Quick-Commerce Startups in India on the Rise

Indian quick-commerce startups like Zepto are skyrocketing in sales, with Zepto hitting $1.2 billion in annualized sales in just 29 months. Competing with giants like Zomato and Swiggy, Zepto is quickly gaining market share and is on track to break even financially. The quick-commerce sector in India is booming, capturing over half of the online grocery market and challenging e-commerce giants like Flipkart and Amazon. Big-ticket deals are also making a comeback in the Indian startup scene, with companies like Lenskart, Purplle, and HealthKart gearing up for fresh funding rounds. Investors are eyeing strong businesses that have navigated post-pandemic challenges and are on a path to profitability. Lenskart, valued at $6 billion, and Purplle, with a potential healthy premium, are among the companies attracting investor interest. HealthKart and Rapido are also in talks for new funding rounds. The deal-making momentum is expected to accelerate, with more companies seeking primary and secondary capital. As the Indian startup ecosystem continues to evolve, the future looks bright for quick-commerce and other tech ventures in the country.