When was Magma founded?

Magma was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Magma located?

Magma is headquartered in Ahmedabad, India. It is registered at 2nd Floor, 9th Avenue, B/H Rajpath Club, Bodakdev, Thaltej, Ahmedabad, Daskroi, Gujarat, India, 380059.

Who is the current CEO of Magma?

Neal Thakker of Magma. They have also founded 1 company.

Which legal entities is Magma associated with?

Magma is associated with Taozen Technology Private Limited.

How many employees does Magma have?

As of Mar 31, 2026, the latest employee count at Magma is 26.

Is Magma a funded company?

Magma is a funded company, having raised a total of $12.7M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 24, 2022.

How much is Magma worth?

The latest valuation of Magma is $***** as of Sep 17, 2025. This marks a decline of 1% from its peak valuation of $29.2M in Jun, 2022. This marks a decline of 1% from its peak valuation of $29.2M in Jun, 2022.

When was the latest funding round of Magma?

Magma's latest funding was a $***** Series A round on Sep 17, 2025, with participation from 4 investors. Its primary sector is Manufacturing Tech. In India, the Manufacturing Tech sector has seen $83.5M in funding in 2026 to date.

What is the annual revenue of Magma?

Annual revenue of Magma is ₹189Cr as on Mar 31, 2025.

Where does Magma rank among its competitors?

Magma ranks 2nd amongst 135 active competitors, of which 10 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Magma, which secured $3M in Sep, 2025.

Who are the top competitors of Magma?

Magma's top competitors include Aksum Trademart, Bulk MRO and Mjunction. Among them, Magma secured the most recent funding round in September, 2025.

Magma - 2026 Company Profile, Team, Funding, Competitors & Financials

Magma is a series A company based in Ahmedabad (India), founded in 2022 by Neal Thakker. It operates as a Provider of integrated industrial marketplace for manufacturers. Magma has raised $12.7M in funding from Capria and Gujarat Venture Finance, with a current valuation of $*****. The company has 135 active competitors, including 10 that are funded. Its top competitors include companies like Aksum Trademart, Bulk MRO and Mjunction.

Company Details

Provider of integrated industrial marketplace for manufacturers. The company supplies customized raw materials, sustainable bio-based fuels, waste recycling solutions, and integrated logistics to manufacturers. It also offers technology platforms for procurement, logistics management, and ESG reporting. It serves manufacturers primarily in sectors such as ceramics, industrial chemicals, and industrial packaging.

Website: magmagroup.in
Social
Email ID: *****@magmagroup.in
Phone Number: +91 **********
Registered Address: 2nd Floor, 9th Avenue, B/H Rajpath Club, Bodakdev, Thaltej, Ahmedabad, Daskroi, Gujarat, India, 380059

Key Metrics

Founded Year

2022

Location

Ahmedabad, India

Stage

Series A

Total Funding

$12.7M in 7 rounds

Latest Funding Round

Series A, Sep 17, 2025, $*****

Post Money Valuation

$***** as on Sep 17, 2025

Investors

Capria & 26 more

Ranked

2^nd among 135 active competitors

Annual Revenue

₹189Cr as on Mar 31, 2025

Employee Count

26 as on Mar 31, 2026

Similar Companies

Mjunction & 141 more

View Magma's full profile

Magma is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Taozen Technology Private Limited CIN: U26100GJ2022PTC129358 , India, Active	Feb 14, 2022	$22.4M (As on Mar 31, 2025)	26 (As on Mar 01, 2026)

Magma has raised a total funding of $12.7M over 7 rounds. Its first funding round was on Jun 24, 2022. Its latest funding round was a Series A round on Sep 17, 2025 for $*****. 4 investors participated in its latest round. Magma has 15 institutional investors and 12 angel investors.

Here is the list of recent funding rounds of Magma:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 17, 2025	8386686	Series A	1613793	7042767	7961556	2631683
Jul 22, 2025	4594587	Series A	9150724	6416184	5828640	8120827
Apr 17, 2025	6458890	Conventional Debt	2441852	5539151	Capria	Avinya Ventures & 4 more

Access funding benchmarks and valuations. Sign up today!

