# Magma

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/magma

- Industry: Internet
- Headquarters: Ahmedabad, India
- Website: www.magmagroup.in
- Total disclosed funding: $4.5M
- Latest round: Series A (Jul 22, 2025)
- Investors on record: 10

## About

Based in Gujarat, India, and founded in 2022 by its CEO Neal Thakker, Taozen Technologies Private Limited trading as Magma operates as a business-to-business platform that provides a mobile marketplace application for its user to manage production or buy building materials. In December 2025, Magma raised an undisclosed amount of series A funding from unspecified investors. The round was part of a larger USD 8 million series A funding.

Taozen Technologies Private Limited offers a tech-enabled platform for building materials with buyer recommendations, optimizing factory production, and sourcing raw materials. The company's platform partners with factories and raw materials suppliers to offer supply chain services from the supplier to the customer.

The company plans to use the series A funding to scale operations, expand its manufacturing network, strengthen its industrial materials portfolio, and develop new factory-focused solutions across key Indian markets.

## Funding rounds

- Series A, Jul 22, 2025, $1.2M — General Catalyst Partners, GVFL, Accion, Capria Ventures
- Series A, Apr 16, 2025 — General Catalyst Partners, Accion, Capria Ventures, WEH Ventures, Avinya Ventures
- Seed, Jan 6, 2023, $2.8M — General Catalyst Partners, Accion, WEH Ventures, Titan Capital, All In Capital
- Seed, Jun 24, 2022, $0.5M — AngelList Holdings, LLC, WEH Ventures, PointOne Capital, All In Capital

## Investors

- AngelList Holdings, LLC — Seed
- WEH Ventures (https://capitalatlas.ai/funds/weh-ventures) — Seed, Series A
- PointOne Capital (https://capitalatlas.ai/funds/pointone-capital) — Seed
- All In Capital (https://capitalatlas.ai/funds/all-in-capital) — Seed
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed, Series A
- Accion (https://capitalatlas.ai/funds/accion) — Seed, Series A
- Titan Capital — Seed
- Capria Ventures (https://capitalatlas.ai/funds/capria-ventures) — Series A
- Avinya Ventures (https://capitalatlas.ai/funds/avinya-ventures) — Series A
- GVFL (https://capitalatlas.ai/funds/gvfl) — Series A