GVFL invests in Magma as part of its extended Series A round, bringing together notable investors including Capria Ventures, General Catalyst, and Accion Venture Lab.

GVFL Ltd has invested in Magma, an Ahmedabad-based industrial solutions provider, as part of an extended Series A round. The funding round includes notable investors such as Capria Ventures, General Catalyst, and Accion Venture Lab. Magma aims to expand its revenue run rate significantly over the next two years. The company currently operates in 10 Indian states and serves multiple industrial sectors.