PE-VC Fund Investments
B2B industrial solutions provider Magma raises $3-M
Ahmedabad-based industrial solutions provider Magma has raised an additional USD 3 million as a part of its extended Series A round, totalling the Series A funding to USD 8 million. The round saw participation from Capria Ventures, Avinya Ventures (together investing USD 1.2 million), GVFL Ltd (USD 1.3 million), and AVNM Ventures (USD 500,000).Founded in 2022 by Neal Thakker, Magma helps factories in processing and sourcing raw material, green energy solutions, industrial waste recycling, biomaterials and logistic services.The fresh funding will be used to expand operations into Gujarat, Maharashtra, Karnataka, Rajasthan, and Telangana; strengthen precision manufacturing capabilities; and scale its TerraMag industrial materials brand and Magma Green, its waste management and recycled materials initiative.
Between Jun-22 and Jul-25, Magma had attracted about USD 9.83 M from All In Capital, PointOne Capital, WEH Ventures, General Catalyst Partners, Accion International, Avinya Ventures, Capria Ventures, GVFL, and others.For FY25, Magma had reported about INR 188.68 Cr in Operating Income and about INR 0.52 Cr in PAT.
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