magicpin named fastest growing technology company in Deloitte Technology Fast 50 India 2023; attributes its success to rapid growth
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magicpin-local financial savings super-app and India’s largest hyperlocal startup, at present introduced that it featured on the record of the Deloitte Technology Fast 50 India 2023, which awards the 50 fastest growing technology firms in India. Rankings are primarily based on proportion income growth over three years. This recognition underscores magicpin‘s exceptional growth, innovation, and influence in the hyperlocal house.
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magicpin crew honored with Deloitte‘s Technology Fast 50 India 2023 award in Bengaluru
Deloitte Technology Fast 50, through the years, has develop into one of the vital aspirational and coveted recognition for tech entrepreneurs of the nation. (*50*) record contains some extremely aggressive, new-age, agile companies that aren’t solely specializing in income and growth, however are additionally resolving quite a few societal challenges, together with problems with sustainability, monetary inclusion, medical technology, et al.
“We are thrilled and honored to be acknowledged amongst India‘s fastest–growing technology firms by Deloitte. We have grown 2.5x in the final 15 months with 10 million energetic customers and have plans to obtain $12 billion GMV by the top of 2024. This achievement is a testomony to our crew’s onerous work and relentless dedication to growth,” stated Anshoo Sharma, CEO & Co-founder of magicpin.
“Achieving sustained income growth over three years is an incredible achievement. Attracting sufficient prospects to attain such quick growth makes a robust assertion in regards to the high quality of a company’s product and its management. magicpin’s phenomenal growth places it in wonderful company,” stated Peeyush Vaish, Partner and TMT Industry Leader, Deloitte Touche Tohmatsu India LLP.
(*50*) company’s refined tech permits its 5 lakh+ listed retailers together with majority of native retailers to appeal to new prospects and increase gross sales. For prospects, magicpin permits discovery across the location and gives reductions, saving choices all year long on distinguished classes similar to 10,000+ trend shops, 2,000+ nice eating eating places, grocery, pharmacy and many others. Earlier this yr, magicpin joined ONDC and has develop into the largest vendor app on the community. With meals supply because the distinguished class, magicpin crossed 10 lakh orders in the course of the World Cup beneath the ONDC umbrella.
Deloitte Technology Fast 50 India programme choice and {qualifications}
(*50*) Deloitte Technology Fast 50 India programme, which was launched in 2005, is carried out by Deloitte Touche Tohmatsu India LLP (DTTILLP), and is a part of a very built-in Asia Pacific programme recognising India’s fastest growing and most dynamic technology companies (private and non-private) and contains all areas of technology – from web to biotechnology, from medical and scientific to computer systems/{hardware}. (*50*) programme recognises the fastest growing technology firms in India primarily based on their proportion income growth over the previous three monetary years.
