Indian Startups Magma Group, FITPASS Prioritize Long-Term Value Over Hype
Startup
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CNBC TV18•05-01-2026, 20:19
Indian Startups Magma Group, FITPASS Prioritize Long-Term Value Over Hype
- •Magma Group, in sustainable materials, consolidated an $8M Series A, with Capria Ventures and a Gujarat state-backed fund investing.
- •Magma is profitable since inception, reported ₹215 crore revenue last year, and has a ₹500 crore order book, expanding green businesses across 12 states.
- •FITPASS, a flexible fitness membership, boasts a 78% retention rate, capitalizing on India's shift to daily fitness habits.
- •FITPASS co-founder Akshay Verma highlights their tech-backed ecosystem approach, combining workouts, nutrition, and habit tracking.
- •Both startups demonstrate a strategic focus on solving real problems and building sustainable scale with a long-term vision.
Why It Matters: Magma Group and FITPASS exemplify Indian startups building sustainable growth with long-term vision.
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