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Magicpin scales up over 83% in FY23; controls losses

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Offline discovery and rewards platform Magicpin grew at a rapid clip with over 83% year-on-year growth during the fiscal year ending March 2023. Reduced spendings on advertising further helped the Gurugram-based company to keep losses in check during the same period. Magicpin’s revenue from operations grew by 83.3% to Rs 297 crore in FY23 from …

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