In the fast-paced realm of quick commerce (Q-commerce), where speed is the essence, a different kind of race is underway—one for top leadership talent.
As players like Swiggy Instamart, Zepto, Blinkit, and Flipkart vie for supremacy, they’re not just competing on delivery times; they’re poaching seasoned executives, offering eye-popping salaries, and building robust leadership teams.
The Talent Tug-of-War
Recruiters and industry insiders report rampant poaching. Companies are dangling salaries in the range of Rs 2-3 crore (approximately $270,000 to $400,000) along with substantial stock options to lure top talent.
The stakes are high as these firms race to dominate the Q-commerce landscape.
Despite the challenging funding environment, Q-commerce remains an attractive sector. Well-funded companies are aggressively expanding their Q-commerce businesses and are willing to invest in the right leaders.
It’s a rare oasis of capital infusion amidst the broader funding crunch.
Suddenly, senior leaders find themselves with abundant opportunities. Those who were previously priced out of the market or lacked options due to scale limitations are now in demand.
The explosion of Q-commerce has turned the job market around.
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Quick Commerce Success in India
Contrary to global tales of similar models faltering, Q-commerce has thrived in India. Here are some key points:
Strategy consulting firm Redseer predicts that the gross merchandise value (GMV) of the Q-commerce industry in India will surge at a compound annual growth rate (CAGR) of 40-45% over the next three years.
Blinkit, Swiggy Instamart, and Zepto lead the pack. Flipkart’s Q-commerce service, Minutes, has recently launched in Gurgaon after Bengaluru.
BigBasket is transitioning to a fully quick-delivery model, while Amazon plans to introduce its Q-commerce offering in India next year.
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The Hiring Front
Zepto, Swiggy Instamart, and Flipkart are on a hiring spree. They’re actively scouting for leadership talent to fuel their growth. Amazon, though present, isn’t yet making big waves in this area.
As one of the most fertile poaching grounds due to its massive operations, Flipkart faces a delicate balancing act. While it may shuffle senior personnel internally, it also needs fresh hires to maintain its competitive edge.
Industry insiders predict that Flipkart will likely lose more talent to rival companies in the coming months
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