About Magma Group
Magma Group is a company based in Ahmedabad (India) founded in 2022 by Neal Thakker. It operates as a B2B2C and Managed Services. Magma Group has raised $12.26 million across 8 funding rounds from investors including Angel List, Accion and All In Capital. The company has 1 employees as of April 05, 2024. Magma Group offers products and services including Customized Raw Materials, Waste Management, Clean Energy, Bio Materials, and TerraMag. Magma Group operates in a competitive market with competitors including Mogli Labs, Fastenal, ToolsVilla, Ruigu and Wootz.work, among others.
- Headquarter Ahmedabad, India
- Employees 1 as on 05 Apr, 2024
- Founders Neal Thakker
- Stage Minicorn
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Taozen Technology Private Limited
- Date of Incorporation 14 Feb, 2022
- Jurisdiction Daskroi, Gujarat, India
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Annual Revenue
$2.79 M (USD)0as on Mar 31, 2023
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Net Profit
-$111.88 K (USD)0as on Mar 31, 2023
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EBITDA
-$114.52 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$12.26 M (USD)
in 8 rounds
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Latest Funding Round
$3 M (USD), Series A
Dec 18, 2025
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Investors
Angel List
& 26 more
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Employee Count
1
as on Apr 05, 2024
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Products & Services of Magma Group
Magma Group offers a comprehensive portfolio of products and services, including Customized Raw Materials, Waste Management, Clean Energy, Bio Materials, and TerraMag.
High-grade raw materials are provided for critical production needs.
End-to-end waste aggregation and recycling solutions are offered.
Reliable clean gases are supplied for industrial operations.
Sustainable bio-based fuels are provided for industrial energy.
Industrial powders, compounds, and glazes are manufactured and supplied.
Funding Insights of Magma Group
Magma Group has successfully raised a total of $12.26M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in December 2025. 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 Magma Group
Magma Group has secured backing from 27 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Accion and All In Capital.
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Venture capital firm investing in applied generative AI
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Early-stage venture capital investing in startups with founder market fit.
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Investor details for Magma Group
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Investments & Acquisitions by Magma Group
Investment portfolio details for Magma Group
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Financial Statements - Magma Group
Detailed financials for Magma Group
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Magma Group Comparisons
Peer comparison for Magma Group
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Competitors of Magma Group
Magma Group 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 Mogli Labs, Fastenal, ToolsVilla, Ruigu and Wootz.work, among others.
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B2B e-commerce and supply chain management solutions are provided.
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Industrial tools and equipment are distributed online to various sectors.
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Industrial equipment and supplies are offered via an online platform.
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MRO tools and supplies are supplied online by Ruigu.
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Productivity tools for creative professionals are offered online.
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Steel, polymers, chemicals, paints, and construction products are supplied.
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Detailed competitors of Magma Group
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Latest news on Magma Group
Complete news archive for Magma Group
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Frequently Asked Questions about Magma Group
Magma Group was founded in 2022.
Magma Group is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Neal Thakker is the current CEO of Magma Group. They have also founded this company.
Magma Group is a funded company, having raised a total of $12.26M across 8 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Magma Group is 1.
Annual revenue of Magma Group is $2.79M as on Mar 31, 2023.
End-to-end industrial solutions are offered by Magma Group to empower manufacturers across India. Critical inputs and services, including customized raw material supply, waste management, clean energy solutions, biomaterials, and integrated logistics, are provided to optimize factory operations. Sectors such as industrial ceramics, chemicals, and packaging are served, with a focus on sustainability and efficiency. Over 250 manufacturers, from SMEs to large enterprises, are supported with innovative and cost-effective solutions to enhance production performance while reducing environmental impact.
Magma Group's top competitors include Aksum Trademart, Fastenal and Mogli Labs.
Magma Group offers Customized Raw Materials, Waste Management, Clean Energy, Bio Materials, and TerraMag.
Magma Group has 27 investors. Key investors include Angel List, Accion, All In Capital, Gujarat Venture Finance, and WEH Ventures.
The valuation of Magma Group is $9.91M as of Jun 2022.