E-comm startup magicpin raises $7 mn from Samsung Venture, others

Gurugram-based hyperlocal discovery startup magicpin has raised $7 million as part of its Series D funding from Samsung Venture Investment Corporation. The round also saw participation from existing investors Lightspeed Ventures and WaterBridge Ventures. The Gurugram-based startup has also announced to charge "zero commission" on sales of retailers that will onboard its 'magicstore' platform.