The company has touched double-digit market share in major cities in the last 15 months
Witnessing a growth in the order volume on the open network for digital commerce (ONDC), Magicpin, a food delivery app, has reached nearly 1. Lakh daily food and logistics orders on the network. With this, the company has secured the top spot as the food delivery seller app on the network.
As per the statement from the company, it joined the ONDC network in March last year and has expanded its restaurant partnerships from 22,000 to 70,000 as of September 2024. The company has touched double-digit market share in major cities in the last 15 months.
“We are thrilled with Magicpin’s success on ONDC, where we have reached 1.5 lakh daily orders for food delivery and logistics on the network. 90 per cent of food orders from prominent buyer apps such as Paytm, Tata Neu, and Ola are now fulfilled by Magicpin. We offer a great assortment, demand-side integration, and competitive price points that benefit both customers and merchants alike,” stated Anshoo Sharma, Chief Executive Officer (CEO) and Co-founder of Magicpin.
Sharma also stated that they have notified about an investment of Rs 100 crore to onboard one lakh new restaurants and cloud kitchens on ONDC, and we urge everyone to join us on this journey. The funds are also invested towards offering onboarding incentives like zero commission, zero onboarding fees, major discounts and free home delivery for customers by newly partnered restaurants.
The company has also introduced a self-onboarding tool to help restaurants, small and medium food delivery merchants to join ONDC in under 5 minutes.
