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India Quick E-Commerce (Quick Commerce) Market Size to Surpass US$ 19,932.5 Million by 2030 | Exhibiting a CAGR of 63%

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BURLINGAME, Calif., Feb. 27, 2024 /PRNewswire/ — CoherentMI published a report, titled, India Quick E-Commerce (Quick Commerce) Market was valued at US$ 652 Million in the year 2023 and is anticipated to reach US$ 19,932.5 Million by 2030, at a CAGR of 63% during forecast period 2023-2030.

Market Dynamics:

The India Quick E-Commerce (Quick Commerce) Market is experiencing rapid growth primarily due to the rising internet penetration rate in the country. With the increasing availability and affordability of smartphones, there has been a significant increase in the number of internet users, particularly in rural areas. This has led to an upsurge in online shopping activities, creating a favorable environment for the quick e-commerce market in India. Additionally, the convenience offered by quick e-commerce platforms, such as fast delivery and easy return policies, has further fueled the market growth. Moreover, the COVID-19 pandemic has also played a significant role in accelerating the adoption of quick e-commerce in India, as consumers prefer contactless shopping and home delivery services.

India Quick E-Commerce (Quick Commerce) Market Report Snapshot:

Report Coverage

Details

Study Period

2023 – 2030

Base Year of Estimation

2022

CAGR

63 %

Largest Market

India

Market Concentration

High

Major Players

Grofers, Milkbasket, DailyNinja, Natures Basket, Blinkit and Among Others.

Segments Covered

By Product Category, By Order Value, By Location, By Time-slot, By Payment Mode

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Growth Drivers

• Busy Lifestyles and Time Poverty among Working Professionals
• Increased Smartphone and Internet Penetration
• Young Demographics and Tech Savvy Population
• Urbanization and Busy City Life

Restraints & Challenges

• Operational Complexities
• High Customer Acquisition Costs
• Low Barriers to Entry and High Competition

 

Market Takeaways:

India Quick E-Commerce (Quick Commerce) Market Size is anticipated to witness a CAGR of 63% during the forecast period 2023-2030, owing to the increasing adoption of e-commerce platforms for quick and convenient shopping by consumers.

On the basis of Product Category, the Fruits & Vegetables segment is expected to hold a dominant position in the India Quick E-Commerce (Quick Commerce) Market. This is primarily due to the increasing focus on health and wellness, leading to a high demand for fresh produce among consumers. Additionally, the growing popularity of online grocery shopping further contributes to the dominance of the Fruits & Vegetables segment.

In terms of Order Value, the Below INR 500 segment is expected to dominate the India Quick E-Commerce (Quick Commerce) Market. This is driven by the price-conscious nature of Indian consumers, who prefer to shop for lower-priced items online. The convenience of quick delivery and competitive pricing offered by e-commerce platforms has further popularized this segment.

Metropolitan Cities are expected to hold a dominant position in the India Quick E-Commerce (Quick Commerce) Market in terms of Location. This can be attributed to the higher population density and better access to e-commerce infrastructure in these cities. The availability of fast and reliable delivery services, along with a wide range of product options, makes metropolitan cities the key market for quick e-commerce.

Key players operating in the India Quick E-Commerce (Quick Commerce) Market include Grofers, Milkbasket, DailyNinja, Natures Basket, Blinkit, Swiggy Instamart, Zepto, Dunzo, BigBasket, Spencer’s Retail, More Retail, Aaram Shop, CityMall, Otipy, Myra, Bikaji Foods, Amazon Quick Commerce, Tata Neu Super App, JioMart, Flipkart Quick. These players play a significant role in the market by offering a diverse range of products, ensuring competitive pricing, and providing efficient delivery services. With the growing market opportunities, these key players are expected to expand their market presence and contribute to the overall growth of the India Quick E-Commerce (Quick Commerce) Market.

