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.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..