The rapid trade sector in India made two -thirds of all electronic orders for 2024, says the report

(Reuters)-India’s rapid trade sector formed more than two-thirds of all orders of electronic need last year, as its total share in the market increased by five to 6 to 7 billion dollars from 2022, according to the report of the Pine Consulting Company and the e-commerce company, Volylkart.

The industry, which is dominated by Zomato’s Blinkit, also represented the ten dollar reporting in 2024, according to the report issued on Wednesday.

These platforms provide groceries to electronics within minutes, and its share in the market is expected to grow more than 40 % annually until 2030, driven by expanding through new categories, geography and consumer sectors, according to the report.

“The large rise in fast trade (i.e. delivery in less than 30 minutes) was one of the most distinctive features of the Tayyan electronic market in India over the past two years,” according to the report, which stated that the sector had more than 20 million annual shoppers on the Internet and works more than 400,000 people.

However, these platforms may face some immediate challenges in expanding profitability, as they may fight for growth to become markets outside large cities as well as facing intense competition from larger e -commerce players including Flipkart.

To maintain profitable growth, “companies must adapt their business models to the market outside the main metro, manage increasing competition, and improve supply chains.”

The report comes at a time when players such as Flipkart Minute, Myntra’s M-No and Bigbasket’s BB now have now, and supply Amazon’s Tez with the sector with their fast trade platforms.

However, some industry experts expect this mutation to be short -lived.

Last month, the Blume Ventures report said that the sector may struggle to maintain its current growth.

Reuters, Reuters, told Reuters in an interview that the rapid trade madness is “a passing heresy” and cannot be affected in the long run.

(This story was corrected to say the electronic wheel, not the electronic style, in address and paragraph 1)

(Participated in Ashwin Manicandan reports; editor -in -chief