Market Trends:

Increased Focus on Hyperlocal Delivery:

One of the key trends observed in the India Quick E-Commerce (Quick Commerce) Market is the increased focus on hyperlocal delivery. With the aim to provide faster and more efficient delivery services, e-commerce platforms are partnering with local stores and vendors to establish a strong hyperlocal network. This enables them to deliver products to customers within a few hours, enhancing customer satisfaction and loyalty.

Growing Popularity of Social Commerce:

Another emerging trend in the India Quick E-Commerce (Quick Commerce) Market is the growing popularity of social commerce. Social media platforms, such as Instagram and Facebook, have become an integral part of people’s lives, and businesses are leveraging these platforms to promote and sell their products. Quick e-commerce platforms are integrating social commerce features, such as buy buttons and shoppable posts, to enable users to purchase products directly from social media platforms, thus driving the market growth.

Recent Development: 

In January 2022, Zepto expanded its product line by launching Coffee Café Day beverages on its rapid commerce app.

In March 2022, Swiggy insta market began offering 15-30 minutes delivery of fruits and vegetables in Gurugram.

Read complete market research report, “India Quick E-Commerce (Quick Commerce) Market, By Product Category, By Order Value, By Location, By Time-slot, By Payment Mode, and other Segment Forecast 2023-2030“, Published by CoherentMI.

Market Opportunities:

Growing Market Size and Increasing CAGR

The India Quick E-Commerce (Quick Commerce) Market is anticipated to witness a significant growth with a CAGR of 63% during the forecast period of 2023-2030. This rapid growth is primarily attributed to the increasing adoption of e-commerce platforms for quick and convenient shopping by consumers. As per market research, the market size is estimated to reach US$ 652 million in 2023. This emphasizes the immense potential for growth in the quick e-commerce sector in India.

Diverse Product Categories and Order Values

The India Quick E-Commerce (Quick Commerce) Market offers a wide range of product categories catering to diverse consumer needs. The dominating product category is Fruits & Vegetables, followed by Snacks & Beverages, Dairy & Bakery, Staples & Cooking Essentials, Meat & Seafood, Personal care, and Others. This diverse range of product categories provides ample opportunities for retailers and allows them to cater to the evolving preferences and demands of consumers.

The order value segment in the India Quick E-Commerce (Quick Commerce) Market is categorized into Below INR 500, INR 500-1000, INR 1000-1500, and above 1500. Currently, the dominating order value segment is Below INR 500. This reflects the trend of Indian consumers preferring affordable and budget-friendly options for online purchases, leading to the dominance of lower order value segments in the market.

In conclusion, the India Quick E-Commerce (Quick Commerce) Market presents significant market opportunities with its growing market size and increasing CAGR. With diverse product categories, order values, and location preferences, the market offers immense potential for retailers and key players to tap into the evolving consumer demands. The dominance of metropolitan cities and the presence of key players further contribute to the growth of the India Quick E-Commerce (Quick Commerce) Market.

India Quick E-Commerce (Quick Commerce) Market Segmentation:

By Product CategoryFruits & VegetablesSnacks & BeveragesDairy & BakeryStaples & Cooking EssentialsMeat & SeafoodPersonal CareOthersBy Order ValueBelow INR 500INR 500-1000INR 1000-1500Above INR 1500By LocationMetropolitan CitiesTier 1 CitiesTier 2 CitiesRest of IndiaBy Time-slot30 minutes60 minutes90 minutesMore than 90 minutesBy Payment ModeDigital WalletsCredit/Debit CardsCash on DeliveryUPINet Banking

Purchase this premium report now: https://www.coherentmi.com/industry-reports/india-quick-e-commerce-market/buyNow

Top Questions Answered in this Report:

What factors are impeding the growth of the India Quick E-Commerce (Quick Commerce) Market?What are the primary drivers fueling the growth of the India Quick E-Commerce (Quick Commerce) Market?Which segment stands out as the leading component in the India Quick E-Commerce (Quick Commerce) Market?Who are the key players actively participating in the India Quick E-Commerce (Quick Commerce) Market?Which region is poised to take the lead in the India Quick E-Commerce (Quick Commerce) Market?What is the projected CAGR for the India Quick E-Commerce (Quick Commerce) Market?

