ET Now - November 5, 2024
Magicpin Reduces Platform Charge To ₹5, FoodTech Sector Heating Up? | Anshoo Sharma |Startup Central
Magicpin, a hyperlocal delivery platform, has recently lowered its platform fee to ₹5. This move raises the question of whether it indicates growth in the FoodTech sector. Anshoo Sharma delves into this topic on Startup Central. The next question is whether Zomato and Swiggy will also adopt this strategy. Additionally, it has been announced that there will be no increase in fees for food delivery until the end of FY24. This decision is expected to impact the margin and revenue outlook for the upcoming years.
News18 - November 4, 2024
Magicpin Cuts Delivery Fee Amid Festive Season Competition With Zomato, Swiggy
E-commerce app Magicpin has reduced its platform charge to Rs 5 per delivery to mark healthy competition with its fellow competitors in the market. A top company official said on Sunday that this amount is half of the charges of its competitors. Zomato and Swiggy had increased the platform fee per supply by about 42-67 per cent about two weeks ago.
The Economic Times - November 3, 2024
Magicpin slashes platform fee to Rs 5 per delivery
Hyperlocal ecommerce app magicpin has slashed platform charges to Rs 5 per delivery, half of the fee set by its competitors, a top company official said on Sunday. Around two weeks back, Zomato and Swiggy raised platform fees in the range of 42-67% per delivery.
Adgully - October 14, 2024
King of Junk Food: Raavan turns delivery rider in trending video
A viral video featuring a delivery rider dressed as the legendary Raavan is taking the internet by storm, offering a comedic twist to food delivery culture. In the video, the rider, complete with Raavan’s iconic ten heads, is spotted delivering food, merging the epic mythological figure with the fast-paced world of modern-day deliveries.
Inc42 - October 8, 2024
magicpin Clocks 1.5 Lakh Daily Food & Logistics Orders On ONDC
magicpin said that the number of orders on its platform surged 1500X in the past 16 months to 1.5 Lakh from 100 orders in May 2023. The number of restaurants under its belt surged to 70,000 at the end of September 2024 from 22,000 when it made its debut on ONDC in March last year.Founded in 2015, magicpin was one of the first platforms to join ONDC and assist sellers and restaurants in adopting the open protocol