Magicpin Becomes Largest Restaurant Aggregator On ONDC With 22,000 Outlets

Plans to add 5,000 more restaurants to its network in three months; Besides tech integration on ONDC, the firm will also be fulfilling all backend logistics related to ordering and delivery

Aryaman Gupta Business Standard New Delhi
ONDC

With this, the company has become the largest restaurant aggregator which has joined the ONDC network

Listen to This Article

magicpin, a Gurugram-based brand discovery platform, said on Wednesday that it has registered with the Open Network for Digital Commerce (ONDC), a non-profit company set up by the Department for Promotion of Industry and Internal Trade (DPIIT) of the Government of India.

The company brought with it a network of over 22,000 restaurants from across the country, 7,000 of which are in Delhi NCR and more than 6,500 in Bengaluru. The platform plans to add another 5,000 restaurants to the network in the next three months.



Besides tech integration on ONDC, magicpin will also be fulfilling all backend logistics related to ordering and delivery.

“It was the speed of onboarding and magicpin’s strength in backend logistics in food ordering and delivery that impressed us the most. Within a few weeks of onboarding, nearly 20,000 plus restaurants were added and still counting,” said T Koshy, MD and CEO, ONDC.



With this, the company has become the largest restaurant aggregator which has joined the ONDC network.



“We believe working jointly with ONDC under Mr T Koshy and his team, besides network partners, will fast track this journey. Just like ONDC, for us too it’s a nation building and connecting exercise for the physical retail ecosystem of this country and with our backend strength and reach, we believe that we can bring 360-degree prosperity to all stakeholders, including consumers, offline retailers and online platforms across the spectrum,” said Anshoo Sharma, CEO and co-founder, magicpin.

magicpin is India’s largest platform for shopping and savings from local stores and provides a platform for end-to-end fulfilment, from ordering and POS systems to lastmile delivery, across categories such as food, pharmacy, grocery, and fashion. The company has a current user base of over 10 million.

First Published: Mar 29 2023 | 4:26 PM IST

RECENT NEWS

Citigroups Fat-Finger Error: Lessons In Financial Oversight

The financial world was taken aback when Citigroup, one of the largest global banks, was fined £62 million by UK regula... Read more

Titi Coles Legacy In Finance: Pioneering Diversity And Leadership

Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more

Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape

As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more

The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma

In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more

The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty

In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more

Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction

In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more