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Magicpin bags $3 Mn in Series C from Samsung’s Venture fund SVIC

Shortpedia

Content Team
Image Credit: shortpedia

Gurugram-based Samast Technologies, which runs hyperlocal discovery platform Magicpin, has raised INR 22.5 Cr (nearly $3 Mn) in Series C funding round from Samsung Venture Investment Corporation. In May 2020, the company had raised INR 29.18 Cr ($3.8 Mn) in Series C from Lightspeed, Waterbridge Ventures, The Bunting Family Private Fund and Moonstone Investments. Overall, the company has raised INR 192.68 Cr ($28.8 Mn) in Series C so far.