About Magicrete
Magicrete is a company based in Surat (India) founded in 2008 by Sidharth Bimal Bansal, Sourabh Bansal, and Puneet Mittal. Magicrete has raised $18.13 million across 7 funding rounds from investors including India SME Investments, Niveshaay Hedgehogs and Pritul Jain. Magicrete has completed 1 acquisition, including Maxlite. Magicrete operates in a competitive market with competitors including DuPont, JK Cement, Prism Johnson, HIL and CUMI, among others.
- Headquarter Surat, India
- Founders Sidharth Bimal Bansal, Sourabh Bansal, Puneet Mittal
- Stage Minicorn
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Sectors
Real Estate & Construction
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$18.13 M (USD)
in 7 rounds
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Latest Funding Round
$8.06 M (USD), Seed
Feb 04, 2023
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Investors
India SME Investments
& 36 more
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Employee Count
Not available
- Investments & Acquisitions
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People of Magicrete
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Funding Insights of Magicrete
Magicrete has successfully raised a total of $18.13M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $8.06 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Magicrete
Magicrete has secured backing from 37 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include India SME Investments, Niveshaay Hedgehogs and Pritul Jain.
| Investor | Description | Founded Year | Domain | Location |
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Private equity fund focused on multiple sectors
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Motilal Oswal Alternates is engaged in alternative investment management.
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Private equity investments are directed toward multiple sectors.
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Locked | Locked | Locked |
Investor details for Magicrete
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Investments & Acquisitions by Magicrete
Magicrete has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Maxlite.
Investment portfolio details for Magicrete
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of LED lighting and controls solutions, including commercial charging stations and slim flood lights, with a focus on performance and scalability
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Locked | Locked | 2017 | Locked |
Complete acquisition details for Magicrete
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Financial Statements - Magicrete
Detailed financials for Magicrete
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Magicrete Comparisons
Peer comparison for Magicrete
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Competitors of Magicrete
Magicrete operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DuPont, JK Cement, Prism Johnson, HIL and CUMI, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Developer of chemical products, construction & packaging materials, and water solutions
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Manufacturer of cement, gypsum plaster, tile adhesives, and wood finishing products
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Manufacturer and supplier of building materials
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Roofing solutions and building materials are manufactured by HIL.
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| Locked | Locked | Locked |
Abrasives and ceramic fibers are manufactured by CUMI in India.
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Detailed competitors of Magicrete
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Latest news on Magicrete
Complete news archive for Magicrete
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Frequently Asked Questions about Magicrete
Magicrete was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Magicrete is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Magicrete is a funded company, having raised a total of $18.13M across 7 funding rounds to date.
Magicrete was established in 2008 in Surat, India, within the construction materials sector. Operations focus on producing AAC blocks, wall panels, and precast elements, alongside construction chemicals like dry mix mortars, tile adhesives, grouts, cleaners, waterproofing solutions, block jointing mortars, ready mix plasters, gypsum plasters, and wall putty. These products support building and infrastructure needs across the region.
Magicrete's top competitors include JK Cement, DuPont and Prism Johnson.
Magicrete has made 1 acquisition, including Maxlite.
Magicrete has 37 investors. Key investors include India SME Investments, Niveshaay Hedgehogs, Pritul Jain, Sunita Poddar, and Apoorva Poddar.
The valuation of Magicrete is $74.44M as of Feb 2023.