Moneycontrol PRO
HomeNewsBusinessMagicpin enters into quick commerce for food delivery with over 3,000 merchants

Magicpin enters into quick commerce for food delivery with over 3,000 merchants

Unlike other quick commerce players, magicpin will not operate via dark stores for food delivery, the company said in a statement.

December 17, 2024 / 16:51 IST
Magicpin

Hyper-local e-commerce firm magicpin has forayed into quick commerce for food delivery with the launch of its magicNow brand that will work for over 2,000 food brands and 1,000 merchants to start with, the company said on Tuesday.

Unlike other quick commerce players, magicpin will not operate via dark stores for food delivery, the company said in a statement.

"magicNOW is to provide fast food delivery within a 1.5 km to 2 km radius to maintain freshness and cuisine integrity, and will be initially launched in Bangalore, Hyderabad, Mumbai, Chennai, Delhi-NCR, and Pune," magicpin said.

magicNOW will leverage the service of magicpin's logistic aggregator vertical — Velocity.

Under Velocity, magicpin acts as an aggregator of its third party logistics partners such as Shadowfax, Dunzo, Rapido, Porter, OLA, Zypp etc for the supply backend, consolidating all 3PL services under one umbrella for brands and its sellers.

magicpin is currently offering Velocity to multiple brands including KFC, Burger King, IGP gifting etc.

"Our mission with magicNOW is to only deliver fresh food prepared by the restaurants and not operate via any dark stores, hence to maintain freshness and cuisine integrity, service is dedicated only to food delivery and will operate only within a 1.5km-2km radius of the consumer for 15 minutes quick delivery," magicpin co-founder and CEO, Anshoo Sharma said.

magicNow has already concluded a four-week pilot programme between November 14-December 15, during which it registered around 75,000 food deliveries in Delhi-NCR and Bangalore in select localities.

"magicNOW will deliver from over 2,000 brands like Chaayos, Faasos, Wendy’s, Burger King, McDonald’s, Tacobell, Barista and more than 1,000 non branded local restaurants," the statement said.

PTI
first published: Dec 17, 2024 04:50 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347