Magma

Magma

Digital marketplace offering end to end manufacturing services platform

Founded

2022

Headquarters

Ahmedabad (India)

Status

Series A

Company Details

Website

Socials

Email

Phone

+91 - 8490005015

Magma is an integrated B2B manufacturing solutions provider . Operating at the intersection of manufacturing, technology, and sustainability, Magma serves as a critical partner for Indian factories, particularly in the ceramics, industrial chemicals, packaging, and sanitary ware sectors. The company has rapidly expanded its reach, now serving over 250 manufacturers across India and establishing a strong presence in key industrial hubs like Morbi.

Core Products and Services

  • Customized Raw Material Supply: High-grade, pre-processed raw materials tailored to industry needs.

  • Green Energy and Biomaterials: Sustainable energy solutions such as biomass, agrowaste, residue, and husk to power industrial operations.

  • Waste Management: Innovative recycling and waste-to-resource programs that promote circularity and reduce environmental impact.

  • End-to-End Logistics Management: Integrated logistics for seamless supply chain operations.

  • Technology Platform: Proprietary “Factory App” and “Supplier App” for one-click procurement, production optimization, global lead generation, and real-time supply chain visibility.

Unique Value Proposition

Magma’s vertically integrated, value-chain-first approach delivers consistency, control, and efficiency at scale. By combining raw materials, green energy, waste management, and logistics with advanced digital tools, Magma enables factories to:

  • Reduce procurement costs and improve yield

  • Accelerate capital rotation and working capital efficiency

  • Access global buyers and markets

  • Achieve sustainability and compliance goals

Business Model & Revenue Streams

  • Direct Sales of Raw Materials and Energy: Primary income from supplying customized raw materials, green fuels, and biomaterials to factories.

  • Technology Platform Fees: Monetization of its proprietary apps and digital procurement solutions, including transaction fees and SaaS-based models.

  • Logistics and Supply Chain Services: Charges for integrated logistics management, including freight, warehousing, and last-mile delivery.

  • Waste Management Solutions: Revenue from recycling services and converting industrial waste into reusable resources.

Growth Strategy

  • Market Expansion: Aggressively expanding across India’s SME and large enterprise manufacturing sectors, with a focus on both demand and supply hubs.

  • Product Innovation: Continuous development of digital tools, AI-driven lead generation, and new green manufacturing solutions.

  • Backward Integration: Investing in captive facilities and R&D to deepen control over the supply chain and improve cost efficiency.

  • Strategic Partnerships: Building alliances with industry associations, large corporates, and government initiatives to scale adoption and influence policy.

  • Geographic Diversification: Strengthening presence in major industrial regions and exploring opportunities in export-oriented manufacturing.

Conclusion 

Magma is a redefining industrial procurement and manufacturing enablement in India. Its integrated solutions, rapid growth, and commitment to sustainability make it a compelling partner for factories aiming to scale efficiently and compete globally. For investors and industry professionals, Magma represents a high-growth, high-impact opportunity in the evolving B2B manufacturing ecosystem.

Key People

Neal Thakker

Ashish Jani

Key Metrics

Total Equity Funding

$6.59 Million

No. of Funding Rounds

3

Latest Funding Round

$5 Million, Series A

as of April 16, 2025

Post Money Valuation

$9.91 Million

as of February 8, 2023

Funding Multiple

1.50

as of February 8, 2023

Investors

General Catalyst

and 10 more

Employee Count

107

Similar Companies

JSW One MSME

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
April 16, 2025Series A$5 Million---Capria, Avinya Ventures, General Catalyst, WEH Ventures , Accion
February 8, 2023Seed$3.3 Million$9.91 Million-- General Catalyst, Titan Capital, WEH Ventures, All In Capital, Accion
June 24, 2022Seed$3.3 Million$9.9 Million-- General Catalyst, Titan Capital, WEH Ventures, All In Capital, PointOne Capital, Amgele Family , Accion, Angel List, GTM Ventures, Alubutu, AL Advisors

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