Metalbook, a digital supply chain platform for the metals industry, has raised $5 million in seed funding led by Axilor Ventures. The round also saw participation from Foundamental, RTP Global, Stride Ventures and a few angel investors.

In an interview with CNBC-TV18, Pulkit Baldev, Co-Founder of Metalbook, said that they plan to utilise the funds for global expansion.

“We have made our presence felt in the neighbouring countries such as Nepal, Bhutan, Bangladesh and Sri Lanka. With this fundraise, we will be expanding our presence to 12 new geographical locations across the globe. We will also be using the fund for expanding our supplier as well as customer network,” Baldev said.

Frequently asked questions

Metalbook is already active in neighboring countries like Nepal, Bhutan, Bangladesh, and Sri Lanka, with plans to expand globally.

The primary goals include broadening their geographical footprint, increasing the supplier and customer base, and leveraging their platform for global metal supply chain digitization.

Metalbook's expansion is expected to further digitize and streamline global metal supply chains, enhancing efficiency and accessibility for suppliers and customers worldwide.

What are Metalbook's current geographical markets?

What strategic goals does Metalbook have following the funding?

What impact will this growth have on the global metals industry?

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