View details of Magma's funding rounds and investors

The founders of Magma is Neal Thakker. Neal Thakker is the CEO of Magma.

Here are the details of Magma's key team members:

Neal Thakker: Founder & CEO of Magma. They serve on the board of 1 company.

Magma's Board of Directors

Magma's board has 2 active members. Neal Thakker is part of team and Mamta Kaushik Thakkar is independent board member.

Here is the list of Magma's board of directors:

Name	Type	Representing	Status	Duration
Neal Thakker	Team	-	Current	4y 3m
Mamta Kaushik Thakkar	Independent board member	-	Current	4y 3m

View details of Magma's Founder profiles and Board Members

Magma's employee count trend

Magma has 26 employees as of Mar 26. Here is Magma's employee count trend over the years:

Uncover Magma's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Magma include Aksum Trademart, Bulk MRO and Mjunction. Here is the list of Top 10 competitors of Magma, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Aksum Trademart 2021, Delhi (India), Seed	Provider of steel, commodity polymers, chemicals, paints, sanitary ware, and construction products	$1.03M	Inflection Point Ventures, Faad Capital & 36 others	61/100
2nd	Magma 2022, Ahmedabad (India), Series A	Provider of integrated industrial marketplace for manufacturers	$12.7M	Accion, General Catalyst & 25 others	54/100
3rd	Bulk MRO 2015, Mumbai (India), Series A	Online B2B platform for industrial supply	$6.69M	Y Combinator, Rebright Partners & 14 others	54/100
4th	Mjunction 2001, Kolkata (India), Unfunded	B2B portal for Metals & coal trade, and strategic procurement	-	-	51/100
5th	ToolsVilla 2015, Kolkata (India), Seed	Online platform offering industrial equipment, and supplies	$170K	Techstars, Bread and Butter Ventures	51/100
6th	IndustryBuying 2013, Delhi (India), Series C	Online retailer of industrial goods business supplies and maintenance equipment	$26.4M	Elevation Capital, Kalaari Capital & 17 others	50/100
7th	Vashi Integrated Solutions 1978, Bhiwandi (India), Unfunded	Distributor of industrial goods and commercial products	-	-	45/100
8th	Prodo 2021, Gurugram (India), Deadpooled	Online platform offering manufacturing services through a digital marketplace	$2.28M	Inflection Point Ventures, Firstport Capital ... & 102 others	42/100
9th	Industrylane 2016, Bengaluru (India), Unfunded	B2B e-distributor for Industrial tools and supplies	-	-	42/100
10th	Goospares 2011, Chennai (India), Unfunded	Online B2B marketplace for MRO products	-	-	42/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Magma's competitors? Click here to see the top ones

Founders own 39.32%, Funds (largest shareholder) own 44.53%, Enterprises own 0.58% and Angels own 3.78%. The net worth of Magma's founders is INR 101Cr as of Sep 17, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	39.32%	101Cr	4418276	4611181	4824742	8112152
Neal Thakker	1590019	3008675	1245251	3459753	7227901	4869872
Fund	44.53%	114Cr	9423901	2636523	7291383	8359059
General Catalyst	5452733	8312982	3261439	4659224	5081440	6740381
Accion	640170	617490	915677	301425	752012	831643
Gujarat Venture Finance	9221	2325	9689	9918	8168	6670
Capria	67	23	82	18	74	28
Avinya Ventures	1	8	4	5	6	1
Enterprise	0.58%	1.48Cr	0	0	0	0
Angel	3.78%	9.67Cr	602	179	989	960
Sanjiv Rangrass	0	0	0	0	0	0
Other People	0.40%	1.02Cr	0	0	0	0
ESOP Pool	11.40%	29.2Cr	2160711	3139511	6767560	1324716
Total	100.00%	256Cr	8927100	5697046	8126993	4126842