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Buisness Standard - March 11, 2025

Bharat consumer' is driving India's digital and startup boom: India Inc

magicpin CEO Anshoo Sharma highlighted that 90% of India’s trillion-dollar retail market remains offline, with small and medium merchants gradually embracing digital advertising. He noted that quick commerce is driving offline retail towards delivery, while India is experiencing a ‘golden age’ for startups, with strong technological adoption and innovation
Buisness Standard - March 11, 2025

10% of orders placed through quick food delivery service: Magicpin CEO

magicpin CEO Anshoo Sharma highlighted the platform's role as a restaurant-backed alternative amid tensions with food aggregators. He discussed Magicpin’s expansion and ONDC integration, revealing that 10% of orders come from its quick food delivery service.
Buisness Standard - March 11, 2025

फंडिंग में गिरावट, फिर भी भारतीय स्टार्टअप्स कर रहे धमाल

भारतीय स्टार्टअप इकोसिस्टम फंडिंग की कमी के बावजूद नवाचार और टिकाऊ व्यापार मॉडल पर केंद्रित है। मैजिकपिन के सीईओ अंशु शर्मा ने कहा कि भारत स्टार्टअप्स के स्वर्णिम युग में है, जहां प्रौद्योगिकी और मूल्य सृजन पर निवेश बढ़ रहा है। वहीं, स्नैपडील के सीईओ अचिंत सेतिया ने यूनिकॉर्न बनने को सफलता का मापदंड मानने के बजाय दीर्घकालिक स्थिरता पर जोर दिया।
Financial Express - March 11, 2025

We will never open dark kitchens: magicpin CEO

magicpin CEO Anshoo Sharma confirmed that the company will not operate dark kitchens, positioning it as a restaurant-friendly alternative. He emphasised Magicpin’s commitment to transparently supporting restaurant partners.
IndiaToday - February 15, 2025

Delivery app's 'India's Lost Talent' ad on Ranveer Allahbadia, Samay Raina is viral

magicpin took a jab at India's Got Latent with a cheeky hoarding that read, “India's Lost Talent. Comedy ki limit honi chahiye par discounts ki nahi.” The ad, featuring animated caricatures of the panellists, went viral amid controversy over Ranveer Allahbadia's remarks on Samay Raina's show.
Economic Times - February 15, 2025

Valentine’s Day revenge: Gurgaon woman sends 100 'Cash-On-Delivery' pizzas to ex-boyfriend

A 24-year-old woman from Gurgaon, Ayushi Rawat, took an unusual approach to Valentine's Day revenge by sending 100 cash-on-delivery pizzas to her ex-boyfriend, Yash Sanghvi, in Sector 53. The unexpected prank led to a heated argument between Yash and the delivery personnel, with the incident quickly going viral on social media. Netizens reacted with a mix of amusement and concern, with some laughing at the creative revenge while others criticized th ..
StartupNew - February 14, 2025

magicpin clocks multifold growth in FY24 with improved profitability

magicpin’s revenue surged threefold to ₹870 crore in FY24, with a 30% improvement in cash burn and an adjusted EBITDA margin of -9.8%. Now the third-largest food delivery app, it leads on ONDC and gained double-digit market share in Delhi and Bengaluru. magicpin’s MagicFleet manages 300,000 orders monthly, and its affordable SKU strategy resonates with young users.
Eintrackr - February 11, 2025

Magicpin triples revenue to Rs 870 Cr in FY24, cuts losses

magicpin’s revenue nearly tripled to ₹870 crore in FY24, driven by voucher sales and controlled expenses, reducing losses by 25% to ₹78 crore. It became India’s largest hyperlocal startup and top seller on ONDC, processing over 300,000 orders monthly via MagicFleet. magicpin maintained growth without new funding and aims to scale to 1 million deliveries per month.
Buisness standard - February 11, 2025

magicpin revenue triples to Rs 870 cr in FY24, becomes 3rd largest food app

magicpin’s revenue tripled to ₹870 crore in FY24, with a 30% reduction in cash burn and an improved EBITDA margin of -9.8%. It became the largest food seller on ONDC, processing 1.5 lakh orders daily, and secured over 10% market share in Delhi and Bengaluru. Magicpin expanded partnerships with major food and fashion brands and launched MagicNOW for 15-minute food delivery.