Magma General Insurance Overview
- Year Founded
-
2009
- Status
-
Private
- Employees
-
1,769
- Latest Deal Type
-
M&A
- (Announced)
- Latest Deal Amount
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$517K
- Investors
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8
Magma General Insurance General Information
Description
Provider of insurance services intended to address the growing insurance needs of the Indian community. The company's services include general insurance, property insurance, motor insurance, liability insurance, fire insurance, engineering insurance, and marine insurance, enabling businesses to secure their assets and thus mitigate risk.
Contact Information
Website
www.magmainsurance.comCorporate Office
- Equinox Business Park, Tower 3, 2nd Floor
- Unit Number 1B and 2B, LBS Marg, Kurla West
- Mumbai, Maharashtra 400070
- India
Corporate Office
- Equinox Business Park, Tower 3, 2nd Floor
- Unit Number 1B and 2B, LBS Marg, Kurla West
- Mumbai, Maharashtra 400070
- India
Magma General Insurance Timeline
Magma General Insurance Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 11. Merger/Acquisition | 13-Mar-2025 | $517K | Announced | Profitable | ||
| 10. Merger/Acquisition | 18-May-2022 | Cancelled | Profitable | |||
| 9. Secondary Transaction - Private | 03-Nov-2021 | Completed | Profitable | |||
| 8. Later Stage VC | 17-Jun-2021 | Completed | Profitable | |||
| 7. Secondary Transaction - Private | 16-Mar-2021 | Completed | Profitable | |||
| 6. Later Stage VC | 22-May-2019 | Completed | Profitable | |||
| 5. Secondary Transaction - Private | 01-Mar-2019 | Completed | Profitable | |||
| 4. Secondary Transaction - Private | 14-Nov-2017 | Cancelled | Profitable | |||
| 3. Secondary Transaction - Private | 07-Sep-2015 | $7.86M | Completed | Generating Revenue | ||
| 2. Later Stage VC | 29-Jul-2015 | $7.86M | $7.86M | Completed | Generating Revenue |
Magma General Insurance Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | ||||||||
| Ordinary Shares |
VC Exit Predictor
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Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
Magma General Insurance Comparisons
Industry
Financing
Details
Magma General Insurance Competitors (16)
One of Magma General Insurance’s 16 competitors is Universal Sompo General Insurance Company, a Corporate Backed or Acquired company based in Mumbai, India.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Universal Sompo General Insurance Company | Corporate Backed or Acquired | Mumbai, India | ||||
| Tata AIG | Corporate Backed or Acquired | Mumbai, India | ||||
| Go Digit General Insurance | Formerly Angel backed | Bengaluru, India | ||||
| MintWise Insurance | Corporation | Mumbai, India | ||||
| IndiaFirst Life Insurance | Private Equity-Backed | Mumbai, India |
Magma General Insurance Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Magma General Insurance Investors (8)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Sanoti Properties | Corporation | Minority | ||
| NHPEA Trisul Holding | Corporation | Minority | ||
| Cyza Chem Private Limited | Corporation | Minority | ||
| ICICI Venture | Asset Manager | Minority | ||
| Morgan Stanley Private Equity Asia | PE/Buyout | Minority |
Magma General Insurance FAQs
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When was Magma General Insurance founded?
Magma General Insurance was founded in 2009.
-
Where is Magma General Insurance headquartered?
Magma General Insurance is headquartered in Mumbai, India.
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What is the size of Magma General Insurance?
Magma General Insurance has 1,769 total employees.
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What industry is Magma General Insurance in?
Magma General Insurance’s primary industry is Multi-line Insurance.
-
Is Magma General Insurance a private or public company?
Magma General Insurance is a Private company.
-
What is the current valuation of Magma General Insurance?
The current valuation of Magma General Insurance is .
-
What is Magma General Insurance’s current revenue?
The current revenue for Magma General Insurance is .
-
How much funding has Magma General Insurance raised over time?
Magma General Insurance has raised $33M.
-
Who are Magma General Insurance’s investors?
Sanoti Properties, NHPEA Trisul Holding, Cyza Chem Private Limited, ICICI Venture, and Morgan Stanley Private Equity Asia are 5 of 8 investors who have invested in Magma General Insurance.
-
Who are Magma General Insurance’s competitors?
Universal Sompo General Insurance Company, Tata AIG, Go Digit General Insurance, MintWise Insurance, and IndiaFirst Life Insurance are some of the 16 competitors of Magma General Insurance.
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