Quick commerce finds it footing amid funding winter, now needs to scale

The sector has fared well both on the fund raising front and on operational performance

While the funding winter has impacted startups across sectors, one area that was expected to take the biggest hit, but surprisingly managed to survive and thrive is the quick commerce segment.

As far as funding goes, the segment managed to garner sufficient investor interest. According to data from market intelligence platform Tracxn, the quick commerce sector raised $1.1 billion across three deals between January and November this year. This amount is close to the $1.3 billion it raised in four deals during the same period last year.

The second parameter is actual operations. Since Zomato is the only listed entity