About Magicsip
Magicsip is a Consumer company based in Bengaluru (India) founded in 2021 by Ajash Sait and Aaqib Bhat. It runs a direct-to-consumer brand offering coffee products. It operates on a B2C model. Its Indian entity Magicsip Coffee Roasters Private Limited reported revenue of ₹26.2 Lakh. Its focus areas include Food and Beverage, Beverages, Coffee and Direct-to-Consumer. Its competitors include Rage Coffee, Sleepy Owl and Bevzilla; 3 of its 3 listed competitors have raised funding.
Company details
Magicsip, established in 2021, excels in food and beverage, producing beverages, coffee, and direct-to-consumer. Runs a direct-to-consumer brand offering coffee products. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Employees 1
- Founders Ajash Sait, Aaqib Bhat
- SectorsConsumer
- Website magicsip.co
- Social X Facebook
- Legal Name Magicsip Coffee Roasters Private Limited
- Date of Incorporation 06 Jan, 2022
- Jurisdiction Mysore, Karnataka, India
- Annual Revenue₹26.2 Lakh
FY 2023
- Net Loss-₹25.3 Lakh
FY 2023 · -96% margin
- EBITDA-₹24.7 Lakh
FY 2023 · -94% margin
- Employee Count1
Associated legal entities of Magicsip
Magicsip operates through Magicsip Coffee Roasters Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Magicsip Coffee Roasters Private Limited CIN U01100KA2022PTC156359 | Active | 06 Jan 2022 | Mysore, Karnataka | ₹0.3 Cr | 3 | View details |
Board of directors of Magicsip Coffee Roasters Private Limited (Magicsip)
Magicsip Coffee Roasters Private Limited is the primary company behind Magicsip. The board of Magicsip Coffee Roasters Private Limited currently have 3 directors; the longest-serving is Sait Azam, appointed in 2022. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sait Azam DIN 09459705 | Director | 06 Jan 2022 | 4 yrs 10 mo | Magicsip Coffee Roasters Private Limited |
| Duddiyanda Hussainar Moidu DIN 09829256 | Director | 20 Dec 2022 | 3 yrs 10 mo | Magicsip Coffee Roasters Private Limited |
| Duddiyanda Husainar Soofi DIN 09829260 | Director | 20 Dec 2022 | 3 yrs 10 mo | Magicsip Coffee Roasters Private Limited |
People of Magicsip
2 people are tracked at Magicsip (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Ajash Sait | Co-Founder | Leadership |
Aaqib Bhat | Co-Founder | Leadership |
Complete people profiles for Magicsip
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of Magicsip
Figures of Magicsip Coffee Roasters Private Limited, the primary company behind Magicsip, for FY 2023. Revenue was ₹26.2 Lakh. Net loss was -₹25.3 Lakh (-96% margin). EBITDA was -₹24.7 Lakh (-94% margin).
- ₹26.2 LakhRevenue · FY 2023
- -₹25.3 LakhNet loss · -96% margin
- -₹24.7 LakhEBITDA · -94% margin
- ₹21,000Paid-up capital
Balance sheet, profit and loss, cash flow and ratios of Magicsip Coffee Roasters Private Limited are on its company page.
Detailed financial statements for Magicsip
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.
Competitors of Magicsip
Magicsip has 3 listed competitors in our database, 3 of them funded. They include Rage Coffee, Sleepy Owl and Bevzilla.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ragecoffee.com | 2018 | Delhi, India | $11.44M | 28 | Coffee beans, ground coffee, and ready-to-drink products are retailed. | |
| sleepyowl.co | 2016 | Gurugram, India | $10.69M | 112 | Subscription-based coffee varieties are offered through an online platform. | |
| bevzilla.co | 2020 | Delhi, India | $287,386 | 727 | Organic jaggery-based coffee cubes and flavored teas are produced. |
Detailed competitors of Magicsip
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Magicsip (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering a subscription-based delivery service for fresh milk and groceries | 2015 | Gurugram, Haryana, India | USD 228.42 M | USD 99.78 M | 3,464 | |
Subscription-based coffee products are offered by an internet-first brand. | 2013 | Gurugram, Haryana, India | USD 112.84 M | USD 25.83 M | 2,059 | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 143.51 M | 2,828 |
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Frequently Asked Questions about Magicsip
Magicsip was founded in 2021.
Magicsip is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Magicsip has 1 employees.
The primary company behind Magicsip, Magicsip Coffee Roasters Private Limited, reported revenue of ₹26.2 Lakh for FY 2023.
Magicsip, established in 2021, excels in food and beverage, producing beverages, coffee, and direct-to-consumer. Runs a direct-to-consumer brand offering coffee products. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
Magicsip's top competitors include Sleepy Owl, Rage Coffee and Bevzilla.
Magicsip operates through Magicsip Coffee Roasters Private Limited.
The legal entities of Magicsip currently have 3 directors, including Duddiyanda Hussainar Moidu, Duddiyanda Husainar Soofi, Sait Azam.