Zomato CEO Deepinder Goyal joins the board of magicpin as Independent Director

Zomato’s co-founder and CEO, Deepinder Goyal has joined the board of magicpin, as an independent director. Founded by Anshoo Sharma & Brij Bhushan, and backed by Lightspeed Venture Partners, Waterbridge, and Samsung, magicpin is a savings app that connects hyperlocal merchants and brands with consumers. Deepinder Goyal joins the existing board and advisors that consist of Bejul Somaia, MD, Lightspeed Venture Partners; Vivek Gambhir, CEO boAt Lifestyle; and Manish Kheterpal, MD, Waterbridge.

Since launching in 2016, magicpin today has over 1.5 lakh merchants on the platform. It also serves 50 lakh consumers across fifty cities. It has also launched the OrderHere platform that enables local merchants to set up their online store within minutes and serve online customers. The company simplifies catalog creation and management for local merchants/brands. Further, it offers seamlessly integrated payments and logistics from top logistics providers in India. Some names include Shadowfax, Dunzo, Rapido, and Loadshare.

Speaking on joining the board, Deepinder Goyal said, “They are a high-quality team and I am excited about how they are being a driver of growth for local merchants across categories. I am looking forward to contributing to the company's success”. Anshoo Sharma, co-founder, and CEO, magicpin, said, “We are excited about Deepinder joining our board. He brings a wealth of experience from scaling up Zomato into the tech giant it is today. We are looking forward to his guidance and mentorship as we step into our next phase of growth.”

As lockdown measures ease across the country, magicpin is scaling up merchants and brands on its platform for online and in-store demand. It is already driving over USD 1 billion in annual revenues for its existing partners. It further continues to grow at a rapid pace.

About magicpin

magicpin is an Indian savings app that spans from local merchants to large brands, online and offline. We bring the local market alive on our user’s phones and let people discover and save through our magicpin rewards program, powered by over 150K partner stores. magicpin drives over $1B of annual business that covers local merchants and brands like Pantaloons, Lifestyle, Westside, Levis, Jockey, Titan, Fastrack, McDonald’s, CCD, KFC, Pizza Hut, Taco Bell, Flipkart, Boat, Amazon, Samsung, Biba, ITC, Zandu, P&G, etc.