Latest news with #Magicpin
Time of India
19-05-2025
- Business
- Time of India
Uber to offer logistics services through ONDC network
Uber is set to introduce B2B logistics through the ONDC network, initially focusing on food deliveries before expanding to other sectors like e-commerce and healthcare. This move follows similar initiatives by Ola and Magicpin in the food and beverage segment. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Ride-hailing company Uber is set to roll out B2B logistics through the government-backed Open Network for Digital Commerce (ONDC) network, offering on-demand delivery service to service will begin with food deliveries and later extend to sectors such as ecommerce, grocery, pharmaceuticals, and healthcare logistics, the company said on rival Ola and hyperlocal ecommerce startup Magicpin are already active in the food and beverage (F&B) segment on ONDC. Magicpin's quick delivery offering, MagicNow, currently accounts for 13% of all food delivery orders on the platform, with plans to increase this share to 20% in the coming also provides logistics-as-a-service through the ONDC network Uber had earlier entered the food delivery business in India with Uber Eats, but it sold its operations to food delivery platform Zomato for around $350 million (Rs 2,485 crore) in has also partnered with ONDC to offer metro ticket booking through its app, starting with Delhi Metro Rail Corporation (DMRC) service will soon be extended to three more cities in India, said Prabhjeet Singh, president of Uber India & South Asia, without disclosing further details.'ONDC's protocol, which is now live, scaled, tested, and reliable, enables us to use it to go live with DMRC faster, with a far more reliable infrastructure, and make it available at scale much quicker than we could have otherwise,' he metro tickets on the Uber network will also attract new customers to the platform, Singh Jain, acting chief executive and COO of ONDC, said, 'As a global platform, Uber's initial enablement of metro ticketing and logistics unlocks new possibilities — from seamless multimodal journeys to unifying a fragmented logistics ecosystem.'Jain was appointed as acting CEO of ONDC last week following the resignation of former CEO T Koshy on April recently partnered with ONDC , enabling commuters to book metro tickets through several consumer apps including Rapido and Namma mobility segment of ONDC has seen steady growth, alongside an increase in the logistics sector. In February, ONDC recorded 8.1 million transactions in the mobility category, marking a 47% rise from 5.5 million orders in October which competes with Ola Cabs, Rapido, and others, currently offers ride-hailing services on four-wheelers, autorickshaws, two-wheeler taxis, and buses operated under Uber Shuttle, in addition to hyperlocal deliveries. Earlier this month, it launched Courier XL , a service that expands its logistics product Courier, to enable deliveries of large ET had reported that ride-hailing app Rapido is in talks with restaurateurs to introduce food delivery as a service on its platform, with a pilot programme expected to launch soon in which operates in more than 125 cities across India, has over 1.4 million monthly active drivers in the country, making it the company's third-largest market. According to Uber's chief technology officer Praveen Neppalli Naga, the platform facilitated over a billion trips across India in saw its operating revenue in India grow by 41% in the fiscal year ended March 31, 2024, to touch Rs 3,762 crore. The company managed to reduce its losses on the back of an improvement in its ride-hailing services and growth in its support and service operations.
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Business Standard
19-05-2025
- Business
- Business Standard
Magicpin expands quick commerce arm, MagicNow to drive 20% of food delivery
Hyperlocal retail platform Magicpin expects its rapid delivery vertical, MagicNow, to account for 20 per cent of its total food delivery business by the end of the current financial year, according to co-founder and CEO Anshoo Sharma. Speaking to news agency PTI on Monday, Sharma noted that MagicNow, launched in September 2024, currently contributes 13 per cent of food delivery volumes and is showing robust growth. 'With MagicNow—our 15-minute quick delivery vertical—already contributing 13 per cent of total food delivery orders, we're well on track to scale this to 20 per cent by the end of the financial year,' Sharma said. The service has expanded significantly in recent months, growing from operations to 20 high-density urban areas in six major metros. It has also seen stronger customer engagement, with monthly user retention 10 per cent higher than Magicpin's platform average. According to Sharma, the company has expanded its network of merchant and restaurant partners to over 21,000 from 3,000 since MagicNow's launch. The roster includes national and global chains such as McDonald's, Taco Bell, Chaayos, Wendy's, Faasos, and Burger King, alongside local eateries. Magicpin claims to provide access to 275,000 retailers and about 3,000 brands across various categories, including fashion, food, electronics, grocery, nightlife, and entertainment. MagicNow joins Swiggy, Zepto, Zomato in quick commerce race MagicNow's growth comes amid intensifying competition in India's growing quick commerce space, where platforms promise delivery within 10–15 minutes from neighbourhood fulfilment centres. Once a niche segment, it has rapidly scaled, with analysts at Bernstein estimating the sector will balloon to $35 billion by 2030, up from just $200 million in 2021. Established players are also doubling down. Swiggy has extended its 10-minute food delivery service, Bolt, to over 500 cities and introduced SNACC, an app dedicated to delivering small meals in under 15 minutes. Its grocery service, Instamart, continues to expand, now supported by larger warehouses across 100 cities. Zepto has diversified with Zepto Cafe, offering hot snacks and beverages in 10 minutes, and launched Zepto Atom, an analytics platform aimed at providing brand partners with customer insights. Zomato, meanwhile, has re-entered the race with a 15-minute food delivery service in Delhi-NCR and a pilot initiative called Bistro by Blinkit, enabling ultra-fast service via its quick commerce arm.
Time of India
17-05-2025
- Entertainment
- Time of India
Watch: Family orders 96 cakes to celebrate son's 96% in 12th boards
A Delhi boy's impressive 96% on his class 12th board exams led his family to order a staggering 96 cakes through Magicpin, delivered by Cakezone. The unusual celebration sparked a flurry of reactions on social media, with users praising the parents' gesture while humorously questioning who would consume the massive cake haul and joking about the delivery staff's reaction. The season of exam results is on. From board exams to competitive entrance tests, every other day the news of exam results is flashing on screens, giving some a reason to celebrate and some to introspect and move ahead with motivation. A recent class 12th board result of a Delhi boy became the headlines when the family ordered 96 cakes for the son's 96%. As per reports, the massive order was placed via the Magicpin app and was delivered by Cakezone, and it left delivery staff stunned and social media buzzing with mixed reactions. While some users praised the gesture of the parents, others jokingly wondered who would eat all that cake. Take a look at the video and reactions: One user wrote, 'Wow! I got 33%.' Another commented, 'I got 40 slaps.' Someone joked, 'Ab itna cake khaayega kaun?' A fourth user said, 'Poor Cakezone staff probably thought someone was opening a bakery next door.' Some even joked that Yash now qualifies to rent a house in Bengaluru, saying, 'That's the minimum cutoff.' What do you think of this gesture? Share your thoughts in the comment section. Thumb Image Courtesy: istock All Images Courtesy: istock Can't eat your food without snapping a picture first? Join our Food Photography Contest and stand a chance to win exciting prizes! Click HERE for details. Join our WhatsApp Food Community to discover delicious recipes, enjoy fascinating food stories, and stay updated with the latest food news! Click here One step to a healthier you—join Times Health+ Yoga and feel the change