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About Us:

At CoherentMI, we are a leading global market intelligence company dedicated to providing comprehensive insights, analysis, and strategic solutions to empower businesses and organizations worldwide. Moreover, CoherentMI is a subsidiary of Coherent Market Insights Pvt Ltd., which is a market intelligence and consulting organization that helps businesses in critical business decisions. With our cutting-edge technology and experienced team of industry experts, we deliver actionable intelligence that helps our clients make informed decisions and stay ahead in today’s rapidly changing business landscape.

Contact Us:

Mr. Shah
Senior Client Partner – Business Development
CoherentMI

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SOURCE Coherent Market Insights

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Huawei Austria Celebrates Five Years of TECH4ALL Nature Conservation at Biodiversity Forum

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VIENNA, Oct. 10, 2024 /PRNewswire/ — Huawei hosted the Innovations for Biodiversity Forum this week to commemorate the fifth anniversary of Huawei’s TECH4ALL digital inclusion initiative and share insights into how technology is revolutionizing biodiversity protection.  

Launched in 2019 and aligned with the UN Sustainable Development Goals, TECH4ALL leverages technology and partnerships to create a positive impact in four domains: environment, education, health, and development. In the environment domain, Huawei TECH4ALL has run nature conservation projects in 53 protected areas with global and local partners in forest, wetland, and ocean ecosystems around the world.

“Over the past five years, Huawei’s TECH4ALL program has demonstrated how technology can be a powerful force for good, addressing global challenges in environmental protection, education, and digital inclusion,” said Harvey Zhang, CEO of Huawei Austria.

The Innovations for Biodiversity Forum focused on TECH4ALL nature conservation projects in Europe, including findings of biodiversity monitoring in the wetland ecosystem around Austria’s Lake Neusiedl.

The quality of the reed bed habitats in this ecosystem is declining, negatively impacting amphibian species, mammals, and bird life. Since 2021, audio monitoring devices have collected more than 2 million individual audio files of 69 bird species.

This vast dataset will help develop a conservation management plan for the ecosystem, including controlled fire management to rejuvenate aging reed beds and strengthen overall biodiversity by understanding the habitat preferences of the individual species studied.

“Hardly any reed harvesting has been done in recent decades, which has had a negative impact on the state of the reed belt. The study investigated whether targeted fires could have an effect similar to that of harvesting. To do this, areas that show different age conditions due to fires were compared,” said Dr. Christian Schulze from the Department of Biodiversity Research at the University of Vienna. “The research showed that older reed beds harbor the greatest diversity of bird species. However, the analysis of individual species also shows that controlled reed fires have positive aspects.”

The forum explored a similar TECH4ALL monitoring project in Poland to build a more complete picture of biodiversity in the Białowieża National Park ecosystem, also with the aim of developing targeted conservation measures.

Greek startup PROBOTEK introduced a forest fire-prevention solution that uses sensors, drones, AI, and 5G to detect and transmit real-time video-footage of fire risks, which are on the rise in parts of Europe due to climate change and rising temperatures. The project is designed to enable emergency response in the first ‘golden 15 minutes’ of a forest fire being detected, notify residents of evacuation routes, and plan routes for fire trucks and ambulances.

The forum also looked at the success of an AI-based filtering system designed to protect Norway’s wild Atlantic salmon from possible extinction due to the invasive pink salmon species. The pilot project in 2023 successfully filtered out 6,000 invasive salmon, and expectations are high that the solution, the world’s first of its type, can be scaled out across Norway’s river systems.

On day two of the forum, the media delegation in attendance visited Lake Neusiedl to learn how the TECH4ALL solution works in practice and the transformative effect that intelligent digital technologies can have on nature conservation.

