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

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	Reports
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	7544965	Venture Debt	2536066	2349955	2554604	7534519
Mar 26, 2025	1649073	Series D	2736942	5846893	7563328	4425687
Nov 08, 2024	8470967	Angel	1138680	6644542	Vivek Gambhir	4358299

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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
xzakafw	Independent board member	-	Current	4y 7m

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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SAMAST TECHNOLOGIES PRIVATE LIMITED, the legal entity associated with Magicpin, generated between ₹500 Cr and ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2024. The revenue of SAMAST TECHNOLOGIES PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 180% in the last 1 year.

Financial Statement Summary

Metrics	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Income Statement
Revenue	3384	8795	3919	5662	3078
Total Sales	7356	9391	9573	5354	7575
Total Expenses	1585	8322	3175	7790	8394
Operating Expenses	8344	2377	9219	4726	1480
Employee Expenses	7335	5992	4659	4620	6812
Marketing Expenses	7211	7566	2511	7488	8057
Operating Income (EBIT)	8419	6586	5669	6846	3909
Interest Expenses	9714	6483	2579	9662	4821
Expenses from other activities	7179	9433	8419	5375	5931
Information Technology Expenses	3694	3708	7944	3522	6023
EBITDA	4270	4853	7147	3289	7159
Taxes	5934	5850	8705	2652	5425
Net Profit	2379	3440	2683	8491	2752
Balance Sheet
Assets	8195	8077	2172	1906	8474
Cash Equivalent	3972	5885	3147	1926	4954
Accounts Receivables	4349	6790	3083	7367	6762
Inventory	3708	6695	1203	4114	7483
Liabilities	9140	3606	9535	5864	5655
Total Debt	9585	7642	9894	1845	5615
Accounts Payable	5215	2597	3926	1604	2084
Equities	1607	6737	3152	8521	5468
Cashflow Statement
Cash from Operating activities	6412	4629	4714	3400	2977
Cash from Investing activities	9087	4260	3758	1692	2373
Net cash from Financing activities	2636	6958	1704	8249	4937

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

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. The cap table displayed below is for SAMAST TECHNOLOGIES PRIVATE LIMITED which is the legal entity associated with Magicpin.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	27.09%	1,270Cr	9716829	3335564	6966312	5906031
Anshoo Sharma	6252736	4885872	2902851	2970312	1026923	1885107
Brij Bhushan	1040640	9901151	1851023	8147618	8104656	5643320
Naman Mawandia	0	0	0	0	0	0
Fund	41.49%	1,940Cr	9951455	4079278	8914668	5584531
Hindustan Media Ventures	0	0	0	0	0	0
Enterprise	21.89%	1,020Cr	6560503	6910779	1036593	5616453
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	7794820	5901865	8406883	5254173
Total	100.00%	4,670Cr	7355712	8391918	8699593	3281148