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India's e-commerce stocks surge amid profit expectations
Quick commerce is booming in India, with Swiggy, Blinkit (owned by Eternal), and Zepto leading the charge.
Their rapid delivery services have pushed Indian e-commerce stocks ahead of China's, and experts think this momentum could drive the market to $100 billion by 2030.
Swiggy, Blinkit, and Zepto now dominate this market
Swiggy's Instamart, Blinkit, and Zepto now control nearly 90% of this market thanks to strong supplier networks and getting in early—leaving global giants like Amazon and Flipkart playing catch-up.
While profits are still a work in progress (especially for Swiggy), smart strategies like boosting order values and charging for fast delivery are helping them stay on top.