B2B construction marketplace Magma secures funding from General Catalyst, Others


Content Team
Image Credit: Inc42

B2B manufacturing platform Magma has raised $3.3 Mn in a seed funding round led by General Catalyst along with participation from Accion Venture Lab and Titan Capital. Of the $3.3 Mn funding, $2.8 Mn is equity investment while the remaining $500K is debt funding. Existing investors WEH Ventures, All in Capital, and angel investors including Aayush Phumbhra from Chegg, Varun Alagh from Mamaearth and Srini from BigBasket, also participated in the funding round.