About magicpin
magicpin is a company based in Gurugram (India) founded in 2015 by Naman Mawandia and Brij Bhushan.. magicpin has raised $104.65 million across 10 funding rounds from investors including Zomato, Lightspeed Venture Partners and Hindustan Media Ventures. The company has 414 employees as of October 18, 2024.
- Headquarter Gurugram, India
- Employees 414 as on 18 Oct, 2024
- Founders Naman Mawandia, Brij Bhushan
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Sectors
ConsumerRetail Technology
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Email
***********
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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
$104.65 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
& 28 more
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Employee Count
414
as on Oct 18, 2024
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Funding Insights of magicpin
magicpin has successfully raised a total of $104.65M across 10 strategic funding rounds. The most recent funding activity was a Angel Round 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 Total Funding
- Total Rounds 10
- Last Round Angel Round — $212,626
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First Round
First Round
(21 Aug 2015)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Angel Round - magicpin | Valuation | Abhinav Sinha , Deepak Jain | |
| Nov, 2021 | Amount | Series D - magicpin | Valuation | Zomato | |
| Sep, 2021 | Amount | Series D - magicpin | Valuation | Lightspeed India , Lightspeed Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in magicpin
magicpin has secured backing from 29 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Zomato, Lightspeed Venture Partners and Hindustan Media Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investing in innovative startups across technology sectors.
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by magicpin
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - magicpin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magicpin Comparisons
Competitors of magicpin
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Magicpin
Frequently Asked Questions about magicpin
When was magicpin founded?
magicpin was founded in 2015.
Where is magicpin located?
magicpin is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is magicpin a funded company?
magicpin is a funded company, having raised a total of $104.65M across 10 funding rounds to date. The company's 1st funding round was a Series D of $3M, raised on Aug 21, 2015.
How many employees does magicpin have?
As of Oct 18, 2024, the latest employee count at magicpin is 414.
What is the annual revenue of magicpin?
Annual revenue of magicpin is $37.82M as on Mar 31, 2023.
What does magicpin do?
Magicpin was founded in 2015 and is headquartered in Gurugram, India. An online platform is operated to connect users with nearby offers in dining, shopping, entertainment, and services through digital listings. Personalized recommendations are provided, and engagement is incentivized via reward programs. Operations focus on the Indian market, facilitating access to local experiences and deals.
Who are magicpin's investors?
magicpin has 29 investors. Key investors include Zomato, Lightspeed Venture Partners, Hindustan Media Ventures, Lightspeed India, and Samsung Venture Investment.
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