Magicpin’s MagicNow Set to Transform Quick Commerce with 20% Food Delivery Share

Magicpin’s rapid delivery vertical, MagicNow, is poised to contribute 20% of the company’s total food delivery business by the end of the financial year. Since its launch in September 2024, MagicNow has expanded its footprint across major urban centers, reshaping the quick commerce landscape.  

Scaling Operations and Market Reach  
- MagicNow currently accounts for 13% of Magicpin’s food delivery volumes, with strong growth momentum driving its expansion  
- The service has extended operations from six metros to 20 high-density urban areas, ensuring faster deliveries and improved customer engagement  
- Monthly user retention for MagicNow is 10% higher than Magicpin’s platform average, reflecting strong consumer adoption  

Strategic Partnerships and Merchant Network  
- Magicpin has significantly expanded its merchant and restaurant network, growing from 3,000 partners at launch to over 21,000 today  
- The platform now includes major brands such as McDonald’s, Taco Bell, Chaayos, Wendy’s, Faasos, and Burger King, alongside local eateries  
- Magicpin’s broader ecosystem connects users to 275,000 retailers and 3,000 brands across categories including fashion, electronics, grocery, nightlife, and entertainment  

Competitive Landscape and Industry Growth  
- MagicNow’s expansion comes amid intensifying competition in India’s quick commerce sector, where platforms promise delivery within 10–15 minutes  
- Analysts estimate that the quick commerce market will grow to $35 billion by 2030, up from just $200 million in 2021  
- Established players such as Swiggy, Zepto, and Zomato are also scaling their rapid delivery services, introducing new offerings to capture market share  

Looking Ahead  
- Magicpin aims to further strengthen MagicNow’s presence, leveraging technology and logistics optimization to enhance service efficiency  
- The company’s focus on hyperlocal retail and rapid fulfillment positions it as a key player in India’s evolving quick commerce ecosystem  
- As consumer demand for instant delivery continues to rise, MagicNow’s growth trajectory signals a broader shift in food delivery dynamics  

Sources: Business Standard, The Hindu BusinessLine, Rediff Moneynews.

 

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