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/
