IMHO i feel it's a temporary success for quick commerce folks, long term sustainability of these companies is highly doubtful. The reason is i don't see profit generation at UE level, ticket level as their opex is really high and when will they really break even making money for investors is what matters.
The same was said for food delivery. They're making profits now. Are you married? If yes, you'd know how invaluable this service is to women. Regardless of their status as a working woman or a home maker. Once people are used to a service, they don't go back.
@@polkebol I agree with the behaviour change which is brought in people however when it's going to become expensive the road ahead is not so easy(higher minimum order value, dark tactics applied, higher purchases) remember Indians are highly price conscious so people will stop and figure out an alternative which is something else or going back to the old style of buying stuff from local stores which are 100-200 meters away from our homes for emergencies and plan to buy from Dmart, Metro, Reliance Smart, Flipkart/Amazon grocery etc which offer far more value in terms of pricing, option/varieties and offerings. Yes I'm married used to order food from the early days nd we order food only when either of us can't really make anything or are really tired. I personally believe that time is going to tell us the reality and my opinion is based on some understanding of UE and other things which I mentioned earlier. I don't like to apply blanket statements based on some other industry and besides currently it's a RACE going on so every one wants to be ahead and you see the kind of investment going on is bcuz of that. Anyways all the best for your channel nd future.
I agree with unit economics. But these companies will continue to burn cash until they achieve habit formation in people like us. Both online and offline retail is going to prosper, but kiranas may not survive in these numbers. Dmart will. They have the pockets. Also, as mentioned, going out and buying things is possible only in tier 2 and 3 cities and below. Tier 1 cities are riddled with pollution, encroachment and traffic jams. It's not pretty! Quick commerce solves for that. Let it be expensive. It is saving me from going down! Urban upper middle class folks are prisoners of their gated colonies. And that's a privilege.
Why do Kiranas DESERVE to survive? Ban cars too and let's bring back horse carts. Everyone needs to adapt to changing times. Although crony big business practices also need to be countered via sensible regulations.
Kiranas should start home delivery for 50 plus year old who are not tech savy to increase there sales
Exactly. They need to adapt.
IMHO i feel it's a temporary success for quick commerce folks, long term sustainability of these companies is highly doubtful. The reason is i don't see profit generation at UE level, ticket level as their opex is really high and when will they really break even making money for investors is what matters.
The same was said for food delivery. They're making profits now.
Are you married? If yes, you'd know how invaluable this service is to women. Regardless of their status as a working woman or a home maker.
Once people are used to a service, they don't go back.
@@polkebol
I agree with the behaviour change which is brought in people however when it's going to become expensive the road ahead is not so easy(higher minimum order value, dark tactics applied, higher purchases) remember Indians are highly price conscious so people will stop and figure out an alternative which is something else or going back to the old style of buying stuff from local stores which are 100-200 meters away from our homes for emergencies and plan to buy from Dmart, Metro, Reliance Smart, Flipkart/Amazon grocery etc which offer far more value in terms of pricing, option/varieties and offerings.
Yes I'm married used to order food from the early days nd we order food only when either of us can't really make anything or are really tired. I personally believe that time is going to tell us the reality and my opinion is based on some understanding of UE and other things which I mentioned earlier. I don't like to apply blanket statements based on some other industry and besides currently it's a RACE going on so every one wants to be ahead and you see the kind of investment going on is bcuz of that.
Anyways all the best for your channel nd future.
I agree with unit economics. But these companies will continue to burn cash until they achieve habit formation in people like us.
Both online and offline retail is going to prosper, but kiranas may not survive in these numbers. Dmart will. They have the pockets.
Also, as mentioned, going out and buying things is possible only in tier 2 and 3 cities and below. Tier 1 cities are riddled with pollution, encroachment and traffic jams. It's not pretty! Quick commerce solves for that.
Let it be expensive. It is saving me from going down! Urban upper middle class folks are prisoners of their gated colonies. And that's a privilege.
Absolute trash talks. It is a question of finding niche and ensuring Kirana to provide a service that will be able to survive
Why do Kiranas DESERVE to survive? Ban cars too and let's bring back horse carts. Everyone needs to adapt to changing times.
Although crony big business practices also need to be countered via sensible regulations.