For high-value purchases, however, physical stores remain the top choice, with more than 50 per cent of respondents preferring in-store shopping for high-value premium products
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The impact on Kirana stores is significant, as per the report, 46 per cent of quick commerce users have reduced purchases from Kirana stores
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Sudhakar Adapa feels that the definition of 'quick' may change from 10 minutes to probably over 60 minutes or so
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While India's ecommerce sector is registering an annual growth rate of 14 per cent, quick commerce has expanded at an impressive 73 per cent annual growth rate during the Financial Year 2024 (FY24)
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Quick commerce platforms offer a superior shopping experience with a broad selection of products, competitive pricing, and delivery times of 10 to 20 minutes
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The sustainability of quick commerce in India hinges on more than just cheap labour and investor backing; it also depends on infrastructure, regulatory shifts, and socio-economic dynamics
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Quick commerce, a subset of ecommerce, has been witnessing robust growth in sales during the ongoing festive season and has been making a mark
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The evolution of quick commerce, initially met with scepticism regarding the necessity of 10-minute deliveries, has now entrenched itself as an indispensable service within just over three years
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The decision stems from the considerable costs and regulatory hurdles involved in setting up new dark stores
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