About Huawei TECH4ALL

TECH4ALL is Huawei’s long-term digital inclusion initiative. Enabled by innovative technologies and partnerships, TECH4ALL aims to promote inclusion and sustainability in the digital world.

For more information, visit the Huawei TECH4ALL website: https://www.huawei.com/en/tech4all 

Follow us on X at:
https://twitter.com/HUAWEI_TECH4ALL

SOURCE Huawei

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Astellas to Present VEOZA™ (fezolinetant) Data at IMS World Congress on Menopause

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TOKYO, Oct. 10, 2024 /PRNewswire/ — Astellas Pharma Inc. (TSE: 4503, President and CEO: Naoki Okamura, “Astellas”) announced that VEOZA™ (fezolinetant)*, its first-in-class treatment for moderate to severe vasomotor symptoms (VMS) associated with menopause, will be featured in four oral and two poster presentations during the International Menopause Society (IMS) 19th World Congress on Menopause in Melbourne, Australia, October 19-22. VMS, also known as hot flashes and/or night sweats, are common symptoms of menopause.1,2  

Marci English, Vice President, Head of BioPharma Development, Astellas

“Astellas is committed to advancing innovative science, and the data at the World Congress on Menopause further our understanding of how VMS impacts individuals and women’s preferences for treatment. In addition, we are excited to share trial design for our recently initiated HIGHLIGHT study assessing fezolinetant for the treatment of moderate to severe VMS in patients with breast cancer taking adjuvant endocrine therapy.”

Emad Siddiqui, M.D., Vice President, Head of Specialty Therapeutic Area for Medical Affairs, Astellas

“We are dedicated to continuing to expand the knowledge about fezolinetant beyond the pivotal trials. Our presentations at the World Congress on Menopause encompass a broad range of clinical and health-related quality of life analyses that further highlight the safety and efficacy of fezolinetant, as well as its positive impact on patient-reported outcomes including sleep and productivity at work.”

Fezolinetant data will be featured in four oral and two poster presentations:

Two oral presentations from the SKYLIGHT 1 and 2 studies focus on patient-reported sleep outcomes and impact on work productivity with fezolinetant (Menopause New Treatments 1 and 2; Monday, Oct. 21, 3:50-5:20 p.m.; A. Cano and R. Nappi, respectively).Two oral presentations from the DAYLIGHT study highlight response and quality of life in women treated with fezolinetant who are unsuitable for hormone therapy (Menopause New Treatments 1; Monday, Oct. 21, 3:50-5:20 p.m.; A. Hirschberg and M. Shapiro, respectively).Poster highlights analyses of clinical and nonclinical data demonstrating no association between fezolinetant treatment and incidence of malignant neoplasm (P073; Sunday, Oct. 20, 7:40-9 p.m.; M. Shapiro).Poster reviews study design for the recently initiated HIGHLIGHT 1 phase 3 clinical study designed to evaluate the efficacy and safety of fezolinetant for the treatment of moderate to severe VMS in women with stage 0 to 3 hormone receptor-positive breast cancer receiving adjuvant endocrine therapy (P055; Sunday, Oct. 20, 7:40-9 p.m.; P. Briggs).

Two additional oral presentations highlight Australian women’s preferences for treatment of VMS associated with menopause and results of a literature review designed to identify and characterize concepts relevant to individuals’ experiences of VMS with a goal of informing the development of a culturally sensitive self-assessment tool for VMS.

*VEOZA: Approved as “VEOZAH™” in U.S.

About the BRIGHT SKY™ Phase 3 Program

The BRIGHT SKY pivotal trials, SKYLIGHT 1™ (NCT04003155) and SKYLIGHT 2™ (NCT04003142), enrolled over 1,000 menopausal women with moderate to severe VMS. The trials are double-blinded, placebo-controlled for the first 12 weeks followed by a 40-week treatment extension period. Women were enrolled at over 180 sites within the U.S., Canada and Europe. SKYLIGHT 4™ (NCT04003389) is a 52-week double-blinded, placebo-controlled study designed to investigate the long-term safety of fezolinetant. For SKYLIGHT 4, over 1,800 menopausal women with VMS were enrolled at over 180 sites within the U.S., Canada and Europe.

