Magicpin plans to invest Rs 100 crore to onboard 1 lakh cloud kitchen, resturants
Online location intelligence platform Magicpin has plans to invest Rs 100 crore to onboard 1 lakh new restaurants and cloud kitchens on ONDC (Open Network for Digital Commerce). As per the firm the funds would be utilized towards offering onboarding incentives like zero commission, zero onboarding fees, major discounts, and free home delivery for customers by newly partnered restaurants.
The firm has also introduced a self-onboarding tool to help restaurants and small & medium food delivery merchants to join ONDC in under 5 minutes.
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