When was Magicpin founded?

Magicpin was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is Magicpin located?

Magicpin is headquartered in Gurugram, India. It is registered at Plot No.379 & 380, Sector - 29, Near IFFCO Chowk Metro Station, Gurgaon, Gurgaon, Haryana, India, 122001.

Who is the current CEO of Magicpin?

Anshoo Sharma of Magicpin. They have also founded 2 companies and are angel investors in 9 startups, including OrderHere.

Which legal entities is Magicpin associated with?

Magicpin is associated with SAMAST TECHNOLOGIES PRIVATE LIMITED.

How many employees does Magicpin have?

As of Aug 31, 2025, the latest employee count at Magicpin is 575.

Is Magicpin a funded company?

Magicpin is a funded company, having raised a total of $106M across 13 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Aug 21, 2015.

How much is Magicpin worth?

The latest valuation of Magicpin is $***** as of Mar 26, 2025.

When was the latest funding round of Magicpin?

Magicpin's latest funding was a $***** Venture Debt round on Apr 09, 2026, with participation from 1 investor.

What is the annual revenue of Magicpin?

Annual revenue of Magicpin is between ₹500 Cr and ₹1,000 Cr as on Mar 31, 2024

Where does Magicpin rank among its competitors?

Magicpin ranks 4th amongst 575 active competitors, of which 29 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Magicpin, which secured $1.62M in Apr, 2026.

Who are the top competitors of Magicpin?

Magicpin's top competitors include Swiggy, Zomato and Bolt. Among them, Magicpin secured the most recent funding round in April, 2026.

Magicpin - 2026 Company Profile, Team, Funding, Competitors & Financials

Magicpin is a series D company based in Gurugram (India), founded in 2015 by Anshoo Sharma, Brij Bhushan, Naman Mawandia and Abhishek Awasthi. It operates as a Provider of a platform providing deals, discounts, and rewards across multiple categories. Magicpin has raised $106M in funding from investors like Lightspeed, Lightspeed Venture Partners and Zomato, with a current valuation of $*****. The company has 575 active competitors, including 29 funded and 16 that have exited. Its top competitors include companies like Swiggy, Zomato and Bolt.

Company Details

Provider of a platform providing deals, discounts, and rewards across multiple categories. The platform connects consumers with various businesses, including restaurants, fashion outlets, and pharmacies. It facilitates promotions for both online and offline retailers. The platform aims to attract audiences based on spending patterns and other demographics.

Website: magicpin.in
Social
Email ID: *****@magicpin.in
Registered Address: Plot No.379 & 380, Sector - 29, Near IFFCO Chowk Metro Station, Gurgaon, Gurgaon, Haryana, India, 122001

Key Metrics

Founded Year

2015

Location

Gurugram, India

Stage

Series D

Total Funding

$106M in 13 rounds

Latest Funding Round

Venture Debt, Apr 09, 2026, $*****

Post Money Valuation

$***** as on Mar 26, 2025

Investors

Lightspeed & 33 more

Ranked

4^th among 575 active competitors

Annual Revenue

₹500 - ₹1,000 Cr as on Mar 31, 2024

Employee Count

575 as on Aug 31, 2025

Similar Companies

Slice & 1189 more

View Magicpin's full profile

Magicpin is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SAMAST TECHNOLOGIES PRIVATE LIMITED CIN: U74140HR2015PTC073829 , India, Active	May 25, 2015	₹500 - ₹1,000 Cr (As on Mar 31, 2024)	575 (As on Aug 01, 2025)

Magicpin has raised a total funding of $106M over 13 rounds. Its first funding round was on Aug 21, 2015. Its latest funding round was a Venture Debt round on Apr 09, 2026 for $*****. 1 investor participated in its latest round. Magicpin has 19 institutional investors and 15 angel investors.

Here is the list of recent funding rounds of Magicpin:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 09, 2026	9152826	Venture Debt	3989312	6159807	2690022	4653967
Mar 26, 2025	9641987	Series D	9885930	8119029	4184213	8484909
Nov 08, 2024	2809680	Angel	1572527	4178968	Vivek Gambhir	8324055

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View details of Magicpin's funding rounds and investors

The founders of Magicpin are Anshoo Sharma, Brij Bhushan, Naman Mawandia and Abhishek Awasthi. Anshoo Sharma is the CEO of Magicpin.

