India: Magicpin secures $60m in Series D funding led by Zomato

Photo: Reuters

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, a platform for discovery and savings in offline retail, said it will use the proceeds from the funding round for extending its presence in existing markets, launching new markets, and expanding across categories.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter