Magicpin targets 10 lakh merchants on Vera AI assistant by 2026

After onboarding 5 lakh merchants in three months and clocking 50 lakh interactions across 25 verticals, Magicpin is doubling down on Vera with a USD 1 million AI bet. The assistant now spans 300+ cities, led by Bengaluru (1.23 lakh) and Delhi (1.08 lakh), as the platform pushes deeper into restaurant and retail SMB tooling.

— Source publishedSun, 14 Jun, 2026, 10:38 IST·First seen Sun, 14 Jun, 2026, 10:57 IST·Source ET Small Business

What happened

Magicpin · magicpin aims to onboard over 10 lakh merchants on its AI assistant Vera by end-2026, after 5 lakh signed up in three months. Backed by a USD 1

Key facts

  • 10 lakh merchants by 2026
  • 5 lakh merchants onboarded
  • 50 lakh interactions
  • 25 business verticals
  • 300+ cities
  • USD 1 million AI investment
  • Bengaluru 1.23 lakh
  • Delhi 1.08 lakh

Why this matters

Magicpin's deepening AI stack across 300+ cities makes it a strategic consolidator or partner candidate in restaurant/retail SMB enablement—map adjacencies before Vera locks in merchant share.