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Magma raises $5 Mn in Series A round led by Capria Ventures

EntrackrEntrackr · 3m ago
Magma raises $5 Mn in Series A round led by Capria Ventures
Medial

Magma, a B2B industrial solutions provider, has raised a $5 million Series A funding round, led by Capria Ventures. The round also saw participation from Avinya Ventures, Sanjiv Rangrass, and existing backers General Catalyst, Accion Venture Lab, and WEH Ventures. The Ahmedabad-based company had previously raised $3.3 million from General Catalyst, Accion Venture Lab, Titan Capital, WEH Ventures, and more. The fresh funds will be used to strengthen its position across core factory offerings, expand backward integration capabilities, and accelerate technological investments that enhance procurement agility for customers. Founded in 2022 by Neal Thakker, Magma is a B2B industrial solutions provider enabling Indian factories to scale efficiently and sustainably. Through a vertically integrated ecosystem spanning raw material customization, green energy, biomaterials, waste management, and logistics, it aims to build the infrastructure backbone for India’s manufacturing sector. Magma enables factories to access high-quality customized raw materials, power their operations with green energy and biomaterial solutions, and manage waste responsibly by converting it into recyclable inputs. By building deep supply-side capabilities, the company has created a value-chain-first model that delivers consistency, control, and efficiency at scale while staying agile to customer needs. Since its inception, Magma has built a diverse client base of over 250 industrial customers across various sectors, including ceramics, industrial chemicals, and packaging. The company is currently growing at a Rs 250 crore revenue run rate and has been operationally profitable. Looking ahead, Magma aims to achieve a Rs 1,000 crore revenue run rate within the next 24 months, driven by rapid adoption across India’s SME manufacturing sector.

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Ice cream brand Go Zero raises $1.5 Mn

EntrackrEntrackr · 1y ago
Ice cream brand Go Zero raises $1.5 Mn
Medial

Ice cream brand Go Zero has raised $1.5 million in its follow-on pre-Series A funding round from DSG Consumer Partners, Saama, and V3 Ventures, among others. The round also saw participation from notable angel investors such as Arjun Purkayastha. Earlier in August last year, the startup had raised $1 million in its pre-Series A funding round led by DSG Consumer Partners, Saama, and V3 Ventures. Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The startup claims that all its products are sweetened with plant-based sweeteners, which are low in calories. Currently present in 16 cities and over 125 dark stores, Go Zero ice cream brand is available on both quick commerce and e-commerce platforms in less than two years of launch. In FY24, Go Zero claims to have grown 4X compared to FY23 and while it saw 7X growth on quick commerce in just 5 months this summer. Go Zero competes with Hocco and NIC. Last year, NIC had raised $11 million in a growth funding round led by Jungle Ventures whereas Hocco recently raised $12 million from Chona family and others.

Spacetech startup SatSure raises $15 Mn in Series A funding

EntrackrEntrackr · 1y ago
Spacetech startup SatSure raises $15 Mn in Series A funding
Medial

SatSure, a satellite Earth observation data and analytics provider, has secured $15 million in a Series A round led by Baring Private Equity Partners (BPEP) and Promus Ventures, with participation from Omidyar Network India and xto10X, alongside existing investors. The funding will support the launch of four high-resolution satellites by Q4 2025 and expand the company's presence in the US and Asia-Pacific regions. SatSure leverages satellite imagery and AI to provide decision intelligence for industries like agriculture and banking, aiming to enhance profitability and operational efficiency. The funding follows a $5 million pre-Series A round in February 2022 and strategic funding from ICICI and Kotak Mahindra Bank.

Supermoney raises $3.4 Mn in Series A round

EntrackrEntrackr · 1y ago
Supermoney raises $3.4 Mn in Series A round
Medial

Supermoney, an SME-focused digital lending platform, has raised $3.4 million Rs 28.6 crore in its Series A round from Capital 2B and Capria Ventures. In February 2020, the startup had raised $1 million (Rs 7 crore) from early-stage investor Unitus Ventures. The proceeds will be used to ramp up the platform’s growth and expand disbursements, Supermoney said in a press release. Founded in 2018 by Nikhil Banerjee, Supermoney is a digital platform that provides working capital solutions to businesses by offering customized payment and finance solutions designed specifically for their supply chain. According to the Mumbai-based startup, it has established partnerships with major brands across sectors such as electronics, pharmaceuticals, steel, auto parts, and automotive. Operating in over 40 locations, Supermoney has 30,000 retailers/dealers, over 50 anchors and more than 500 distributors across India on the platform.