About DAYLIGHT

DAYLIGHT (NCT05033886) is a Phase 3b, randomized, double-blind, placebo-controlled, 24-week study to assess the efficacy and safety of fezolinetant in menopausal women aged 40-65 suffering from moderate to severe VMS and considered unsuitable for hormone therapy. A total of 453 women were enrolled at 69 sites in Canada, Europe and Turkey.

About HIGHLIGHT 1™

HIGHLIGHT 1 (NCT06440967) is a randomized, placebo-controlled, double-blind, Phase 3 clinical study to assess the efficacy and safety of fezolinetant for the treatment of moderate to severe VMS in women with stage 0 to 3 hormone receptor-positive breast cancer who are receiving adjuvant endocrine therapy. Approximately 540 participants are planned to be randomized 1:1 to fezolinetant or placebo at up to 100 sites in Europe and Canada. The four coprimary endpoints are change in the frequency and severity of moderate to severe VMS from baseline to weeks 4 and 12. Patients will be treated for 52 weeks with a final evaluation at 55 weeks.

About VEOZA™ (fezolinetant)

VEOZA (fezolinetant) is a nonhormonal neurokinin 3 (NK3) receptor antagonist indicated in Australia for the treatment of moderate to severe vasomotor symptoms (hot flashes and night sweats) associated with menopause. VEOZA works by blocking neurokinin B (NKB) binding on the kisspeptin/neurokinin/dynorphin (KNDy) neuron to modulate neuronal activity in the brain’s temperature control center (the hypothalamus) to reduce the number and intensity of hot flashes and night sweats.3,4,5 

Important Safety Information

The full Australian Product Information and Australian Public Assessment Report (AusPAR) for fezolinetant is available from the Australian Government Therapeutic Goods Administration. 

About Astellas

Astellas Pharma Inc. is a pharmaceutical company conducting business in more than 70 countries around the world. We are promoting the Focus Area Approach that is designed to identify opportunities for the continuous creation of new drugs to address diseases with high unmet medical needs by focusing on Biology and Modality. Furthermore, we are also looking beyond our foundational Rx focus to create Rx+® healthcare solutions that combine our expertise and knowledge with cutting-edge technology in different fields of external partners. Through these efforts, Astellas stands on the forefront of healthcare change to turn innovative science into VALUE for patients. For more information, please visit our website at https://www.astellas.com/en.

Cautionary Notes

In this press release, statements made with respect to current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Astellas. These statements are based on management’s current assumptions and beliefs in light of the information currently available to it and involve known and unknown risks and uncertainties. A number of factors could cause actual results to differ materially from those discussed in the forward-looking statements. Such factors include, but are not limited to: (i) changes in general economic conditions and in laws and regulations, relating to pharmaceutical markets, (ii) currency exchange rate fluctuations, (iii) delays in new product launches, (iv) the inability of Astellas to market existing and new products effectively, (v) the inability of Astellas to continue to effectively research and develop products accepted by customers in highly competitive markets, and (vi) infringements of Astellas’ intellectual property rights by third parties. Information about pharmaceutical products (including products currently in development) which is included in this press release is not intended to constitute an advertisement or medical advice.

References

1 Utian WH. Psychosocial and socioeconomic burden of vasomotor symptoms in menopause: a comprehensive review. Health Qual Life Outcomes. 2005;3:47.

2 Jones RE, Lopez KH, eds. Human Reproductive Biology. 4th ed. Waltham, MA: Elsevier, 2014:120.

3 Depypere H, Timmerman D, Donders G, et al. Treatment of menopausal vasomotor symptoms with fezolinetant, a neurokinin 3 receptor antagonist: a phase 2a trial. J Clin Endocrinol Metab. 2019;104:5893-5905. 

