Magicpin

magicpin
Company type
Private
IndustryE-commerce
Founded2015
FoundersAnshoo Sharma, Brij Bhushan
HeadquartersGurugram, Haryana, India
Number of locations
275,000+ stores[1]
Area served
India
Key people
Anshoo Sharma (Co-founder and CEO)
DivisionsmagicNOW, magicOrder
Websitemagicpin.in

magicpin is an Indian hyperlocal e-commerce and discovery platform founded in 2015 and headquartered in Gurugram, Haryana.[2][3][4] In 2024, magicpin launched a 15-minute food delivery service and expanded its logistics operations under the brand MagicFleet.[5][6][7][8]

History

The company initially focused on cashback and rewards for purchases made at local stores, restaurants, and shopping outlets. After it expanded into online food delivery, logistics and quick-commerce related services.[9][10] In 2017, magicpin raised US$7 million in Series B funding from Lightspeed Venture Partners.[11] The company later received investment from Zomato[12] In 2024, magicpin launched a 15-minute food delivery service and expanded its logistics operations through its delivery network called MagicFleet.[13][14]

See also

References

  1. ^ "Magicpin adds 6,000 stores in FY25, drives 120 million fashion sales". Entrackr. Retrieved 2 June 2026.
  2. ^ "Magicpin News and Updates". The Economic Times. Retrieved 2 June 2026.
  3. ^ "Magicpin to invest Rs 100 crore to onboard new food delivery partners on ONDC". Business Standard. 28 July 2024. Retrieved 2 June 2026.
  4. ^ "Magicpin CEO Anshoo Sharma goes out on bike to deliver food on New Year's Eve". Moneycontrol. 2 January 2025. Retrieved 2 June 2026.
  5. ^ "Magicpin launches 15-minute food delivery service". The Financial Express. 5 December 2024. Retrieved 2 June 2026.
  6. ^ "Magicpin cuts delivery fee amid festive season competition with Zomato, Swiggy". News18. 24 October 2024. Retrieved 2 June 2026.
  7. ^ "'Yes Madam? No Madam!' Delivery app jabs YesMadam, offers jobs to laid-off stressed employees". Hindustan Times. 12 December 2024. Retrieved 2 June 2026.
  8. ^ "Magicpin's 'India's Lost Talent' ad on Ranveer Allahbadia's obscene joke goes viral". India Today. 12 February 2025. Retrieved 2 June 2026.
  9. ^ "Magicpin News and Updates". The Economic Times. Retrieved 2 June 2026.
  10. ^ "Magicpin plans to hire 250 in next six months for expansion". NDTV Profit. Retrieved 2 June 2026.
  11. ^ "Hyperlocal startup Magicpin raises $7 million from Lightspeed, Waterbridge". Moneycontrol. 31 May 2017. Retrieved 2 June 2026.
  12. ^ "About Us". magicpin. Retrieved 2 June 2026.
  13. ^ "Magicpin launches 15-minute food delivery service". The Financial Express. 5 December 2024. Retrieved 2 June 2026.
  14. ^ "Magicpin's logistics service MagicFleet targets 2 million monthly deliveries by FY26-end". The Times of India. 19 June 2025. Retrieved 2 June 2026.

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