Economic Times - February 15, 2025
Valentine’s Day revenge: Gurgaon woman sends 100 'Cash-On-Delivery' pizzas to ex-boyfriend
A 24-year-old woman from Gurgaon, Ayushi Rawat, took an unusual approach to Valentine's Day revenge by sending 100 cash-on-delivery pizzas to her ex-boyfriend, Yash Sanghvi, in Sector 53. The unexpected prank led to a heated argument between Yash and the delivery personnel, with the incident quickly going viral on social media. Netizens reacted with a mix of amusement and concern, with some laughing at the creative revenge while others criticized th ..
IndiaToday - February 15, 2025
Delivery app's 'India's Lost Talent' ad on Ranveer Allahbadia, Samay Raina is viral
magicpin took a jab at India's Got Latent with a cheeky hoarding that read, “India's Lost Talent. Comedy ki limit honi chahiye par discounts ki nahi.” The ad, featuring animated caricatures of the panellists, went viral amid controversy over Ranveer Allahbadia's remarks on Samay Raina's show.
StartupNew - February 14, 2025
magicpin clocks multifold growth in FY24 with improved profitability
magicpin’s revenue surged threefold to ₹870 crore in FY24, with a 30% improvement in cash burn and an adjusted EBITDA margin of -9.8%. Now the third-largest food delivery app, it leads on ONDC and gained double-digit market share in Delhi and Bengaluru. magicpin’s MagicFleet manages 300,000 orders monthly, and its affordable SKU strategy resonates with young users.
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Eintrackr - February 11, 2025
Magicpin triples revenue to Rs 870 Cr in FY24, cuts losses
magicpin’s revenue nearly tripled to ₹870 crore in FY24, driven by voucher sales and controlled expenses, reducing losses by 25% to ₹78 crore. It became India’s largest hyperlocal startup and top seller on ONDC, processing over 300,000 orders monthly via MagicFleet. magicpin maintained growth without new funding and aims to scale to 1 million deliveries per month.
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Buisness standard - February 11, 2025
magicpin revenue triples to Rs 870 cr in FY24, becomes 3rd largest food app
magicpin’s revenue tripled to ₹870 crore in FY24, with a 30% reduction in cash burn and an improved EBITDA margin of -9.8%. It became the largest food seller on ONDC, processing 1.5 lakh orders daily, and secured over 10% market share in Delhi and Bengaluru. Magicpin expanded partnerships with major food and fashion brands and launched MagicNOW for 15-minute food delivery.