India quick commerce still has room to grow despite rising competition: UBS

Navin Killa, Head of APAC Telecommunications, Media & Internet at UBS Investment Bank said quick commerce has not yet reached a stage where only the strongest players will survive. Discounting, he added, remains a customer acquisition tool, particularly for first-time users who may still be hesitant to try the format. India’s quick commerce market still has enough demand to absorb a significant rise in infrastructure, despite concerns around overcrowding in large cities, according to Navin Killa, Head of APAC Telecommunications, Media & Internet at UBS Investment Bank. Speaking on the sidelines of UBS’ Asian Investment Conference 2026 in Hong Kong,…