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]
Company type | Private |
|---|---|
| Industry | E-commerce |
| Founded | 2015 |
| Founders | Anshoo Sharma, Brij Bhushan |
| Headquarters | Gurugram, Haryana, India |
Number of locations | 275,000+ stores[1] |
Area served | India |
Key people | Anshoo Sharma (Co-founder and CEO) |
| Divisions | magicNOW, magicOrder |
| Website | magicpin |
History
editThe 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
editReferences
edit- ↑ "Magicpin adds 6,000 stores in FY25, drives 120 million fashion sales". Entrackr. Retrieved 2 June 2026.
- ↑ "Magicpin News and Updates". The Economic Times. Retrieved 2 June 2026.
- ↑ "Magicpin to invest Rs 100 crore to onboard new food delivery partners on ONDC". Business Standard. 28 July 2024. Retrieved 2 June 2026.
- ↑ "Magicpin CEO Anshoo Sharma goes out on bike to deliver food on New Year's Eve". Moneycontrol. 2 January 2025. Retrieved 2 June 2026.
- ↑ "Magicpin launches 15-minute food delivery service". The Financial Express. 5 December 2024. Retrieved 2 June 2026.
- ↑ "Magicpin cuts delivery fee amid festive season competition with Zomato, Swiggy". News18. 24 October 2024. Retrieved 2 June 2026.
- ↑ "'Yes Madam? No Madam!' Delivery app jabs YesMadam, offers jobs to laid-off stressed employees". Hindustan Times. 12 December 2024. Retrieved 2 June 2026.
- ↑ "Magicpin's 'India's Lost Talent' ad on Ranveer Allahbadia's obscene joke goes viral". India Today. 12 February 2025. Retrieved 2 June 2026.
- ↑ "Magicpin News and Updates". The Economic Times. Retrieved 2 June 2026.
- ↑ "Magicpin plans to hire 250 in next six months for expansion". NDTV Profit. Retrieved 2 June 2026.
- ↑ "Hyperlocal startup Magicpin raises $7 million from Lightspeed, Waterbridge". Moneycontrol. 31 May 2017. Retrieved 2 June 2026.
- ↑ "About Us". magicpin. Retrieved 2 June 2026.
- ↑ "Magicpin launches 15-minute food delivery service". The Financial Express. 5 December 2024. Retrieved 2 June 2026.
- ↑ "Magicpin's logistics service MagicFleet targets 2 million monthly deliveries by FY26-end". The Times of India. 19 June 2025. Retrieved 2 June 2026.