Startup News Fundraising DeepTech

Back-to-Back Fundraises from Ahmedabad Founders: Optimized Electrotech Raises $6M, Magma Secures $5M

Jatin Chaudhary - Salesman @eChaiVentures l Good at managing WhatsApp groups n organizing high quality, large gatherings at low cost :-) l Observer l Fmr Global Shaper @WEF
Jatin Chaudhary
Salesman @eChaiVentures l Good at managing WhatsApp groups n organizing high quality, large gathe...
Back-to-Back Fundraises from Ahmedabad Founders: Optimized Electrotech Raises $6M, Magma Secures $5M
Some weeks, the ecosystem speaks for itself.

In just couple of days, two Ahmedabad-based startups — Optimized Electrotech and Magma — announced their latest fundraises, each reflecting the kind of focused, long-term building that’s quietly shaping the city’s startup landscape.

..

Optimized Electrotech, co-founded by Sandeep Shah and Dharin Shah, secured $6 million in Series A funding, led by Blume Ventures and Mela Ventures. The round also saw participation from 9Unicorns, Venture Catalysts, and the Rajiv Dadlani Group.

The company is building electro-optic surveillance systems for defence, aerospace, and space — systems that combine advanced imaging with real-time AI analytics. With applications ranging from border security to autonomous ISR missions, they’re betting on a future where intelligence is not just collected, but interpreted on the edge, fast.

This raise will help them scale R&D, expand internationally, and build next-gen payloads designed for extreme environments.

https://x.com/BlumeVentures/status/1912059645361045808

..

Magma, led by Neal Thakker, announced its own $5 million Series A round, backed by Capria Ventures with support from Avinya Ventures, General Catalyst, Accion Venture Lab, and Sanjiv Rangrass.

Magma helps factories manage raw materials, green energy, industrial waste, and logistics through a single B2B platform. With over 250 manufacturers already onboard — including players like Adani, Arvind, and Reliance — they’ve reached a ₹250 crore annual revenue run-rate and are eyeing ₹1,000 crore over the next two years.

This funding will fuel deeper tech development, backward integration, and scale their infra-layer approach for Indian manufacturing.

https://x.com/nealzyneal/status/1912539239792656461

..

PS: I recently made a short video on the rise of the Ahmedabad startup ecosystem — the energy, the builders, and what’s quietly taking shape here.

https://x.com/jatin10/status/1899758803371094380


Startup Stream
Blessing in disguise Books for Entrepreneurs Documentary eChai Wall of Love How I Met My Co-Founder In Focus Today Insight Reports Movies for Entrepreneurs Notes from Podcasts Slice of Startup Life The First Hire The First Welcome in Silicon Valley The Reading Room Unforgettable Lessons

The eChai Effect - In Their Words

"eChai isn’t just a startup community … it’s a mindset . eChai has been one of the most impactful communities in my entrepreneurial journey. It’s been a turning point . In a world where building something can often feel isolating, eChai gave me a sense of belonging. I’ve found mentors, collaborators, and friends here — people who genuinely want to see you succeed. It’s a space where ideas are challenged, actions are celebrated, and founders grow not just in scale, but in clarity and confidence. From late-night ideas to early-morning pitches, this community has quietly but powerfully shaped the way I build, think, and dream. I’ll always be grateful for the way eChai creates spaces where founders don’t just grow businesses — they grow together."
Koumal Kalantry - Founder, Bignano Ventures
Koumal Kalantry
Founder, Bignano Ventures
“eChai has been that turning point in my journey. It gave me a platform when I wasn’t looking for visibility but needed direction. Over the years, it became more than just a network. It became my tribe; a place where conversations sparked collaborations, and strangers became trusted sounding boards. What I value most is how effortlessly eChai brings people together - no airs, no filters, just genuine people with shared dreams. I owe a lot to this community and to Jatin, whose consistency and belief in people have shaped journeys like mine. Forever grateful to be part of something so real.”
Rushabh Shah - Managing Partner - STIR Advisors
Rushabh Shah
Managing Partner - STIR Advisors
"eChai has been a game-changer for Hungrito, providing us with invaluable connections, insights, and opportunities that have significantly fueled our growth. eChai has introduced us to a global network of entrepreneurs and experts, fueling our growth and opening doors to new opportunities from Ahmedabad to Dubai. The community has become like a second family to us, providing support, guidance, and valuable insights as startup entrepreneurs."
Sahil Shah - Founder- Hungrito & Netsavvies. Digital Marketing Evangelist
Sahil Shah
Founder- Hungrito & Netsavvies. Digital Marketing Evangelist

eChai Partner Brands

eChai Ventures partners with select brands as their growth partner - working together to explore new ideas, open doors, and build momentum across the startup ecosystem.

Oizom

Oizom

Oizom offers Environmental IoT and Environmental Ai solutions for a sustainable future.