Magicpin sees 100% yearly rise in brand partnerships

15 Jul 2024 CW Team

Magicpin, an offline fashion discovery and savings platform, announced a significant milestone with a 100% year-on-year increase in brand onboarding. According to them, they have added 1000 brands across fashion, QSR, and fine dining categories.

Additionally, more than 75,000 local merchants were added in the past 12 months, bringing the total count to 2,75,000 merchants and 3,000 brands to date.

They noted that 80% of these merchants became transactional within the first month of joining, experiencing substantial growth during that period.

The company claimed that the retention rate of merchants exceeds 90% over a 12-month period, indicating the long-term effectiveness of their pay-per-conversion model.

Over the last year, Magicpin also became the largest seller app on ONDC (Open Network for Digital Commerce), leveraging its 10 million user base, SAS services from other major participants on the network, and its Delivery as a Service (DaaS) offering for hyperlocal deliveries called Velocity, which was launched in early 2024.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..