New Delhi, Nov. 7 -- Quick commerce in India is expected to remain intensely competitive in the coming years, while the food delivery segment will continue to serve as the main profit engine for online platforms, noted a report by Bernstein Research.

It stated "Quick Commerce will remain intensely competitive... Food Delivery is the cash machine".

According to the report, the quick commerce (QC) segment caters largely to about 70 million money-rich, time-poor consumers living in dense urban areas who place a high value on convenience.

Bernstein estimates this segment to be a USD 35 billion market by FY30, with QC increasingly taking share from traditional mom-and-pop stores, especially across the top 40 cities.

The report added that m...