India's quick commerce grows 40% YoY as dark store network expands 48% to 5,026 locations
Blinkit, Instamart and Zepto drove qcom to ₹1.08 lakh crore, expanding dark stores nearly 48% to 5,026 by May 2026 (from 3,405). Digital commerce is projected at ₹8 lakh crore by 2026. FirstClub led June consumer PE deals, taking 43% of ₹12 billion deal value to fund dark-store buildout. Weather-driven food inflation may cap FMCG volume growth at 3-4%.
India's quick commerce grows 40% YoY as Blinkit, Instamart and Zepto expand dark stores 48% to 5,026 locations. Weather-driven food inflation may cap FMCG growth. FirstClub led June consumer PE deals to fund dark-store expansion.