Magicpin said it has raised $60 million (about ₹446 crore) in funding round led by Zomato on Wednesday. The Series D round also saw participation from existing investors, including Lightspeed Venture Partners, a statement said. Magicpin drives the discovery of brands and retailers across categories like fashion, food, electronics, grocery, pharma, nightlife, and entertainment. “What Zomato did with restaurants, Magicpin is doing for the entire offline shopping experience. The company also started home delivery from nearby stores to complete the full cycle from offline discovery to at-home fulfillment.

Source: Mint November 11, 2021 03:30 UTC