Magicpin raised Rs 29.3 Cr form Lightspeed & Others


Offline discovery & rewards platform Magicpin raised Rs 29.3 cr led by Lightspeed Venture Partners, where Moonstone Investments, WaterBridge Venture, The Bunting Family Private Fund LLC & Srivatsan Rajan also participated Magicpin uses a social & gamified approach of using user-generated pictures and videos to help discover retailers and brands, where consumers earns reward points for to shop at partnered retail outlets, buy specific brands Since its core business is almost nil due to Covid-19 pandemic, Magicpin had ventured into the delivery of essentials and groceries.

Magicpin's presence also launched internationally in Indonesia last year, claims to have 5 million users, and is live in Delhi, Gurugram, Noida, Bengaluru, Mumbai, Pune, Hyderabad, Chandigarh, Jaipur, Goa, Chennai & Ahmedabad

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