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
-
Sectors
Real Estate & Construction
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$18.13 M (USD)
in 7 rounds
-
Latest Funding Round
$8.06 M (USD), Seed
Feb 04, 2023
-
Investors
India SME Investments
& 36 more
-
Employee Count
Employee Count
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Seed — $8.1M
-
First Round
First Round
(25 Mar 2010)
- Investors Count 37
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Seed - Magicrete | Valuation | India SME Investments | |
| Jan, 2023 | Amount | Angel Round - Magicrete | Valuation |
investors |
|
| Jun, 2017 | Amount | Angel Round - Magicrete | Valuation | Rajesh Poddar |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity fund focused on multiple sectors
|
Founded Year | Domain | Location | |
|
Motilal Oswal Alternates is engaged in alternative investment management.
|
Founded Year | Domain | Location | |
|
Private equity investments are directed toward multiple sectors.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Magicrete
Magicrete has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Maxlite. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Provider of LED lighting and controls solutions, including commercial charging stations and slim flood lights, with a focus on performance and scalability
|
2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Magicrete
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magicrete Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of chemical products, construction & packaging materials, and water solutions
|
|
| domain | founded_year | HQ Location |
Manufacturer of cement, gypsum plaster, tile adhesives, and wood finishing products
|
|
| domain | founded_year | HQ Location |
Manufacturer and supplier of building materials
|
|
| domain | founded_year | HQ Location |
Roofing solutions and building materials are manufactured by HIL.
|
|
| domain | founded_year | HQ Location |
Abrasives and ceramic fibers are manufactured by CUMI in India.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Magicrete
Frequently Asked Questions about Magicrete
When was Magicrete founded?
Magicrete was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is Magicrete located?
Magicrete is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Is Magicrete a funded company?
Magicrete is a funded company, having raised a total of $18.13M across 7 funding rounds to date. The company's 1st funding round was a Angel Round of $388.36K, raised on Mar 25, 2010.
What does Magicrete do?
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.
Who are the top competitors of Magicrete?
Magicrete's top competitors include JK Cement, DuPont and Prism Johnson.
How many acquisitions has Magicrete made?
Magicrete has made 1 acquisition, including Maxlite.
Who are Magicrete's investors?
Magicrete has 37 investors. Key investors include India SME Investments, Niveshaay Hedgehogs, Pritul Jain, Sunita Poddar, and Apoorva Poddar.
What is Magicrete's valuation?
The valuation of Magicrete is $74.44M as of Feb 2023.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.