Zomato’s CEO Deepinder Goyal joins the board of India’s #1 savings app

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IPO-bound Zomato’s co-founder and CEO Deepinder Goyal has joined the board of

magicpin, as an independent director. Founded by Anshoo Sharma & Brij Bhushan,

and backed by Lightspeed Venture Partners, Waterbridge and Samsung, magicpin is

India’s #1 savings app that connects hyperlocal merchants and brands with

consumers.

Deepinder Goyal joins the existing board and advisors that consist of Bejul Somaia,

MD, Lightspeed Venture Partners; Vivek Gambhir, CEO boAt Lifestyle; and Manish

Kheterpal, MD, Waterbridge. Since launching in 2016, magicpin today has over 1.5

lakh merchants on the platform, serving 50 lakh consumers across fifty cities. It has

also launched the OrderHere platform that enables local merchants to set up their

online store within minutes, and serve online customers. magicpin simplifies

catalog creation and management for local merchants/brands and offers

seamlessly integrated payments and logistics from top logistics providers in India

including Shadowfax, Dunzo, Rapido and Loadshare.

Speaking on joining the board, Deepinder Goyal said, “I am delighted to join the

magicpin board. They are a high-quality team and I am excited about how they are

being a driver of growth for local merchants across categories. I am looking

forward to contributing to the company’s success.”

Anshoo Sharma, co-founder and CEO of magicpin, said, “We are excited about

Deepinder joining our board. He brings a wealth of experience from scaling up

Zomato into the tech giant it is today. We are looking forward to his guidance and

mentorship as we step into our next phase of growth.”

As lockdown measures ease across the country, magicpin is poised to scale up

merchants and brands on its platform for online and in-store demand. It is already

driving over USD 1 billion in annual revenues for its existing partners and continues

to grow at a rapid pace.

About magicpin:

magicpin is India’s #1 savings app that spans from local merchants to large brands,

online and offline. We bring the local market alive on our user’s phone and let

people discover and save through our magicpin rewards programme, powered by

over 150K partner stores.

magicpin drives over $1B of annual business that covers local merchants and brands

like Pantaloons, Lifestyle, Westside, Levis, Jockey, Titan, Fastrack, McDonald’s,

CCD, KFC, Pizza Hut, Taco Bell, Flipkart, Boat, Amazon, Samsung, Biba, ITC, Zandu,

P&G and many more. Know more about us here – https://magicpin.in/about-us/