magicpin named fastest growing technology company in Deloitte Technology Fast 50 India 2023; attributes its success to rapid growth

magicpin-local savings super-app and India's largest hyperlocal startup, today announced that it featured on the list of the Deloitte Technology Fast 50 India 2023, which awards the 50 fastest growing technology companies in India. Rankings are based on percentage revenue growth over three years. This recognition underscores magicpins remarkable growth, innovation, and impact in the hyperlocal space.

magicpin team honored with Deloittes Technology Fast 50 India 2023 award in Bengaluru

The company's sophisticated tech allows its 5 lakh+ listed merchants including majority of local retailers to attract new customers and boost sales. For customers, magicpin allows discovery around the location and offers discounts, saving options throughout the year on prominent categories such as 10,000+ fashion stores, 2,000+ fine dining restaurants, grocery, pharmacy etc. Earlier this year, magicpin joined ONDC and has become the biggest seller app on the network. With food delivery as the prominent category, magicpin crossed 10 lakh orders during the World Cup under the ONDC umbrella.

Deloitte Technology Fast 50 India programme selection and qualifications

The Deloitte Technology Fast 50 India programme, which was launched in 2005, is conducted by Deloitte Touche Tohmatsu India LLP (DTTILLP), and is part of a truly integrated Asia Pacific programme recognising India's fastest growing and most dynamic technology businesses (public and private) and includes all areas of technology - from internet to biotechnology, from medical and scientific to computers/hardware. The programme recognises the fastest growing technology companies in India based on their percentage revenue growth over the past three financial years.