4 Fraser GL, Lederman S, Waldbaum A, et al. A phase 2b, randomized, placebo-controlled, double-blind, dose-ranging study of the neurokinin 3 receptor antagonist fezolinetant for vasomotor symptoms associated with menopause. Menopause. 2020;27:382-392. 

5 Fraser GL, Hoveyda HR, Clarke IJ, et al. The NK3 receptor antagonist ESN364 interrupts pulsatile LH secretion and moderate levels of ovarian hormones throughout the menstrual cycle. Endocrinology. 2015;156:4214-4225.

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SOURCE Astellas Pharma Inc.

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MPP&E Capital selects Edgefolio to power hedge fund investor portal

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The firm will leverage Edgefolio to launch its systematic quantitative strategy hedge fund.

LONDON, Oct. 10, 2024 /PRNewswire/ — Edgefolio Group (“Edgefolio”) today announced that MPP&E Capital (“MPP&E”), a London-based hedge fund, is now live on Edgefolio’s all-in-one investor relations platform for hedge funds. The firm will benefit from a dedicated hedge fund investor portal, with transparent performance reporting, comprehensive communication tools, CRM, and virtual data room – all within a single platform.

MPP&E Capital specialises in the development and implementation of systematic trading strategies and derives alpha from multiple asset classes, with an investment philosophy rooted in disciplined research and rigorous analysis. The team is led by professionals with experience in quantitative hedge funds, private equity, and academic research. 

“We want to focus this unique team on driving alpha generation, but like many new hedge fund launches, we found ourselves grappling with a large number of vendors needed to get up and running, and wanted to ensure an institutional standard of operations from day one,” said Marton Peter Price, Co-founder and Fund Manager of MPP&E Capital. “With Edgefolio, we have been able to tick many key boxes with a single solution, allowing us to communicate with investors in a modern, efficient, and transparent way to the highest standard for both us and our investors, with holistic engagement analytics. We are starting out with a robust investor relations operation which sets us up to succeed in scaling over the next 12+ months”.

MPP&E is expected to launch with SMA allocations in Q4 2024 and for comingled fund investors in Q1 2025. Edgefolio is SaaS technology, and MPP&E was live in under a month.

“Edgefolio supports a wide range of hedge funds, from large established firms to those that are pre-launch and looking to support early-stage fundraising”, said Rowen Pillay, CEO and Co-founder, Edgefolio. “MPP&E is now using the same technology used by some of the world’s largest cap intro teams, even before they launch. From an operational perspective, this positions them to deliver an excellent investor experience from the outset, to raise and retain capital efficiently, and to scale rapidly as they achieve their goals”.

About MPP&E Capital

MPP&E Capital is a multi-strategy systematic quantitative hedge fund based in London, UK, specialising in the development and implementation of proprietary trading strategies. They derive alpha from various asset classes with a focus on volatility strategies, US equities, US equity derivatives and quantitative macro. Their investment philosophy is rooted in disciplined research and rigorous analysis. MPP&E Capital offers investment management services of assets on behalf of institutional and high net worth professional investors.

About Edgefolio

Edgefolio delivers market leading SaaS technology for hedge funds, investment banks, prime brokerages, and third-party marketers.

Hedge funds use Edgefolio to digitise their fund marketing and investor relations through the investor portal, CRM, email campaigns, and data room with digital analytics and reporting.

Banks and third-party marketers use Edgefolio to digitise their capital introductions and fund marketing operations, providing investor access to a fund repository with digital introduction requests, as well as CRM, content distribution and email marketing.

Contact details

MPP&E Capital
Rebeka Gaal
Investor Relations and Business Development Lead
rgaal@mppecapital.com

Edgefolio:
Hannah Smith
Head of Marketing
hannah.smith@edgefolio.com
07803 696380

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