<ul><li>Hyperlocal e-commerce platform Magicpin has reduced its platform fee to Rs 5 per delivery.</li><li>The new fee is half the rate charged by competitors like Zomato and Swiggy.</li><li>Magicpin's CEO, Anshoo Sharma, announced the reduction and assured users that the lower rate would remain until the end of 2024.</li><li>The move aims to balance the needs of customers and delivery personnel, resulting in a two-fold increase in orders during the Diwali season.</li></ul>

Hyperlocal e-commerce platform Magicpin cuts platform fee to Rs 5 per delivery

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