Ritesh Agarwal leads fresh investment in Magicpin at $165 Mn valuation

  • Offline discovery and reward platform Magicpin has raised around $3 million in a new tranche led by Oyo’s founder Ritesh Agarwal through his personal special purpose vehicle RA Holdings.
  • According to Fintrackr’s estimates, Magicpin has raised the fresh capital at a post-money valuation of $165 million.
  • Magicpin claims to have over 1.5 lakh merchants on the platform, serving 50 lakh consumers across 50 cities.