India’s online home services market to grow at 22% to hit Rs 88 billion by FY30: report

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India’s online home services market is projected to expand at a compound annual growth rate (CAGR) of 18-22 per cent to reach Rs 85-88 billion by FY30, driven by a growing urban demand for convenience, reliability and speed, a report has said.

Following the widespread adoption of quick commerce, ‘Instant Home Services‘ is emerging as the next frontier in India’s digital economy, aiming to create a new habit loop for time-pressed urban consumers, says consultant firm Redseer.

India’s overall home services market, valued at around Rs 5,100-5,210 billion…



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India’s online home services market to grow at 22% to hit Rs 88 billion by FY30: report



India’s online home services market is projected to expand at a compound annual growth rate (CAGR) of 18-22 per cent to reach Rs 85-88 billion by FY30, driven by a growing urban demand for convenience, reliability and speed, a report has said.

Following the widespread adoption of quick commerce, ‘Instant Home Services‘ is emerging as the next frontier in India’s digital economy, aiming to create a new habit loop for time-pressed urban consumers, says consultant firm Redseer.

India’s overall home services market, valued at around Rs 5,100-5,210 billion…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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