Magma funding, investors and company details

Magma is an emerging ESG - Waste startup from Ahmedabad, working in the space of integrated industrial solutions provider offering specialty raw materials, waste management, bio-materials, green energy, and logistics services. Founded by Neal Thakker.

Company: Taozen Technology Private Limited
Sector: ESG - Waste
Location: Ahmedabad
Founders: Neal Thakker
Total funding raised: ₹114.76 Cr

Company overview

Magma is an integrated industrial solutions provider offering specialty raw materials, waste management, bio-materials, green energy, and logistics services. The company supports over 300 manufacturers across multiple states in India, optimizing factory operations with sustainable, innovative solutions. Magma's offerings include customized raw material supply, industrial waste recycling, cost-effective energy solutions tailored to manufacturing, and comprehensive logistics management. The company is committed to driving efficiency and sustainability in India's manufacturing sector, building stronger supply chains and promoting circular economy practices.

Funding rounds

Latest round (Series A): $ 8.00 Mn (₹72.76 Cr.), 2025-12-18. Investors: Avinya Ventures, GVFL
Past round (Series A): ₹42.00 Cr. ($ 4.96 Mn), 2025-04-16. Investors: Capria Ventures, General Catalyst, Sanjiv Rangrass (Capria), Avinya Ventures, WEH Ventures, Accion Venture Lab