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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…
