Global

Country dominance + India read-across

How India's retail formats compare to the rest of the world, who leads each segment, and what the read-across implies for the listed Indian universe.

Country dominance by format

Format	US	China	SEA	EU	LatAm	India
Quick Commerce	Medium	High	Medium	Medium	Low	Rising
Food Delivery	High	High	High	High	High	High
E-Commerce	High	Dominant	Medium	High	Medium	Rising
Modern Trade	Dominant	High	Medium	Dominant	Medium	Low
D2C	High	Medium	Low	Medium	Low	Rising
Logistics 3PL	Dominant	High	Medium	Dominant	Medium	Rising

Quick Commerce

Gopuff (US)Getir (TR)Meituan Instashopping (CN)Blinkit (IN)Instamart (IN)

India read-across: India is the most aggressive q-comm market globally — 30-min delivery is the new normal.

Food Delivery

DoorDash (US)Uber Eats (US)Meituan (CN)Deliveroo (UK)Eternal/Swiggy (IN)

India read-across: India duopoly economics now best-in-class on take rate, but trail US peers on absolute order density.

E-Commerce — Horizontal

Amazon (US)Walmart/FlipkartAlibaba (CN)Pinduoduo (CN)Coupang (KR)

India read-across: Flipkart and Amazon India are private; horizontal exposure via JioMart sits inside RIL.

E-Commerce — Vertical

Sephora (Beauty)Chewy (Pets)Wayfair (Furniture)Carvana (Auto)Nykaa (IN)

India read-across: Nykaa and FirstCry are the listed analogues — pure-play vertical economics.

Modern Trade — Grocery

Walmart (US)Costco (US)Tesco (UK)Lidl (EU)Carrefour (FR)

India read-across: DMart's per-store throughput already in the global top quartile.

Modern Trade — Fashion

Inditex/Zara (ES)H&M (SE)Uniqlo/Fast Retailing (JP)Primark (UK)Trent/Zudio (IN)

India read-across: Zudio is increasingly compared to Primark + Uniqlo on value-fashion store throughput.

QSR

McDonald's (US)Starbucks (US)Yum Brands (US)Restaurant Brands InternationalDomino's (US)

India read-across: India franchisees (Westlife, Sapphire, Devyani, Jubilant) earn lower margins than parents but higher growth.

Logistics — 3PL

FedEx (US)UPS (US)DHL (DE)Maersk (DK)Delhivery (IN)

India read-across: Delhivery is India's only listed pure-play. Cost-per-shipment converging with global benchmarks.