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Magma closes Series A round at $8 Mn

EntrackrEntrackr ยท 4d ago
Magma closes Series A round at $8 Mn
Medial

Snippets Magma closes Series A round at $8 Mn Industrial B2B solutions provider Magma has closed its Series A round at $8 million, following an additional $3 million extension to its previously announced $5 million raise in April 2025. Gyan Vardhan 18 Dec 2025 14:01 IST Follow UsNew UpdateIndustrial B2B solutions provider Magma has closed its Series A round at $8 million, following an additional $3 million extension to its previously announced $5 million raise in April 2025. The $3 million fresh infusion includes $1.2 million from its existing investors Capria Ventures and Avinya Ventures, $1.3 million from the Gujarat Governmentโ€™s VC arm, GVFL, and $0.5 million from AVNM Ventures.Magma has raised a total of $11.3 million to date, including $3.3 million in seed funding.The proceeds will be deployed to scale its operations across Gujarat, Maharashtra, Karnataka, Rajasthan, and Telangana; strengthen precision manufacturing networks, accelerate the growth of TerraMag, its advanced industrial materials brand, and introduce new factory-focused solutions, Magma said in a press release.Launched in 2022 by Neal Thakker, Magma builds an โ€˜Industrial Operations Stackโ€™ for factories and contract manufacturers. With deep proximity to industrial clusters and a fundamentals-driven, profitability-first approach, the company works closely with mid-market manufacturers to modernise production, improve throughput, and bring transparency to supply and demand in Indiaโ€™s fragmented industrial ecosystem.Magma claims to have over 250 industrial customers across ceramics, industrial chemicals, paper, polymers, plastics and packaging sectors including Reliance, Adani and Arvind Group among others. With a footprint across 12 states in India, the startup serves a wide range of industries, including chemicals, packaging, polymers, paper, plastics, ceramics, and more. The Ahmedabad-based startup plans to double down on Magma Green, a green manufacturing and materials platform delivering waste-management and recycled-materials solutions across the paper, plastic, agro, and sawdust value chains. Capria Ventures is a global south-focused venture capital firm investing in applied AI innovations shaping the future of emerging markets like India, Southeast Asia, Africa, and Latin America. With over $200 million in AUM, the firm backs high-growth startups that embed AI to transform foundation sectors such as jobs, finance, healthcare, agriculture, and enterprise solutions.

Exclusive: Eduvanz secures bridge round at 35% lower valuation

EntrackrEntrackr ยท 10m ago
Exclusive: Eduvanz secures bridge round at 35% lower valuation
Medial

Exclusive: Eduvanz secures bridge round at 35% lower valuation Education loan provider Eduvanz has secured Rs 25.52 crore in a bridge funding round co-led by Juvo Ventures and Capria Fund, with additional participation from Peak XV and Unitus Ventures. Eduvanz's board has approved a special resolution to issue 26,405 preference shares at an issue price of Rs 9,667 each, raising Rs 25.52 crore, according to a regulatory filing accessed from the RoC. Capria Fund and Juvo Ventures contributed Rs 8.65 crore and Rs 8.57 crore, respectively, while Peak XV and Unitus Ventures invested Rs 4.28 crore and Rs 4 crore. According to the filings, the newly raised funds will be utilized for working capital, product development, and marketing initiatives. Entrackr estimates Eduvanz's post-allotment valuation at approximately Rs 551 crore, reflecting a 35% decline from its last extended Series B round, where the company was valued at Rs 850 crore. Eduvanz provides loans to students to finance their school, coaching, and test prep fees. Salaried and self-employed individuals can also seek loans from it to fund their up-skilling expenses. After the bridge round, Peak XV Partners will hold a 31.72% stake in the company, while Juvo Ventures and Capria Fund will own 4.89% and 3.14%, respectively. The new funding is coming after a gap of more than two years for Eduvanz. In December 2022, it scooped up $12.6 million in its extended Series B round from new and existing backers. Entrackr exclusively reported the development. Eduvanz competes with well-funded firms such as Grayquest, Avanse Financial, Financepeer, Propelld, Leap Finance, and Auxilo.

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