Here are the details of Magicpin's key team members:

Anshoo Sharma: Co-Founder & CEO of Magicpin and founder of 2 other companies, OrderHere and Magicpin. They are also an angel investor in 9 startups and serve on the boards of 3 companies.
Contact Info: 1 email address and 1 phone number
Brij Bhushan: Co-Founder of Magicpin and founder of 3 other companies, OrderHere, Magicpin and Samast Technologies. They are also an angel investor in 9 startups and serve on the boards of 2 companies.
Contact Info: 1 email address and 1 phone number
Naman Mawandia: Co-Founder of Magicpin and founder of 1 other company. They are also an angel investor in 3 startups.
Contact Info: 2 email addresses and 1 phone number
Abhishek Awasthi: Former Co-Founder of Magicpin.
Contact Info: 2 email addresses

Magicpin's Board of Directors

Magicpin's board has 3 active members. Anshoo Sharma is part of team and Bejul Somaia and Vivek Gambhir are independent board members.

Here is the list of Magicpin's board of directors:

Name	Type	Representing	Status	Duration
Anshoo Sharma	Team	-	Current	11y 1m
Bejul Somaia	Independent board member	-	Current	10y 10m
dzmyevf	Independent board member	-	Current	2y 5m

View details of Magicpin's Founder profiles and Board Members

Magicpin's employee count trend

Magicpin has 575 employees as of Aug 25. The total employee count is 6.0% more than what it was in Aug 24. Here is Magicpin's employee count trend over the years:

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Top competitors of Magicpin include Swiggy, Zomato and Bolt. Here is the list of Top 10 competitors of Magicpin, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Swiggy 2013, Bengaluru (India), Public	Operator of digital platforms facilitating food and grocery delivery services	$3.62B	Naspers, Prosus & 89 others	89/100
2nd	Zomato 2008, Gurugram (India), Public	Online platform offering food ordering and delivery services	$1.66B	Info Edge Ventures, Ant Group & 50 others	84/100
3rd	Bolt 2013, Tallinn (Estonia), Series F	Provider of ride-hailing, car-sharing, micromobility, food, and grocery delivery services	$1.98B	Sequoia Capital, Naya Capital Management UK ... & 134 others	82/100
4th	Magicpin 2015, Gurugram (India), Series D	Provider of a platform providing deals, discounts, and rewards across multiple categories	$106M	Vy Capital, Trifecta Capital & 32 others	80/100
5th	Groupon 2007, Chicago (United States), Public	Online marketplace offering deals on multi-category products and services	$980M	TCV, Silver Lake & 28 others	70/100
6th	Quotient 1998, Cincinnati (United States), Acquired	Platform offering ad campaign management software	$250M	Marshall Wace, Triangle Peak Partners & 6 others	68/100
7th	Box8 2012, Bengaluru (India), Unfunded	Platform that offers a variety of Indian cuisine options	-	-	63/100
8th	Dineout 2012, Bengaluru (India), Acquired	Online Restaurant Table Reservations	$115K	Kisho Capital & 2 others	60/100
9th	NearBuy 2011, Gurugram (India), Acquired	Online platform offering deals and coupons from nearby merchants	$20M	BlackSoil, Sequoia Capital & 11 others	59/100
10th	Spectrio 1986, Oldsmar (United States), Acquired	On-hold music & marketing company	-	Brookside Mezzanine Partners, Finback Investment Partners ... & 8 others	56/100

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Founders own 27.09%, Funds (largest shareholder) own 41.49%, Enterprises own 21.89% and Angels own 0.45%. The net worth of Magicpin's founders is INR 1,270Cr as of Mar 26, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	27.09%	1,270Cr	9797856	5788252	5569660	9789542
Anshoo Sharma	6589099	7425184	3703392	8290978	7254344	3727499
Brij Bhushan	3157085	8654063	1862511	6758178	1311898	5973440
Naman Mawandia	0	0	0	0	0	0
Fund	41.49%	1,940Cr	1957261	3459045	2571567	4958558
Hindustan Media Ventures	0	0	0	0	0	0
Enterprise	21.89%	1,020Cr	5961123	2149868	2452390	4915808
Angel	0.45%	21Cr	0	0	0	0
Vivek Gambhir	0	0	0	0	0	0
Deepak Jain	0	0	0	0	0	0
Nikhil Sharma	0	0	0	0	0	0
ESOP Pool	9.08%	424Cr	7035404	5151282	1797395	9545558
Total	100.00%	4,670Cr	1057737	8577234	6572354	1855507