Probus raises $5 Mn led by Unicorn India Ventures

EntrackrEntrackr · 4m ago
Probus raises $5 Mn led by Unicorn India Ventures
Medial

Probus raises $5 Mn led by Unicorn India Ventures IoT Communications and data analytics startup Probus Smart Things has raised $5 million in Series A1 led by Unicorn India Ventures. The round also saw participation from US-based and Indian family offices. The current round is a mix of equity and debt financing. Probus has raised over $8 million in funding to date including a $3 million Series A round in March 2023. The proceeds will be used for ramping up its current communications tech stack into multiple smart grid and renewable applications along with the development of existing expertise into AI integration with its patented communications and networking stacks. It will also be investing in scaling its innovative dual communications network interface modules for smart metering currently being deployed across various states in India. Founded by Anand Singh, Probus develops integrated hardware and software solutions for utility providers and helps digitize their distribution grid and have a clear visibility of their network through Probus integrated end-to-end IoT platform. Probus claims to have built an order pipeline of Rs 400 crore growing 10X in revenues while growing 3X year-on-year. The company has filed for 4 patents, tripled the team size, and opened an Innovation Center in Noida along with project offices in Mumbai and Ahmedabad.

InstaAstro raises $2.3 Mn led by Artha Venture Fund

EntrackrEntrackr · 1y ago
InstaAstro raises $2.3 Mn led by Artha Venture Fund
Medial

Online astrology platform InstaAstro has raised Rs 18.50 crore in its pre-Series A round led by Artha Venture Fund. The round also saw participation from LogX Ventures, Singularity Ventures, IR Capital Partners, Blume Founders Fund and Aloke Bajpai, MD & CEO of Ixigo. In November 2021, InstaAstro had raised Rs 3.2 crore in a seed round led by Artha Venture Fund along with Ramakant Sharma’s LogX Ventures. With fresh funds, InstaAstro is launching new spiritual e-commerce, daily pooja, and reiki healing services. As per the company, these offerings would deepen the platform’s user engagement and provide access to a comprehensive spiritual and astrological guidance ecosystem. Founded by Nitin Verma, InstaAstro claims to have over 200,000 monthly app installs, 50,000 minutes per day in consultations, and an ARR of $5 million. It offers horoscopes, tarot readings, and numerology in English, Hindi, and various regional languages. The startup has a total user base of over 5 million users and provided a cumulative consultation of more than 2 crore (20 million) minutes to its subscribers in FY24. The firm has 1,500 astrologers on its platform. It competes with GaneshaSpeaks, AstroTalk, Click Astro, and Bodhi. In the past 12 months, a clutch of astro and spiritual tech startups raised funds. The list included AstroTalk, Vama, Utsav, DevDham (previously DevDarshan), and Melooha. As per Entrackr’s sources, Bodhi is also in talks to raise a new round. AstroTalk had raised the largest funding ($20 million) among the astro and spiritual tech startups.

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures

EntrackrEntrackr · 2m ago
Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures
Medial

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact. Shashank Pathak 05 May 2025 11:12 IST Follow Us New Update Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact, Supermorpheus, and returning investor Cocoon Capital have also participated. The total funding raised by the Bengaluru-based startup now stands at $4.02 million. The proceeds will be used to scale up manufacturing and expand its team. Founded in 2019 by Animesh Kumar Jha, Volt14 focuses on developing silicon-based anode materials for lithium-ion batteries. It has also developed an in-house cylindrical battery cell format demonstrating energy density enabled by its silicon anode. Volt14 claims that its technology increases silicon content in anodes while maintaining performance levels and is currently being evaluated by multiple battery cell manufacturers. According to market research, the lithium-ion battery sector is projected to exceed $300 billion by 2034, driven by electric vehicle adoption and energy storage expansion. Blume Ventures, the lead investor in this round, is also one of the early backers of Battery Smart, which is the most funded startup in the space.

Agritech startup Agrizy raises $9.8 million in funding led by Accion, Omnivore

Economic TimesEconomic Times · 11m ago
Agritech startup Agrizy raises $9.8 million in funding led by Accion, Omnivore
Medial

Agrizy, a B2B agri-processing platform, has raised $9.8 million (Rs 82 crore) in its Series A round of funding co-led by Accion and Omnivore, with participation from new investors Capria Ventures, Thai Wah Ventures, while existing investor Ankur Capital has doubled down. This brings the total funds raised by Agrizy to $17.3 million including a $5 million debt round. Its $2.5 million seed round was led by Ankur Capital with participation from Omnivore. The proceeds will be used to expand its services into new product areas and geographies, develop advisory services, and offer financial services for processing businesses and farmer-producer organizations. Founded in 2020, Agrizy offers customised solutions designed to address the needs of the processed agrifood value chain. Its business to business platform enables agrifood processors to procure pre-processed and semi-processed agrifood products, providing end to end fulfilment services through quality assurance, logistics, and payment offerings. The Bengaluru-based company says that its value added processing services provide custom-processed agro food products supply for large agrifood processors and brands, increasing capacity utilisation and profitability for SME processors. Additionally, its fintech services provide working capital for processors from formal lenders at competitive rates. Agrizy competes with the likes of Copia, AgroFresh, and Hazel Technologies.

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