About Magehold
Magehold is a venture capital firm founded in 2017. It is primarily based out of Hong Kong, China. As of Jun 2023, Magehold has invested in 18 companies. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from High Tech to Consumer and Retail. Most recently it participated in the $***** Seed round of Aquatein A lot of funds co-invest with Magehold, with names like Wellfound sharing a substantial percentage of its portfolio. Magehold has team of 1 people including 1 partners.Magehold's List of Top Investments
Magehold has a portfolio of 18 companies. Their most notable investments are in Settlrs and Supply6.Their portfolio spans across India, Singapore, United States and 1 more locations. They have invested in High Tech, Consumer, Retail and 18 other sectors, across stages such as Seed stage. Here is the list of top investments by Magehold:1. Evenflow
Platform offering acquisition and scaling of e‑commerce businesses. The company acquires online brands from marketplaces and integrates them into its operational ecosystem, covering sourcing, warehousing, inventory, finance, and listing optimization. It then applies growth strategies including branding, performance marketing, catalog management, and platform expansion to accelerate brand reach and performance.
Key facts about Evenflow
- Founded Year: 2021
- Location: Mumbai (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $14.5M
- Employee Count: 123 as on Aug 31, 2026
- Investors: Daoura, Equanimity Investments and 54 Others
- Latest Funding Round: Series A, Mar 28, 2025, $*****
- Highlight: Editors' Pick
2. Supply6
Provider of daily nutritional supplements including vitamins minerals and electrolytes. The product range includes electrolyte powders for hydration, fiber supplements for digestive health, and plant-based protein products. These items are formulated to address common nutritional gaps in daily diets. The offerings are designed to support general wellness goals such as energy levels, immunity, and muscle recovery. All products undergo testing to ensure consistency in formulation.
Key facts about Supply6
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $7.93M
- Employee Count: 42 as on Aug 31, 2026
- Investors: MGA Ventures, Matrix and 67 Others
- Latest Funding Round: Series A, Jul 01, 2026, $*****
- Highlight: Editors' Pick
3. Celcius
Network facilitating refrigerated transportation and storage for perishable cargo goods. This platform connects shippers with transporters to manage the movement of temperature-sensitive items. Services include multi-city logistics, local delivery, and access to certified storage facilities. The system provides tracking capabilities to monitor temperature and transit status for various types of perishable inventory.
Key facts about Celcius
- Founded Year: 2020
- Location: Navi Mumbai (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2024
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $38.4M
- Employee Count: 309 as on Mar 31, 2026
- Investors: BlackSoil, Trifecta Capital and 117 Others
- Latest Funding Round: Venture Debt, Oct 31, 2025, $*****
- Highlight: Editors' Pick
4. Aquatein
Internet first brand offering protein-infused water. It offers a range of infused water products with nutrients and whey isolates which include protein infused water, electrolyte infused water, vitamin infused water, amino acid infused waters, and more. It also provide information on diet, fitness, and healthy lifestyle.
Key facts about Aquatein
- Founded Year: 2019
- Location: Navi Mumbai (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $1.09M
- Employee Count: 20 as on May 31, 2025
- Investors: SM Capital, Salil Chakrabarty Innovation Holdings and 8 Others
- Latest Funding Round: Seed, Jun 28, 2023, $*****
- Highlight: Editors' Pick
5. tune.fm
Blockchain-based music streaming platform. The platform allows users to stream music and earn Jam Tokens. It also rewards musicians with these tokens. The platform algorithm offers music based on genre, location, instrument, and more.
Key facts about tune.fm
- Founded Year: 2011
- Location: Philadelphia (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $70M
- Employee Count: 11 as on Aug 31, 2026
- Investors: LDA, GDA Investments and 6 Others
- Latest Funding Round: PE, Sep 12, 2024, $*****
- Highlight: Editors' Pick
Magehold's Year-on-Year Investment Trends
Magehold has invested in 18 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in The Gaming Project and most recent follow-on round was in Aquatein.Magehold's Investments by Stage
Magehold has made 9 investments in Seed stage with an average round size of $832K.Magehold's Investments by Sector
Magehold has a diverse portfolio, with companies operating in the Consumer, Retail, Transportation and Logistics Tech, Auto Tech and Energy Tech. Notably, it has invested in 16 Tech companies, 13 Consumer (B2C) companies, 7 Enterprise (B2B) companies and at least 7 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 4 |
Retail | 3 |
Transportation and Logistics Tech | 3 |
Auto Tech | 2 |
Energy Tech | 2 |
Others | 16 |
Note: We have considered here, only first round of investments
Magehold's Investments by Geography
Magehold has made most investments in India (9).Magehold's recent investments
Magehold has not made any investment in 2026 so far.Here are the most recent investments by Magehold:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 28, 2023 | India | Seed | 5247 | - | |
Jun 30, 2022 | India | Seed | 9584 | - | |
Jun 13, 2022 | India | Seed | 6659 | [+15] | |
May 05, 2022 | India | Seed | 1200 | [+19] | |
May 03, 2022 | India | Seed | 7676 | [+41] |
Team profile of Magehold
Magehold has a team of 1 member located in China. Magehold's team does not sit on the board of any company as of now.Co-investors of Magehold
Over the past 5 years, 288 investors have co-invested in Magehold's portfolio companies. This includes funds and angels.
- Invested before Magehold: Salil Chakrabarty Innovation Holdings, Eaglewings Ventures and 14 others have invested in rounds before Magehold. There is 1 company where Salil Chakrabarty Innovation Holdings has invested before Magehold and 1 company where Eaglewings Ventures has invested before Magehold.
- Top Co-investors of Magehold: 157 investors entered a company along with Magehold. These include investors like Wellfound (2 companies).
- Invested after Magehold: A total of 115 investors have invested in Magehold's portfolio after their investments. Top Investors include Venture Catalysts (2 companies), Kunal Shah (2 companies) and Angel List (2 companies).
Recent News related to Magehold
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Faad Network, Upsparks, others back cloud gaming firm The Gaming ProjectEnablers•Jun 10, 2022•The Gaming Project, Faad Capital, Upsparks Capital, Black Kite and 3 others
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Faad Network, Upsparks, others back cloud gaming firm The Gaming ProjectVCCircle•Jun 09, 2022•The Gaming Project, Faad Capital, Upsparks Capital, Black Kite and 2 others
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Ecommerce Rollup Startup Evenflow Brands Bags $5 Mn; Aims To Build 20 Indian Brands By 2023Inc42•May 05, 2022•Evenflow, Village Global, 9Unicorns, Venture Catalysts and 9 others
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Settlrs raises USD 1 mn in funding from Canbank Venture Capital, othersIndiatimes•Jan 19, 2022•Settlrs, Canbank Venture Capital Fund, Vinod Jain Family Office, Magehold and 2 others
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PayCardo raised pre-seed round from Singapore-based MaGEHoldYourStory•Sep 20, 2021•PayCardo, Magehold
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EV startup Epick Bikes raises undisclosed amount in pre-Series A round led by MaGEHold Pte. LimitedYourStory•Jul 23, 2021•Epick Bikes, Magehold
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Cold-Chain Marketplace Celcius Raised Seed Funding RoundSMEStreet.in•May 12, 2021•Celcius, Magehold, Keiretsu Forum, Celsius and 1 other
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Health food convenience startup Supply6 raises Rs 1 Cr in seed roundYourStory•Feb 10, 2021•Supply6, The CXO Fund, Magehold
