Magicpin’s Losses Increase Over Threefold in FY22

  • Magicpin, a six-year-old offline discovery and reward platform backed by Zomato, saw a 59% growth in the last fiscal year.
  • Despite this growth, Magicpin suffered heavy losses and its losses increased over threefold during the same period.
  • Magicpin’s revenue from operations increased by 59.6% to Rs 233 crore during the fiscal year.
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