Hyperlocal gets hyper competitive. What are the factors that make quick commerce companies a hit in India but a big flop across the globe? Seriously curious !
Talking product sense with Ridhi
9 min AI interview5 questions
fun fact our delivery/taxi is 3x cheaper than US. and we don't have alot of entertainment options than us, so people spend more % money on food
and India is one of top countries that cook food at home
Cool
None of them are profitable yet tbh.
Globally, people buy monthly ration and through Walmart etc.
In India, we have habit to buy items when needed and these quick commerce firms have identified this consumer behaviour n rewarded the same...
In long run, only those firms will exist which uses ai in supply chain, logistics and analytics effectively
Globally, it will be a flop due to high labour cost, plus as mentioned in one of the comments people in European countries buy in bulk, Walmart , Costco specializes in pricing items in such a way that people are bound to buy the higher volume item.
Indian quick commerce aint profitable. They are only scaling and attracting consumers by giving lucrative discounts. Burning investors money != successful
They can kiss profitability a sweet goodbye. Oh, wait!