Magicpin onboards 150 fashion brands, 10,000 stores
Magicpin, a brand discovery and savings platform has onboarded more than 150 fashion brands and 10,000 stores on its platform over the last 12 months.
Some of the brands to join the platform include Puma, Titan World, Wildcraft, United Colors of Benetton, and Levi’s are among many others.
Magicpin plans to add 10,000 fashion stores by the end of 2023 to further fuel its growth in the Indian market. Fashion currently contributes around 25 percent to its total revenue.
Commenting on the expansion, Anshoo Sharma, CEO co-founder of Magicpin in a statement said, “We’re the single largest hyperlocal fashion retail platform and have been experiencing steady 10 percent month-on-month growth in terms of scale.”
“Going further we will double down our presence and tie up with 10,000 more fashion stores by the end of this calendar year as customers’ seek value-for-money fashion options from popular international and national brands,” he added.
Founded by Anshoo Sharma and Brij Bhushan in 2016, Magicpin connects hyperlocal merchants and brands with consumers. It claims to have over 1.5 lakh merchants on the platform with a customer base of 50 lakh across 50 cities.
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