Ritesh Agarwal leads fresh investment in Magicpin at $165 Mn valuation
Image Credit: shortpedia
Offline discovery and reward platform Magicpin has raised around $3 million in a new tranche led by Oyo’s founder Ritesh Agarwal through his personal special purpose vehicle (SPV) RA Holdings. Existing investors Lightspeed, The Bunting Family and Moonstone have also participated in the tranche. This is the second infusion by the trio in the past 15 months. They invested $3.9 million in the Gurugram-based startup in May 2020.