About Magicpin
Magicpin is a company based in Gurugram (India) founded in 2015. It operates as a B2C. Magicpin has raised $104.41 million across 10 funding rounds from investors including Zomato, Lightspeed Venture Partners and Hindustan Media Ventures. The company has 414 employees as of March 31, 2023. Magicpin operates in a competitive market with competitors including Groupon, Little Internet, NearBuy, Tapzo and DealsAndYou, among others.
- Headquarter Gurugram, India
- Employees 414 as on 31 Mar, 2023
- Stage Minicorn
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Sectors
Retail
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Phone
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Website
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Social
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- Legal Name Samast Technologies Private Limited
- Date of Incorporation 25 May, 2015
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$37.82 M (USD)31.4as on Mar 31, 2023
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Net Profit
-$13.74 M (USD)21.18as on Mar 31, 2023
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EBITDA
-$15.52 M (USD)14.18as on Mar 31, 2023
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Total Equity Funding
$104.41 M (USD)
in 10 rounds
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Latest Funding Round
$212.63 K (USD), Angel Round
Jan 28, 2022
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Investors
Zomato
& 27 more
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Employee Count
414
as on Mar 31, 2023
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Funding Insights of Magicpin
Magicpin has successfully raised a total of $104.41M across 10 strategic funding rounds. The most recent funding activity was a Angel Round of $212.63 thousand completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Magicpin
Magicpin has secured backing from 28 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Zomato, Lightspeed Venture Partners and Hindustan Media Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investing in innovative startups across technology sectors.
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Single family office investing in multiple sectors
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Investor details for Magicpin
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Investments & Acquisitions by Magicpin
Investment portfolio details for Magicpin
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Financial Statements - Magicpin
Detailed financials for Magicpin
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Magicpin Comparisons
Peer comparison for Magicpin
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Competitors of Magicpin
Magicpin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Groupon, Little Internet, NearBuy, Tapzo and DealsAndYou, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online marketplace offering deals on multi-category products and services
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Hyperlocal deals are aggregated via a mobile app platform.
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Deals and coupons from nearby merchants are aggregated online.
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Provider of sustainable smart business cards
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Online shopping platform with local deals
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Detailed competitors of Magicpin
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Latest news on Magicpin
Complete news archive for Magicpin
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Frequently Asked Questions about Magicpin
Magicpin was founded in 2015.
Magicpin is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Magicpin is a funded company, having raised a total of $104.41M across 10 funding rounds to date.
As of Mar 31, 2023, the latest employee count at Magicpin is 414.
Annual revenue of Magicpin is $37.82M as on Mar 31, 2023.
Magicpin, founded in 2015 in Gurugram, India, focuses on engaging in retail operations, consumer services, offering loyalty programs, and rewards platforms. Offers a platform that rewards customers for visiting partner businesses. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Magicpin's top competitors include Tata Digital, Groupon and NearBuy.
Magicpin has 28 investors. Key investors include Zomato, Lightspeed Venture Partners, Hindustan Media Ventures, Lightspeed India, and Samsung Venture Investment.
The valuation of Magicpin is $323.18M as of Jan 2022.