Magicpin
Magicpin (legal entity Samast Technologies Pvt Ltd) is a Gurugram-based local discovery, rewards and commerce platform connecting shoppers with local retail merchants across food, fashion, beauty, grocery and pharmacy categories; users earn magicPoints redeemable at partner stores. Founded in 2015 by Anshoo Sharma and Brij Bhushan, it has been backed by Lightspeed Venture Partners since its 2016 Series A, with…
Magicpin: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 9 Apr 2026 | Debt | ₹15 Cr | Stride Ventures | source |
| 10 Nov 2021 | Series D | $60 Mn | Zomato (Eternal) Lightspeed Venture Partners | source |
| 30 Aug 2021 | Series C4 | $3 Mn | Ritesh Agarwal (RA Holdings) Lightspeed Venture Partners Moonstone Investments The Bunting Family Private Fund LLC | source |
| 12 May 2020 | Series C | $3.8 Mn | Lightspeed Venture Partners Moonstone Investments Srivatsan Rajan The Bunting Family Private Fund LLC WaterBridge Venture | source |
| 23 Nov 2018 | Series C | $20 Mn | Lightspeed Venture Partners Lightspeed India Partners WaterBridge Ventures | source |
| 7 Mar 2018 | Debt | $1 Mn | Trifecta Capital | source |
| 31 May 2017 | Series B | $7 Mn | Lightspeed India Partners Sahil Barua Srivatsan Rajan WaterBridge Ventures | source |
| 22 Feb 2016 | Series A | $3 Mn | Lightspeed Venture Partners | source |
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Who founded Magicpin?
Magicpin was founded by Anshoo Sharma, Brij Bhushan in 2015.
How much funding has Magicpin raised?
Magicpin has raised $99.43 Mn across 8 tracked funding round(s), most recently on 2026-04-09. Figures are compiled from cited public sources.
Who are the investors in Magicpin?
Investors in Magicpin include Stride Ventures, Zomato (Eternal), Lightspeed Venture Partners, Ritesh Agarwal (RA Holdings), Moonstone Investments, The Bunting Family Private Fund LLC.
What does Magicpin do?
Magicpin (legal entity Samast Technologies Pvt Ltd) is a Gurugram-based local discovery, rewards and commerce platform connecting shoppers with local retail merchants across food, fashion, beauty, grocery and pharmacy categories; users earn magicPoints redeemable at partner stores. Founded in 2015 by Anshoo Sharma and Brij…
Where is Magicpin headquartered?
Magicpin is headquartered in Gurugram, Haryana, India.
What is Magicpin's business model?
Magicpin's core value proposition centers on Local discovery and savings for shoppers, Demand generation and visibility for merchants, Connects online demand to offline neighbourhood stores.
How does Magicpin make money?
Magicpin's cited revenue streams include Voucher sales, Commissions and ONDC subsidies.