Magicpin sees 100% yearly rise in brand partnerships

15 Jul 2024 CW Team

Magicpin, an offline fashion discovery and savings platform, announced a significant milestone with a 100% year-on-year increase in brand onboarding. According to them, they have added 1000 brands across fashion, QSR, and fine dining categories.

Additionally, more than 75,000 local merchants were added in the past 12 months, bringing the total count to 2,75,000 merchants and 3,000 brands to date.

They noted that 80% of these merchants became transactional within the first month of joining, experiencing substantial growth during that period.

The company claimed that the retention rate of merchants exceeds 90% over a 12-month period, indicating the long-term effectiveness of their pay-per-conversion model.

Over the last year, Magicpin also became the largest seller app on ONDC (Open Network for Digital Commerce), leveraging its 10 million user base, SAS services from other major participants on the network, and its Delivery as a Service (DaaS) offering for hyperlocal deliveries called Velocity, which was launched in early 2024.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..