Magicpin, a hyperlocal e-commerce startup, has expanded its services into the logistics aggregation vertical with the launch of its new platform ‘Velocity’, as announced on Monday.
According to a statement from the company, Magicpin will serve as an aggregator for its third-party logistics (3PL) partners like Shadowfax, Dunzo, Rapido, Porter, OLA, and Zypp through its platform Velocity. This consolidation of 3PL services under one roof aims to benefit brands and sellers.
Velocity will additionally enable rapid commerce services for specific segments.
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“Velocity by Magicpin empowers businesses to scale effortlessly and thrive in today’s competitive market. With our strategic partnerships and advanced tech, we’re already serving over 20 merchants and delivering 5,000 orders per day. Moving forward, we are planning to scale up significantly, aiming to handle over 1 lakh orders daily within a year,” Magicpin, co-founder, Anshoo Sharma said.
Velocity boasts hyperlocal deliveries completed within 30 minutes, live tracking of workforce based on maps, instant updates on order status in real-time, and integrated customer feedback mechanisms.
The company has already formed partnerships with more than 20 merchants, which include KFC, Burger King, Rebel Foods (Faasos, Oven Story, Behrouz Biryani), and Eat Club (Box8, Mojo Pizza, Mealful Wraps).
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