IMO , and again I can be wrong, but quick commerce is no retail for me….it is rather data & technology and use of cheap labour. They are hugely dependent on ability of consumers to shell out the extra buck because of convenience rather than on retail models and strategy.
They are banking on the bucks of investors and affluent consumers…
While the likes of dmart are honing their skills for the long term….
I must give credit to QC companies for their technology and apps…something to adapt and learn…but tech can always be first quickly outsourced and then learnt…
Hence it’s important to understand the QC model but comparing the technicalities apple to apple with likes of dmart may present an unrealistic extremely gloomy picture for the incumbents….
QC companies are thriving today also because incumbents chose to stay away….in a country like India, how many people would graduate to from buying a local Kirana to a local dmart vs from a dmart to a QC app paying extra buck is something to keep track….I am sure dmart management is doing that closely….
Disc. Invested biased & transactions this month as well. Not a buy sell recommendation
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