Magicpin achieves remarkable 83% growth, controls losses in FY23

Magicpin achieves remarkable 83% growth, controls losses in FY23

Magicpin, the offline discovery and rewards platform, surged over 83% in FY23, reporting a revenue growth to Rs 297 crore from Rs 162 crore in FY22. With strategic cost management, losses were curbed as overall expenditure rose by 34.5%, totalling Rs 429 crore. CEO Rajiv Jayaraman stated, "Our focusnremains on sustainable growth."