About Magicpin
Magicpin is a Retail company based in Gurugram (India) founded in 2015. It offers a platform that rewards customers for visiting partner businesses. It operates on a B2C model. 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. Magicpin was last valued at $323.18 million in January 2022. Its Indian entity Samast Technologies Private Limited reported revenue of ₹880 Cr. Its focus areas include Consumer Services, Loyalty Programs and Rewards Platforms. Its competitors include Little Internet, NearBuy and Tapzo; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Gurugram, India
- Employees 414
- Stage Minicorn
- SectorsRetail
- Website magicpin.com
- Social LinkedIn X Facebook Instagram
- Legal Name Samast Technologies Private Limited
- Date of Incorporation 25 May, 2015
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹880 Cr
FY 2024 · +180% YoY
- Net Loss-₹107 Cr
FY 2024 · -12% margin
- EBITDA-₹105 Cr
FY 2024 · -12% margin
- Total Equity Funding$104.41M (USD)
in 10 rounds
- Latest Funding Round$212.63K (USD), Angel Round
Jan 2022
- InvestorsZomato
& 27 more
- Employee Count414
Associated legal entities of Magicpin
Magicpin operates through Samast Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Samast Technologies Private Limited CIN U74140HR2015PTC073829 | Active | 25 May 2015 | Gurgaon, Haryana | ₹880 Cr | 414 | 3 | View details |
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.
- Total Funding $104.41M
- Total Rounds 10
- Last Round Angel Round — $212,626
- First Round $3M
(Aug 2015)
- Investors Count 28
All 10 funding rounds of Magicpin with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $212,626 | Angel Round | $323.18M | Abhinav Sinha, Deepak Jain | |
| Nov 2021 | $60M | Series D | $325.83M | Zomato | |
| Sep 2021 | $3M | Series D | $••••• | Lightspeed India, Lightspeed Venture Partners | |
| Aug 2021 | $174,863 | Angel Round | $••••• | Prashant Sarin, Suraj Saharan | – |
| May 2021 | $111,185 | Series D | $••••• | Trifecta Capital | – |
| Jul 2020 | $7M | Series D | $••••• | Samsung Venture Investment | |
| May 2020 | $3.91M | Series C | – | MoonStone Investments, The Bunting Family Private Fund | |
| Oct 2018 | $20M | Series C | $••••• | Lightspeed India | |
| Feb 2017 | $7M | Series B | $••••• | Lightspeed India, Lightspeed Venture Partners | |
| Aug 2015 | $3M | Series A | $••••• | Lightspeed India, Lightspeed Venture Partners |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2022 | $323.18M | •••••••• |
| Nov 2021 | $325.83M | •••••••• |
| Sep 2021 | $••••• | •••••••• |
| Aug 2021 | $••••• | •••••••• |
| May 2021 | $••••• | •••••••• |
| Jul 2020 | $••••• | •••••••• |
| Oct 2018 | $••••• | •••••••• |
| Feb 2017 | $••••• | •••••••• |
Full valuation and stage history of Magicpin
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $323.18M (Jan 2022). 28 investors in total: 15 institutional and 13 angel.
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 |
|---|---|---|---|---|
Venture capital investing in innovative startups across technology sectors. | 2008 | lsip.com | Bengaluru, India | |
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Single family office investing in multiple sectors | Cockeysville, United States | |||
Private debt and equity funds are managed for technology sectors. | trifectacapital.in | Gurugram, India | ||
Early-stage tech investments are focused on by WaterBridge in India. | waterbridge.vc | Delhi, India | ||
Venture capital investments are directed toward startups. | ||||
Investment services are provided for maximizing gains over time. | vycapital.com | Menlo Park, United States | ||
Venture capital investments are made in promising startups. | 1999 | samsungventure.co.kr | Seocho, South Korea | |
Online platform food ordering and delivery service | 2008 | zomato.com | Gurugram, India | |
Investor details for Magicpin
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Samast Technologies Private Limited (Magicpin)
Samast Technologies Private Limited is the primary company behind Magicpin. The board of Samast Technologies Private Limited currently have 3 directors; the longest-serving is Anshoo Sharma, appointed in 2015. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anshoo Sharma DIN 03613435 | Director | 25 May 2015 | 11 yrs 5 mo | Samast Technologies Private Limited |
| Bejul Somaia DIN 00059201 | Director | 21 Aug 2015 | 11 yrs 2 mo | Samast Technologies Private Limited |
| Vivek Gambhir DIN 06527810 | Director | 18 Dec 2018 | 7 yrs 10 mo | Samast Technologies Private Limited |
Financials of Magicpin
Figures of Samast Technologies Private Limited, the primary company behind Magicpin, for FY 2024. Revenue was ₹880 Cr (+180% year on year). Net loss was -₹107 Cr (-12% margin). EBITDA was -₹105 Cr (-12% margin). Revenue has grown at a compounded annual rate of +81% over three years and +60% over five years.
- ₹880 CrRevenue · FY 2024 · +180% YoY
- -₹107 CrNet loss · -12% margin
- -₹105 CrEBITDA · -12% margin
- ₹23.8 LakhPaid-up capital
- 414Employees (provident fund records)
- +81%Revenue CAGR, 3 years
- +60%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Samast Technologies Private Limited are on its company page.
Detailed financial statements for Magicpin
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Magicpin
4 dated milestones of Magicpin across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Magicpin is founded.
- Funding First funding round of $3.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $213K.
Competitors of Magicpin
Magicpin has 3 listed competitors in our database, 3 of them funded. They include Little Internet, NearBuy and Tapzo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| littleapp.in | 2015 | Bengaluru, India | $50M | 1 | Hyperlocal deals are aggregated via a mobile app platform. | |
| nearbuy.com | 2011 | Gurugram, India | $20M | 2 | Deals and coupons from nearby merchants are aggregated online. | |
| tapzo.com | 2010 | Bengaluru, India | $38.74M | 10 | Provider of sustainable smart business cards |
Detailed competitors of Magicpin
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Deals, Rewards & Comparison Platforms
2 companies that operate in the same segment as Magicpin (Deals, Rewards & Comparison Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Cashback and coupon offers are provided for e-commerce shopping. | Gurugram, Haryana, India | USD 32.61 M |
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Related news about 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. The company's 1st funding round was a Series A of $3M, raised on Aug 2015.
Magicpin has 414 employees.
The primary company behind Magicpin, Samast Technologies Private Limited, reported revenue of ₹880 Cr for FY 2024, up 180% year on year.
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 NearBuy, Little Internet and Tapzo.
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.
Magicpin operates through Samast Technologies Private Limited.
The legal entities of Magicpin currently have 3 directors, including Bejul Somaia, Anshoo Sharma, Vivek Gambhir.