice cream consumption over the past ten years. In fact, this sector is projected to reach Rs 45,000 crore in the next 3 years and more than Rs 90,000 crore in the next 8 years