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 andIndia’s largest hyperlocal startup, at present introduced that it featured on the record of theDeloitteTechnologyFast50India2023, which awards the50fastestgrowingtechnologyfirms inIndia. Rankings are primarily based on proportion incomegrowthover three years. This recognition underscoresmagicpin‘s exceptionalgrowth, innovation, and influence in the hyperlocal house.
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magicpincrew honored withDeloitte‘sTechnologyFast50India2023award in Bengaluru
DeloitteTechnologyFast50, 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 andgrowth, however are additionally resolving quite a few societal challenges, together with problems with sustainability, monetary inclusion, medicaltechnology, et al.
“We are thrilled and honored to be acknowledged amongstIndia‘sfastest–growingtechnologyfirms byDeloitte. 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 togrowth,”statedAnshoo Sharma, CEO & Co-founder ofmagicpin.
“Achieving sustained incomegrowthover three years is an incredible achievement. Attracting sufficient prospects to attain suchquickgrowthmakes a robust assertion in regards to the high quality of acompany’s product anditsmanagement.magicpin’s phenomenalgrowthplaces it in wonderfulcompany,”statedPeeyush Vaish, Partner and TMT Industry Leader,DeloitteTouche TohmatsuIndiaLLP.
(*50*)company’s refined tech permitsits5 lakh+ listed retailers together with majority of native retailers to appeal to new prospects and increase gross sales. For prospects,magicpinpermits 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,magicpinjoined ONDC and has develop into the largest vendor app on the community. With meals supply because the distinguished class,magicpincrossed 10 lakh orders in the course of the World Cup beneath the ONDC umbrella.
DeloitteTechnologyFast50Indiaprogramme choice and {qualifications}
(*50*)DeloitteTechnologyFast50Indiaprogramme, which was launched in 2005, is carried out byDeloitteTouche TohmatsuIndiaLLP (DTTILLP), and is a part of a very built-in Asia Pacific programme recognisingIndia’sfastestgrowingand most dynamictechnologycompanies (private and non-private) and contains all areas oftechnology– from web to biotechnology, from medical and scientific to computer systems/{hardware}. (*50*) programme recognises thefastestgrowingtechnologyfirms inIndiaprimarily based on their proportion incomegrowthover the previous three monetary years.
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