Magicpin’s food delivery biz turns Ebitda positive in Q1
The food delivery business of hyperlocal delivery startup magicpin turned Ebitda (earnings before interest, tax, depreciation and amortisation) positive in the April-June quarter as it increased focus on the value segment.
“We are now Ebitda positive in the food delivery business,” Anshoo Sharma, co-founder and CEO of magicpin told FE in an interaction.
