• Chethan Machaknur

Magicpin raises $7 mn from Samsung Venture


Hyperlocal discovery platform magicpin raised $7 mn from Samsung Venture Investment Corporation (SVIC), Lightspeed and WaterBridge.


Magicpin enables consumers to save on their retail spending across food, fashion, beauty, grocery, and pharmacies, and provides a marketing solution to large/small retailers as well as manufacturing brands.The company said it will offer an AI-powered list-based ordering system, which will be similar to how customers order from grocery or pharmacy stores over phone or WhatsApp.


Anshoo Sharma Co-founder and CEO, Magicpin said, "The investment from Samsung Venture Investment Corporation will be used in our operations across cities, markets, categories, and for developing online products like magicStore."

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