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 $13.6M across 8 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.

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.

What is the annual revenue of Magma?

Annual revenue of Magma is between ₹100 Cr and ₹500 Cr as on Mar 31, 2026

Where does Magma rank among its competitors?

Magma ranks 2nd amongst 158 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 Vashi Integrated Solutions, Bulk MRO and Aksum Trademart. Among them, Magma secured the most recent funding round in September, 2025.

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

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

$13.6M in 8 rounds

Latest Funding Round

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

Post Money Valuation

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

Investors

Capria & 28 more

Ranked

2^nd among 158 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2026

Employee Count

26 as on Mar 31, 2026

Similar Companies

IndustryBuying & 182 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	Reports
Taozen Technology Private Limited CIN: U46909GJ2022PTC129358 , India, Active	Feb 14, 2022	₹100 - ₹500 Cr (As on Mar 31, 2026)	27 (As on May 01, 2026)

Magma has raised a total funding of $13.6M over 8 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 17 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	9973166	Series A	2407529	3992053	5677340	4337030
Jul 22, 2025	5648383	Series A	7797205	8696659	2399190	9477048
Apr 21, 2025	9844361	Series A	6725204	5829923	6408521	We Founder Circle

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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.
Contact Info: 1 email address and 1 phone number

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 6m
Mamta Kaushik Thakkar	Independent board member	-	Current	4y 6m

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:

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Top competitors of Magma include Vashi Integrated Solutions, Bulk MRO and Aksum Trademart. 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	Vashi Integrated Solutions 1978, Bhiwandi (India), Unfunded	Distributor of industrial goods and commercial products	-	-	58/100
2nd	Magma 2022, Ahmedabad (India), Series A	Provider of integrated industrial marketplace for manufacturers	$13.6M	Gujarat Venture Finance, Titan Capital & 27 others	64/100
3rd	Bulk MRO 2015, Mumbai (India), Series A	Online B2B platform for industrial supply	$6.69M	Bain Capital, Rebright Partners & 14 others	54/100
4th	Aksum Trademart 2021, Delhi (India), Seed	Provider of steel, commodity polymers, chemicals, paints, sanitary ware, and construction products	$1.03M	Inflection Point Ventures, Soonicorn Ventures ... & 36 others	52/100
5th	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
6th	Toolsvilla 2017, Durgapur (India), Seed	Online marketplace for machinery, tools, and industrial equipment.	$20K	Techstars, Bread and Butter Ventures	50/100
7th	Mjunction 2001, Kolkata (India), Unfunded	B2B portal for Metals & coal trade, and strategic procurement	-	-	43/100
8th	Prodo 2021, Gurugram (India), Deadpooled	Online platform offering manufacturing services through a digital marketplace	$2.28M	LetsVenture, Firstport Capital & 102 others	43/100
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

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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. The cap table displayed below is for Taozen Technology Private Limited which is the legal entity associated with Magma.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	39.32%	101Cr	2104354	2238356	1839132	9320954
Neal Thakker	2617222	3001456	3577423	4216867	1540658	7546125
Fund	44.53%	114Cr	9816254	2368996	5110142	6867379
Gujarat Venture Finance	6409	3229	3278	3218	9693	4473
Capria	17	30	82	58	90	46
Avinya Ventures	6	5	7	8	2	4
Enterprise	0.58%	1.48Cr	0	0	0	0
Angel	3.78%	9.67Cr	254	656	278	910
Sanjiv Rangrass	0	0	0	0	0	0
Other People	0.40%	1.02Cr	0	0	0	0
ESOP Pool	11.40%	29.2Cr	5992592	5493408	9490560	6853066
Total	100.00%	256Cr	4489594	7969701	4347199	6375482