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. 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 $132M in funding in 2026 to date.

What is the annual revenue of Magma?

Annual revenue of Magma is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

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, 2025

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	Documents
Taozen Technology Private Limited CIN: U26100GJ2022PTC129358 , India, Active	Feb 14, 2022	₹100 - ₹500 Cr (As on Mar 31, 2025)	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	6214753	Series A	5473241	6323813	4035708	4605944
Jul 22, 2025	4345794	Series A	9607202	6319721	1968146	8115258
Apr 21, 2025	4076780	Series A	7822990	1040746	2350364	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	55/100
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.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	39.32%	101Cr	8748768	7536672	1103484	3197989
Neal Thakker	4145518	2779953	7886046	4437248	4167461	1572916
Fund	44.53%	114Cr	1422993	7473469	5830944	7062203
Gujarat Venture Finance	7480	7356	2292	4101	8666	3988
Capria	19	37	48	27	85	56
Avinya Ventures	6	4	6	7	7	1
Enterprise	0.58%	1.48Cr	0	0	0	0
Angel	3.78%	9.67Cr	568	420	858	284
Sanjiv Rangrass	0	0	0	0	0	0
Other People	0.40%	1.02Cr	0	0	0	0
ESOP Pool	11.40%	29.2Cr	1558428	5864574	8239140	8548376
Total	100.00%	256Cr	3119998	2109746	6980739	8198310