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Magicpin Plans to Expand its Services both in India and Abroad

Following its latest launch of services in the Indonesian capital of Jakarta, the company would also look into possibilities of increasing its footprint

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Magicpin, Services, India
He said that the company, which caters to offline retail consumers, plans to expand to 200 more towns and cities. Pixabay

Services aggregator and rewards platform Magicpin on Friday said it plans to expand its services both in India and abroad along with including more segments to cater to consumers.

Speaking to IANS, Magicpin Co-founder CEO Anshoo Sharma said that the platform currently has full-fledged operations across 50 Indian cities and is launching operations in another 50 cities.

He said that the company, which caters to offline retail consumers, plans to expand to 200 more towns and cities.

Following its latest launch of services in the Indonesian capital of Jakarta, the company would also look into possibilities of increasing its footprint in Indonesia along with starting operations in other countries.

Magicpin, Services, India
Speaking to IANS, Magicpin Co-founder CEO Anshoo Sharma said that the platform currently has full-fledged operations across 50 Indian cities and is launching operations in another 50 cities. Pixabay

“We are now live in 50 cities and we have launched the next 50 cities as well. In addition, in September we launched Jakarta, because the India market has been working great. Even that market (Indonesia) is doing very well. Our plan is to continue to go deeper in the country, from 100 to 200 cities to 500 cities,” Sharma said.

“Our model is very technology oriented, we don’t have to have massive physical setup when we enter a new city. As indonesia is building out we will go deeper there, but we will also explore other international markets,” he added.

He further said that the company would also add more categories in its services and has recently added electronics and manufacturing brands as new categories.

“At the same time we want to add more categories. We are adding electronics as a category, we are also adding manufacturing brands. We are working with the likes of ITC and Godrej, who are manufacturing brands,” he said.

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The platform announced a first-of-its-kind festival sale — ‘magicpin Diwali Week’ — for offline retail, during October 19-26, across categories like fashion, electronics, grocery, beauty, fitness, among others.

Sharma said that the company plans to reach a Gross Merchandise Volume (GMV) of $1 billion on the back of the sales during the festival sale period. (IANS)

Next Story

Novel Coronavirus: Government Deploys Health Team on Nepal Border

Many Indian students studying in Wuhan, the epicentre of the outbreak have been stuck there

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Coronavirus
The Coronavirus outbreak, which has so far caused 41 deaths in China, and caused the country to quarantine 16 cities, is causing comparisons to the 2003 spread of severe acute respiratory syndrome, or SARS, which decreased the value of the global economy by $40 billion. VOA

In the wake of a confirmed case of novel coronavirus in Nepal, the Union Health Ministry has subsequently strengthened its vigil in the areas bordering Nepal.

The recent deployment of health team has taken place at Panitanki in West Bengal, entry point from Nepal, said the Health Ministry on Monday.

“Update on #ncov2020 – Subsequent to confirmed #coronarvirus case in #Nepal, vigil strengthened at Panitanki (West Bengal) entry point from Nepal,” the ministry tweeted.

Earlier on Sunday the ministry had informed that in response to confirmed case of the new virus in the neighbourhood country Nepal, India stepped up vigil in districts bordering Nepal. The health ministry said that teams of medical experts were also deployed at border outpost with Nepal at Jhulaghat and Jauljibi in Pithoragarh district in Uttarakhand.

Coronavirus
Southeast Asia’s proximity to China and dependence on that nation for a major share of its economy is raising concerns that the coronavirus outbreak  that started there will not only have health impacts but harm the region’s economies. VOA

In continuation of its efforts to stop the virus from entering in India and making the passengers aware, the ministry has also displayed signage advising the passengers for self reporting and other precautions, disseminated through advisories, at the Mumbai airport.

According to the health ministry, a total of 29,707 passengers from 137 flights have been screened. Fortunately, no case of coronavirus has been found till date.

Also Read: Patients May Suffer Invasive Treatments for Harmless Cancers: Researchers

According to the announcement made by Chinese health authorities on Monday, 2,744 confirmed cases of pneumonia caused by the novel coronavirus (2019-nCoV), including 461 in critical condition and a total of 5,794 suspected cases have also been reported. The killer virus has caused 80 deaths in China, as per Chinese authorities.

Many Indian students studying in Wuhan, the epicentre of the outbreak have been stuck there. The health ministry said it is working closely with the Ministry of External Affairs and is in touch with the students. (IANS)