In its most recent report, market analytics firm CareEdge estimated that the fast commerce market in India reached over Rs. 64,000 crore (US $ 7.44 billion) in FY ’25, rising at an astounding compound annual growth rate (CAGR) of 142% between FY ’22 and FY ’25.
According to the report, the quick commerce market’s gross order value is expected to rise exponentially, nearly tripling from an anticipated Rs. 64,000 crore (US $ 7.44 billion) in FY ’25 to approximately Rs. 2 lakh crore (US $ 23.25 billion) by FY ’28.
The report predicts that the industry will continue to develop at a robust double-digit rate in the years to come. Increased service extension and acceptance in Tier-2 and Tier-3 cities, improved delivery networks, and a shift in customer preferences towards fast fulfilment will drive the growth.
The report went on to explain the reasons for the expansion, stating that a larger global reach, regional penetration, a change in customer preferences towards speed and convenience of delivery, a rise in digitisation, and a smaller base are all contributing to the industry’s expansion.
Additionally, the report noted that structural trends including rising urbanisation, shifting consumer habits, and rising disposable income encourage rapid app-based purchasing experiences, which further propels industry growth.
Through platform-specific SKUs, premium products, and marketing collaborations, major retail brands are also embracing Q-commerce, increasing average order values and diversifying their product offerings.
At the same time, businesses are making significant investments in delivery optimisation, tech infrastructure, and dark shops, setting the stage for scalable and effective operations.
The Q-commerce market’s fee-based revenue has increased at a substantially higher rate than the Gross Order Value (GOV), according to the finding.
Q-Commerce enterprises’ fee-based revenue, which was Rs. 450 crore (US $ 52.32 million) in FY ’22, increased to an estimated Rs. 10,500 crore (US $ 1.22 billion) in FY ’25 and is expected to reach Rs. 34,500 crore (US $ 4.01 billion) by FY ’28, according to the report. This represents a noteworthy CAGR of 26–27% from FY ’25 to FY ’28.
Major companies’ raised platform fees are the reason for this dramatic rise, which the report said led to higher revenue realisation and a significant rise in GOV overall.
