Founder of Magicpin

Magicpin was founded by former Lightspeed Venture Partners investor Anshoo Sharma and former Nexus Venture Partners investor Brij Bhushan , who serve as the company's CEO and COO respectively. The company's philosophy is to help consumers discover places and things of interest, while helping businesses acquire potential customers through the Internet.

Magicpin Current Status

magicpin has over 5 million users currently living in Delhi, Gurgaon, Noida, Bangalore, Mumbai, Pune, Hyderabad, Chandigarh, Jaipur, Goa, Chennai, Ahmedabad and quickly spreading to more cities and countries.

Function Introduction

On the merchant side , users can publish information such as changes in promotional discounts , merchant dynamics, etc. on the Magicpin platform to attract consumers' attention ;

On the consumer side , they can use the platform’s social functions to search and discover nearby businesses and restaurants , and enjoy points redemption and customer loyalty programs.

Magicpin Financing

In May 2017 , the startup received $ 7 million in Series B funding from existing investors Lightspeed India Partners , Westbridge and some anonymous overseas investors. The company’s total financing has now reached $ 10 million.

In November 2018 , Magicpin completed financing of US$ 20 million from Lightspeed Venture Partners .

References