Speaking at the fifth edition of #TheD2Csummit2024 organised by Inc42, Future Group India's founder Kishore Biyani said that the advent of quick commerce has the potential to change the Indian retail industry in the upcoming future

"From my understanding, quick commerce is changing the rules of the retail game. I have a deep interest in quick commerce and have been visiting multiple dark stores in recent times. Even though it is a young business vertical, it has potential to change the Indian retail sector in the near future. Quick commerce has seen exponential growth, and I see it becoming a INR 100K Cr business in the coming future," he said.

Founded in 1987 by Biyani, Future Group operates supermarket chains Big Bazaar and Food Bazaar and lifestyle stores Brand Factory and Central, among others.

The business mogul's comments come at a time when India's 10-minute deliveries space is taking over the Indian ecommerce realm. The quick commerce market is currently dominated by Zomato's Blinkit, Zepto and Swiggy's Instamart. Flipkart also recently forayed into the quick commerce segment.