India, June 26 -- Swiggy cofounder and CEO Sriharsha Majety expects the Indian quick commerce market to become a $30 Bn to $40 Bn opportunity in the next three to five years.

He also said that the quick commerce space can see a higher degree of consolidation going forward.

"At this point, the quick commerce market is headed towards a $30 Bn to $40 Bn size in three to five years. That size can support more than two players, but it is unlikely that it can support five to six players," Majety said while responding to a question at an investor event organised by Prosus in London.

He also asserted that the foodtech major's quick commerce arm, Instamart, is eyeing overall contribution margin breakeven between October 2025 and December 2025. ...