Magicpin, a WaterBridge portfolio company built around offline retail, added roughly 6,000 new fashion stores from more than 100 brands during FY25. The expansion pushed the platform deeper into apparel and lifestyle, beyond its earlier base in food and everyday spending.

The store additions helped drive about $120 million in fashion sales across the year. The company is led by Anshoo Sharma as it tightens links with brick-and-mortar retailers in the category.

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Credit: Entrackr