B2B industrial solutions provider Magma raises $5 million from Capria Ventures, others

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Business-to-business (B2B) industrial solutions provider Magma has raised $5 million in a funding round led by early-stage investment firm Capria Ventures.

The round, which was a mix of equity and debt financing, also saw existing investors General Catalyst, Accion Venture Lab, and WEH Ventures participate.

The funds will be used to strengthen Magma’s core factory offerings, expand backward integration capabilities, and accelerate technological investments.

“We want to be the industrial infrastructure layer for India — something every factory…



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B2B industrial solutions provider Magma raises $5 million from Capria Ventures, others


Business-to-business (B2B) industrial solutions provider Magma has raised $5 million in a funding round led by early-stage investment firm Capria Ventures.

The round, which was a mix of equity and debt financing, also saw existing investors General Catalyst, Accion Venture Lab, and WEH Ventures participate.

The funds will be used to strengthen Magma’s core factory offerings, expand backward integration capabilities, and accelerate technological investments.

“We want to be the industrial infrastructure layer for India — something every factory…



Source link

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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