magicpin raises $60 million in Series D round led by Zomato

The app currently serves 6 million active users with nearly 25 sessions per user per month, and provides savings on nearly 170,000 merchants across big brands and local retailers

magicpin, a leading platform for discovery and savings in offline retail, has raised a Series D round of $60 million led by Zomato. The round also saw participation from existing investors including Lightspeed Venture Partners.

magicpin drives discovery of brands and retailers across categories - fashion, food, electronics, grocery, pharma, nightlife and entertainment. Users transact on the app using multiple methods and earn points on every transaction. The app shows relevant offers from merchants where these points can be used to make savings. 

Deepinder Goyal, Zomato said: “What Zomato did with restaurants, magicpin is doing for the entire offline shopping experience. magicpin