How Quick Commerce via ONDC Network Can Fast Track Your Hyperlocal Commerce Foray

Imagine ordering groceries during your morning coffee and having them delivered by the time you finish your cuppa joy. Quick Commerce, a market that has grown 10X in just two years has made this possible for millions of Indians.?

The convenience, speed, and instant gratification of quick commerce have made life easier in ways we never thought possible — no wonder the quick commerce market in India has witnessed such explosive growth between 2021 and 2023.

Going by the numbers, Quick Commerce spells SUCCESS for enterprises planning to tap the hottest trends in the market.

The forecasts also present a promising outlook for the sector.

Q-Commerce Revenue Growth?

• $3.35 billion forecasted revenue in 2024
• $5.5 billion market value by 2025
• $9.95 billion forecasted revenue by 2029
• 24.33% is the CAGR between 2024-2029

Quick Commerce User Penetration

• 1.8% in 2024
• 4.0% by 2029
• 60.6m users by 2029

Quick Commerce Buying Frequency

• 60%-65%- retention rate of quick commerce buyers
• 30-40 times/month is the order frequency of top q-commerce buyers?

Quick Commerce - The Ground Reality

While quick hyperlocal commerce presents abundant opportunities for enterprise growth, the same is not reflected in the market's number of quick commerce companies.

The reasons are quite obvious. Setting up an inventory-based, fully functional, and streamlined Q-commerce operation remains challenging and requires significant upfront investment.?

Setting up dark stores, stocking inventory, and arranging a fleet of delivery boys for each hyperlocal store means investing millions even before you get a single order.

Despite the immense growth potential, this singular factor has deterred many aspiring enterprises from foraying into the quick commerce segment.

But what if you can break away from the inventory-based model and still enter the Q-commerce arena?

Time to REJIG!

Innovating Quick Commerce -? Fast Hyperlocal Deliveries With A Twist

Imagine a quick commerce set-up where you can manage fast hyperlocal deliveries without the dark stores, huge inventories, and deploying a fleet of delivery agents. The concept clears the biggest roadblock in experimenting with the Q-commerce model.

But how is this possible?

By building your white-labeled Quick Commerce Ecosystem on the ONDC Network through Mystore.

Why take the Quick commerce route through ONDC Network and Mystore?

Let's make things simpler by charting and comparing the quick commerce journey the traditional way and through the open network:

Inventory-Based Quick Commerce Set Up

To launch a quick commerce brand using the traditional approach, brands need to follow the steps given below:

1. Set Up Dark Stores
2. Source/Stock Inventory in each dark store
3. Streamline Delivery Boys to deliver in each location
4. Build Website + App
5. Go to Market in a few months

Dealer-Based Quick Commerce Marketplace Set Up With ONDC Network +Mystore

Alternatively, brands foraying into the quick commerce market can build a dealer-powered quick commerce marketplace through ONDC Network and Mystore in four simple steps as below:

1. Register on ONDC Network via Mystore
2. Build ONDC Network Compliant Quick Commerce Marketplace
3. Onboard Partner Dealers and Delivery Boys
4. Start Selling Within Days

The hyperlocal-first ONDC network and ONDC-compliant Seller Manager Solutions from Mystore drastically reduce your costs and time to market, providing cutting-edge solutions that enable you to compete on an equal footing with current market giants.?

Also, you don’t need to burn money upfront. With hyperlocal dealer partners onboard your hassle of setting up dark stores, stocking inventory, and arranging for delivery agents is automatically taken care of.

Quick Commerce Set-Up- Traditional vs. ONDC Network + Mystore

The following comparison table highlights key differences in setup, costs, and time to market between the two methods of launching a quick commerce brand.

How To Build Your Whitelabelled Quick Commerce Ecosystem With Mystore

Mystore offers a comprehensive ONDC-compliant marketplace solution to set up your branded quick commerce ecosystem. The additional benefit of leveraging the open network is that your QuickCommerce brand gets instant visibility and multiple buyer apps increasing your reach manifold and offering you multiple touchpoints.

Here is how your enterprise brand can build its own QuickCommerce brand in no time with Mystore and ONDC Network.

Build A Branded Quick Commerce Store

Set up your ONDC-compliant quick commerce store with your domain. Get a unique QR code for your brand store and onboard hyperlocal dealer partners from different locations to fulfill orders.

Build Your Quick Commerce Apps

Give your buyers the convenience of shopping across multiple channels. Boost your conversions by building your branded Android and iOS apps with Mystore’s m-commerce solutions.?

Complete Seller Manager Solutions

Easily manage your dealer network with comprehensive solutions to onboard and manage distributors as sellers. Create a master catalog of the complete inventory from your dealers and route the orders from the nearest dealer to your customers’ location.

Do Away With Dark Stores

Save CapEx on setting up dark stores by leveraging your dealer's warehouses, inventory and staff to fulfill orders. Manage all dealer warehouses through a central admin and integrate best-in-breed warehouse solutions for transparency and control.

Different Location-Specific Stores

Set up different stores for different cities or PIN codes and display products available from distributors in that given location. Give a location-specific look and feel to each store to boost engagement and conversions.

Hyperlocal Logistics Integrations

Switch between on-network or off-network last-mile logistics providers to streamline hyperlocal deliveries. Alternatively, manage the dealers’ fleets of delivery boys with built-in solutions for hyperlocal delivery boy management.

Discount Engine And Marketing Tools

Use Mystore’s built-in discount engine to strategize your marketing with a variety of discounts and coupons. Optimize your product pages with inbuilt SEO solutions for better on-page SEO. Leverage the headless APIs to integrate your preferred marketing solutions for growth hacking.

Reporting And Analytics

Access detailed reports and analytics about your business performance and KPIs. Make strategic decisions based on data-driven insights to chart an upward growth trajectory.

Conclusion

Building your quick commerce ecosystem has never been easier. By leveraging the ONDC Network and Mystore’s cutting-edge solutions your enterprise brand can establish a quick commerce presence in no time. Using a host of powerful features you can effortlessly manage your dealer network, delivery agents, inventory, orders, marketing, and much more.

Ready to disrupt the Quick Commerce space? Join the ONDC Network and rest assured, Mystore has everything you need to nail hyperlocal ecommerce.?