People have been returning to stores, supermarkets and restaurants as Covid infections have continued to fall. Zomato, BigBasket, Ecom Express, Shadowfax and Swiggy are beefing up their delivery fleets. Insiders estimate that 400,000 delivery jobs will be up for grabs in the next 90 days. India’s quick commerce market is about to grow 15 times in size and touch $5.5 billion by 2025. “We expect that macro headwinds and compressions in global public markets are likely to have a trickle-down impact over the next couple of quarters. However, this is likely to reflect more in the quality of deals vs. overall capital deployment,” said Sai Deo, an associate partner in Bain & Company’s private equity practise and co-author of the report. Read More…