Manufacturing and supply chain platform Magma raised $515K in pre-seed from WEH Ventures

August 22, 2022

, By Team SNFYI

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Manufacturing and supply chain enablement platform for building materials Magma raised $515K in pre-seed from WEH Ventures where All in Capital, PointOne Capital, Angelist India and angel investors including Revant Bhate (Man Matters), Subin Mitra and Pratik Tiwari (Groyyo), Pawan Gupta and Abhishek Sharma (Fashinza) also participated.

Magma is a construction materials manufacturing platform. To provide supply chain services from the supplier to the customer, the platform collaborates with factories and raw material suppliers. Magma stated that the incoming funds will be used to expand the team and invest in its product and technology. Magma claims to have over 55 partner factories on board. The global building materials market is expected to reach $1 trillion by 2026, with SMEs aiming for $200 billion.

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Manufacturing and supply chain platform Magma raised $515K in pre-seed from WEH Ventures

August 22, 2022

, By Team SNFYI

Manufacturing and supply chain enablement platform for building materials Magma raised $515K in pre-seed from WEH Ventures where All in Capital, PointOne Capital, Angelist India and angel investors including Revant Bhate (Man Matters), Subin Mitra and Pratik Tiwari (Groyyo), Pawan Gupta and Abhishek Sharma (Fashinza) also participated.

Magma is a construction materials manufacturing platform. To provide supply chain services from the supplier to the customer, the platform collaborates with factories and raw material suppliers. Magma stated that the incoming funds will be used to expand the team and invest in its product and technology. Magma claims to have over 55 partner factories on board. The global building materials market is expected to reach $1 trillion by 2026, with SMEs aiming for $200 billion.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Government developing a framework for drone procurement

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